Stock Traders Purchase Large Volume of Sealed Air Call Options (NYSE:SEE)

Sealed Air Corporation (NYSE:SEE) saw unusually large options trading activity on Thursday. Investors acquired 85,538 call options on the stock. This is an increase of approximately 8,327% compared to the average daily volume of 1,015 call options.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SEE shares. Raymond James Financial restated a “strong-buy” rating and issued a $50.00 price objective (up from $39.00) on shares of Sealed Air in a report on Friday, October 17th. Truist Financial restated a “buy” rating and set a $45.00 price target (up from $40.00) on shares of Sealed Air in a research note on Wednesday, November 5th. UBS Group raised their price target on Sealed Air from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Wall Street Zen downgraded Sealed Air from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Finally, Mizuho increased their target price on Sealed Air from $36.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.83.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new stake in shares of Sealed Air in the 2nd quarter valued at $25,000. Northwestern Mutual Wealth Management Co. increased its holdings in Sealed Air by 383.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company’s stock valued at $26,000 after buying an additional 664 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in Sealed Air in the third quarter valued at $27,000. Parkside Financial Bank & Trust lifted its holdings in Sealed Air by 334.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 960 shares of the industrial products company’s stock worth $30,000 after buying an additional 739 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in shares of Sealed Air during the 3rd quarter worth about $45,000. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Stock Down 1.4%

Shares of NYSE SEE opened at $41.70 on Friday. The stock has a market cap of $6.13 billion, a P/E ratio of 13.54 and a beta of 1.35. The business’s fifty day simple moving average is $37.69 and its 200-day simple moving average is $33.83. Sealed Air has a 12-month low of $22.78 and a 12-month high of $44.27. The company has a current ratio of 1.29, a quick ratio of 0.75 and a debt-to-equity ratio of 3.34.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.19. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. Sealed Air had a return on equity of 54.90% and a net margin of 8.52%.Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. As a group, equities analysts predict that Sealed Air will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.80 annualized dividend and a yield of 1.9%. Sealed Air’s dividend payout ratio (DPR) is 25.97%.

About Sealed Air

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.