BB&T Securities LLC Purchases 1,489 Shares of Sealed Air Corp (NYSE:SEE)

BB&T Securities LLC lifted its position in shares of Sealed Air Corp (NYSE:SEE) by 6.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,561 shares of the industrial products company’s stock after acquiring an additional 1,489 shares during the period. BB&T Securities LLC’s holdings in Sealed Air were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of Sealed Air by 3.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 17,135 shares of the industrial products company’s stock worth $733,000 after acquiring an additional 518 shares during the period. Bbva USA Bancshares Inc. lifted its holdings in shares of Sealed Air by 10.7% during the 2nd quarter. Bbva USA Bancshares Inc. now owns 18,839 shares of the industrial products company’s stock worth $805,000 after acquiring an additional 1,824 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Sealed Air by 141.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 40,160 shares of the industrial products company’s stock worth $1,718,000 after acquiring an additional 23,497 shares during the period. Chicago Equity Partners LLC bought a new stake in shares of Sealed Air during the 3rd quarter worth approximately $1,919,000. Finally, CWM Advisors LLC lifted its holdings in shares of Sealed Air by 19.8% during the 2nd quarter. CWM Advisors LLC now owns 11,986 shares of the industrial products company’s stock worth $513,000 after acquiring an additional 1,982 shares during the period. 96.56% of the stock is owned by institutional investors.

Several brokerages recently commented on SEE. Wells Fargo & Co dropped their price objective on shares of Sealed Air from $43.00 to $40.00 and set a “market perform” rating for the company in a research note on Thursday. Citigroup dropped their price objective on shares of Sealed Air from $45.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th. KeyCorp raised shares of Sealed Air from an “underweight” rating to a “sector weight” rating in a research note on Wednesday. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of Sealed Air from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 10th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $42.96.

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In other Sealed Air news, CFO James M. Sullivan purchased 5,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was purchased at an average price of $38.75 per share, with a total value of $193,750.00. Following the completion of the purchase, the chief financial officer now owns 17,028 shares of the company’s stock, valued at $659,835. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.53% of the stock is currently owned by company insiders.

Shares of NYSE:SEE opened at $40.02 on Friday. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.56 and a beta of 1.07. The firm has a 50 day simple moving average of $41.04 and a 200 day simple moving average of $42.47. Sealed Air Corp has a one year low of $32.33 and a one year high of $47.13.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. Sealed Air had a net margin of 7.84% and a negative return on equity of 121.14%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. As a group, equities analysts predict that Sealed Air Corp will post 2.78 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Thursday, December 5th. Sealed Air’s payout ratio is currently 25.60%.

About Sealed Air

Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. It operates in two segments, Food Care and Product Care. The Food Care segment offers integrated packaging materials and equipment solutions to provide food safety, shelf life extension, and total cost optimization for perishable food processors in the fresh red meat, smoked and processed meats, poultry, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.

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

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