Sealed Air Corporation (SEE) Position Increased by BB&T Securities LLC

BB&T Securities LLC increased its holdings in Sealed Air Corporation (NYSE:SEE) by 21.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,601 shares of the industrial products company’s stock after acquiring an additional 6,112 shares during the period. BB&T Securities LLC’s holdings in Sealed Air were worth $1,478,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SEE. HighTower Advisors LLC grew its holdings in Sealed Air by 10.8% during the second quarter. HighTower Advisors LLC now owns 7,859 shares of the industrial products company’s stock valued at $351,000 after purchasing an additional 769 shares during the period. Dimensional Fund Advisors LP grew its holdings in Sealed Air by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 858,823 shares of the industrial products company’s stock valued at $38,442,000 after purchasing an additional 20,144 shares during the period. Legal & General Group Plc grew its holdings in Sealed Air by 5.6% during the second quarter. Legal & General Group Plc now owns 949,170 shares of the industrial products company’s stock valued at $42,485,000 after purchasing an additional 50,305 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Sealed Air by 20.4% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,479 shares of the industrial products company’s stock valued at $2,259,000 after purchasing an additional 8,547 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Sealed Air by 1,672.6% during the second quarter. Victory Capital Management Inc. now owns 616,605 shares of the industrial products company’s stock valued at $27,599,000 after purchasing an additional 581,819 shares during the period. 92.94% of the stock is owned by institutional investors.

Sealed Air Corporation (NYSE:SEE) traded down $0.15 during midday trading on Friday, reaching $49.30. The company’s stock had a trading volume of 1,340,300 shares, compared to its average volume of 2,431,047. Sealed Air Corporation has a twelve month low of $41.22 and a twelve month high of $50.62. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 4.23. The stock has a market capitalization of $8,920.11, a P/E ratio of 9.39, a price-to-earnings-growth ratio of 6.85 and a beta of 1.23.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.46. Sealed Air had a return on equity of 67.60% and a net margin of 20.15%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. analysts expect that Sealed Air Corporation will post 1.8 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.30%. Sealed Air’s dividend payout ratio (DPR) is currently 12.19%.

SEE has been the subject of several research reports. TheStreet raised Sealed Air from a “c+” rating to a “b-” rating in a report on Thursday, November 30th. Zacks Investment Research lowered Sealed Air from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. SunTrust Banks reaffirmed a “buy” rating and issued a $49.00 price target on shares of Sealed Air in a report on Friday, November 17th. Robert W. Baird reaffirmed a “buy” rating and issued a $55.00 price target on shares of Sealed Air in a report on Friday, September 1st. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $44.00 price target on shares of Sealed Air in a report on Thursday, September 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $49.42.

In related news, CFO William G. Stiehl sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $48.98, for a total value of $146,940.00. Following the sale, the chief financial officer now directly owns 34,797 shares of the company’s stock, valued at $1,704,357.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Emile Z. Chammas sold 6,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $45.24, for a total value of $271,440.00. Following the completion of the sale, the senior vice president now directly owns 142,077 shares in the company, valued at $6,427,563.48. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by company insiders.

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About Sealed Air

Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care (includes Corporate, Medical Applications and New Ventures businesses), Product Care and Corporate. The Food Care segment focuses on providing a range of integrated system solutions.

Institutional Ownership by Quarter for Sealed Air (NYSE:SEE)

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