Emile Z. Chammas Sells 6,000 Shares of Sealed Air Corporation (SEE) Stock

Sealed Air Corporation (NYSE:SEE) SVP Emile Z. Chammas sold 6,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $45.24, for a total transaction of $271,440.00. Following the transaction, the senior vice president now owns 142,077 shares of the company’s stock, valued at $6,427,563.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Sealed Air Corporation (SEE) traded up $0.17 on Thursday, reaching $45.31. 1,597,700 shares of the company’s stock were exchanged, compared to its average volume of 2,161,729. 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 company has a market capitalization of $10,382.04, a PE ratio of 22.57, a P/E/G ratio of 6.28 and a beta of 1.21. Sealed Air Corporation has a twelve month low of $41.22 and a twelve month high of $50.62.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.41%. Sealed Air Corporation’s dividend payout ratio (DPR) is presently 12.19%.

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Hedge funds have recently added to or reduced their stakes in the company. Fiduciary Trust Co. bought a new position in shares of Sealed Air Corporation during the 2nd quarter worth about $124,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Sealed Air Corporation in the 3rd quarter worth about $140,000. Global X Management Co. LLC raised its holdings in shares of Sealed Air Corporation by 23.7% in the 2nd quarter. Global X Management Co. LLC now owns 3,649 shares of the industrial products company’s stock worth $163,000 after acquiring an additional 699 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Sealed Air Corporation by 8.1% in the 2nd quarter. Pacer Advisors Inc. now owns 4,301 shares of the industrial products company’s stock worth $193,000 after acquiring an additional 322 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Sealed Air Corporation in the 2nd quarter worth about $201,000. 75.41% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on SEE. SunTrust Banks, Inc. set a $48.00 price objective on Sealed Air Corporation and gave the company a “buy” rating in a report on Sunday, September 10th. Zacks Investment Research upgraded Sealed Air Corporation from a “sell” rating to a “hold” rating in a report on Monday, November 13th. KeyCorp restated a “hold” rating on shares of Sealed Air Corporation in a report on Monday, October 2nd. BidaskClub downgraded Sealed Air Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $47.00 price objective on shares of Sealed Air Corporation in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $48.83.

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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