Sealed Air Corporation (SEE) Shares Sold by Brown Advisory Inc

Cornelia Mascio
Dicembre 9, 2017

Fiduciary Trust Co. bought a new position in Sealed Air during the second quarter valued at approximately $124,000. Pacer Advisors Inc. lifted its position in Sealed Air by 8.1% during the second quarter. World Asset Management Inc now owns 19,561 shares of the industrial products company's stock worth $896,000 after buying an additional 294 shares during the period. LLC now owns 3,649 shares of the industrial products company's stock valued at $163,000 after purchasing an additional 699 shares in the last quarter. Ray Gerald L & Associates Ltd. raised its stake in Sealed Air by 1.2% in the second quarter. Investors bought 12,057 call options on the stock. ING Groep NV raised its stake in Sealed Air by 1.4% in the second quarter. Can now owns 180,063 shares of the industrial products company's stock worth $8,246,000 after buying an additional 7,128 shares during the period. The Oakbrook Investments Llc holds 16,100 shares with $721,000 value, up from 8,650 last quarter. Sentry Investment Management LLC now owns 6,824 shares of the industrial products company's stock worth $305,000 after buying an additional 173 shares in the last quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Also, SVP Emile Z. Chammas sold 6,000 shares of Sealed Air 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 transaction, the senior vice president now directly owns 142,077 shares of the company's stock, valued at approximately $6,427,563.48. The transaction was disclosed in a document filed with the SEC, which is available through this link.

In other news, Director Lawrence R. Codey sold 3,500 shares of Sealed Air stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $42.91, for a total transaction of $150,185.00. Following the transaction, the chief accounting officer now owns 37,797 shares of the company's stock, valued at approximately $1,641,523.71. The disclosure for this sale can be found here. Company insiders own 1.05% of the company's stock.

Sealed Air Corporation (NYSE:SEE) was the target of some unusual options trading on Wednesday. 2,368,079 shares of the stock were exchanged, compared to its average volume of 2,311,226. 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 firm has "Hold" rating given on Tuesday, August 8 by RBC Capital Markets. Sealed Air has a 12 month low of $41.22 and a 12 month high of $50.62. Sealed Air Corporation (NYSE:SEE) has declined 6.94% since December 8, 2016 and is downtrending. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Sealed Air Corp had a return on equity of 89.29% and a net margin of 7.02%. The firm had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period a year ago, the firm earned $0.41 earnings per share. Zacks Investment Research downgraded shares of Sealed Air from a "hold" rating to a "sell" rating in a research report on Tuesday, October 10th. Investors of record on Friday, June 2nd will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.64 annualized dividend and a yield of 1.44%. Sealed Air's payout ratio is 61.54%.

A number of equities analysts have recently issued reports on the company. RBC Capital Markets maintained Sealed Air Corporation (NYSE:SEE) rating on Thursday, November 9. UBS initiated Sealed Air Corporation (NYSE:SEE) on Tuesday, August 23 with "Buy" rating. Royal Bank Of Canada reaffirmed a "hold" rating and issued a $47.00 price target on shares of Sealed Air in a research report on Thursday, November 9th. Jefferies Group reissued a "hold" rating and issued a $44.00 target price on shares of Sealed Air in a research report on Thursday, September 14th. Barclays Capital upgraded the stock to "Overweight" rating in Friday, January 8 report.

Among 34 analysts covering American Express Company (NYSE:AXP), 10 have Buy rating, 4 Sell and 20 Hold. The company presently has a consensus rating of "Hold" and a consensus price target of $48.83.

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About Sealed Air Corp Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business.

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