BlackRock Amends SEALED AIR CORP Stake, Signals Portfolio Adjustment
Ticker: SEE · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 1012100
| Field | Detail |
|---|---|
| Company | Sealed Air Corp/De (SEE) |
| Form Type | SC 13G/A |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its stake in Sealed Air, watch for market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, indicating a change in their ownership of SEALED AIR CORPORATION's Common Stock as of December 31, 2023. This filing, Amendment No. 11, updates their previous disclosures regarding their passive investment in the packaging company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or investment strategy regarding SEALED AIR CORPORATION.
Why It Matters
This filing shows BlackRock's updated position in Sealed Air, which can influence investor sentiment and potentially impact the stock's trading volume and price.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate or significant risk to the company.
Analyst Insight
Investors should note BlackRock's continued involvement with SEALED AIR CORPORATION, but without specific share count changes, this filing primarily serves as an administrative update. Further analysis of BlackRock's full 13F filing for Q4 2023 would provide more detail on the exact change in their holdings.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- SEALED AIR CORPORATION (company) — the issuer whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 19, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 11 (number) — the specific amendment number of this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 11)'.
Who is the subject company of this filing?
The subject company is SEALED AIR CORPORATION/DE, with a Central Index Key (CIK) of 0001012100, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SEALED AIR CORP/DE'.
Who is the entity that filed this SC 13G/A?
The entity that filed this SC 13G/A is BlackRock Inc., with a Central Index Key (CIK) of 0001364742, as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Common Stock of SEALED AIR CORPORATION is 81211K100, as listed under '(CUSIP Number)'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding SEALED AIR CORP/DE (SEE).