Sealed Air Corporation (SEE) Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. lowered its position in Sealed Air Corporation (NYSE:SEE) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,968 shares of the industrial products company’s stock after selling 1,391 shares during the period. Meyer Handelman Co.’s holdings in Sealed Air Corporation were worth $2,818,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SEE. FMR LLC raised its stake in shares of Sealed Air Corporation by 73.2% in the first quarter. FMR LLC now owns 1,549,870 shares of the industrial products company’s stock valued at $67,543,000 after acquiring an additional 654,872 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Sealed Air Corporation by 7.8% in the first quarter. Teachers Advisors LLC now owns 419,895 shares of the industrial products company’s stock valued at $18,299,000 after acquiring an additional 30,322 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Sealed Air Corporation by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 838,679 shares of the industrial products company’s stock valued at $36,548,000 after acquiring an additional 27,757 shares during the last quarter. Morgan Stanley raised its stake in shares of Sealed Air Corporation by 47.7% in the first quarter. Morgan Stanley now owns 571,285 shares of the industrial products company’s stock valued at $24,896,000 after acquiring an additional 184,503 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Sealed Air Corporation by 3.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 576,428 shares of the industrial products company’s stock valued at $25,121,000 after acquiring an additional 17,565 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

SEE has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Sealed Air Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Citigroup Inc. cut shares of Sealed Air Corporation from a “buy” rating to a “neutral” rating and cut their target price for the company from $52.00 to $47.00 in a research note on Thursday, September 7th. Bank of America Corporation set a $50.00 target price on shares of Sealed Air Corporation and gave the company a “buy” rating in a research note on Friday, October 13th. BidaskClub cut shares of Sealed Air Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $47.00 target price on shares of Sealed Air Corporation in a research note on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Sealed Air Corporation presently has a consensus rating of “Hold” and an average target price of $48.50.

Sealed Air Corporation (NYSE:SEE) opened at 44.60 on Friday. Sealed Air Corporation has a 52-week low of $41.22 and a 52-week high of $50.62. The company has a market cap of $8.48 billion, a PE ratio of 23.05 and a beta of 1.17. The company has a 50-day moving average of $43.65 and a 200 day moving average of $44.27.

Sealed Air Corporation (NYSE:SEE) last announced its earnings results on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the business earned $0.65 EPS. Sealed Air Corporation’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts predict that Sealed Air Corporation will post $1.82 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, November 30th. Sealed Air Corporation’s dividend payout ratio is presently 33.16%.

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In related news, Director Lawrence R. Codey sold 3,500 shares of Sealed Air Corporation stock in a transaction 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 completion of the transaction, the director now owns 38,180 shares of the company’s stock, valued at $1,638,303.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.05% of the stock is owned by company insiders.

About Sealed Air Corporation

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.

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

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