Sealed Air Corporation (NYSE:SEE) Shares Bought by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. raised its stake in Sealed Air Corporation (NYSE:SEE) by 0.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 169,591 shares of the industrial products company’s stock after buying an additional 1,531 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.09% of Sealed Air Corporation worth $7,591,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Assetmark Inc. boosted its stake in shares of Sealed Air Corporation by 1.0% in the first quarter. Assetmark Inc. now owns 2,444 shares of the industrial products company’s stock valued at $107,000 after buying an additional 25 shares during the period. TrimTabs Asset Management LLC acquired a new stake in shares of Sealed Air Corporation during the first quarter valued at approximately $109,000. Global X Management Co. LLC boosted its stake in shares of Sealed Air Corporation by 30.4% in the first quarter. Global X Management Co. LLC now owns 2,950 shares of the industrial products company’s stock valued at $129,000 after buying an additional 687 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Sealed Air Corporation by 19.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,571 shares of the industrial products company’s stock valued at $163,000 after buying an additional 578 shares during the period. Finally, CENTRAL TRUST Co boosted its stake in shares of Sealed Air Corporation by 0.8% in the first quarter. CENTRAL TRUST Co now owns 3,830 shares of the industrial products company’s stock valued at $167,000 after buying an additional 30 shares during the period. 90.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Sealed Air Corporation (NYSE:SEE) traded up 1.16% on Wednesday, reaching $45.47. 1,525,429 shares of the company were exchanged. Sealed Air Corporation has a 12-month low of $41.74 and a 12-month high of $50.62. The firm has a market capitalization of $8.64 billion, a PE ratio of 23.50 and a beta of 1.16. The company’s 50 day moving average is $44.91 and its 200 day moving average is $45.07.

Sealed Air Corporation (NYSE:SEE) last issued its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by $0.01. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. Sealed Air Corporation’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. Analysts forecast that Sealed Air Corporation will post $1.83 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.64 annualized dividend and a yield of 1.41%. Sealed Air Corporation’s dividend payout ratio is currently 33.16%.

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Several brokerages have commented on SEE. TheStreet cut shares of Sealed Air Corporation from a “b” rating to a “c+” rating in a research report on Tuesday, May 9th. Credit Suisse Group set a $50.00 price target on shares of Sealed Air Corporation and gave the stock a “buy” rating in a research report on Thursday, May 11th. Jefferies Group LLC cut their price target on shares of Sealed Air Corporation from $45.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, May 10th. Zacks Investment Research cut shares of Sealed Air Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Bank of America Corporation lowered shares of Sealed Air Corporation from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research note on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $49.27.

In related news, CAO William G. Stiehl sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $43.43, for a total transaction of $130,290.00. Following the completion of the transaction, the chief accounting officer now owns 37,797 shares of the company’s stock, valued at $1,641,523.71. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.86% of the stock is currently owned by insiders.

Sealed Air Corporation Company Profile

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

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

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