Raymond James Financial Services Advisors Inc. raised its position in Sealed Air Corporation (NYSE:SEE) by 5.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,024 shares of the industrial products company’s stock after buying an additional 1,619 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Sealed Air Corporation were worth $1,478,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SEE. Principal Financial Group Inc. boosted its holdings in Sealed Air Corporation by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 305,073 shares of the industrial products company’s stock worth $13,295,000 after buying an additional 8,137 shares during the last quarter. FMR LLC boosted its holdings in Sealed Air Corporation by 73.2% in the 1st quarter. FMR LLC now owns 1,549,870 shares of the industrial products company’s stock worth $67,543,000 after buying an additional 654,872 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Sealed Air Corporation by 7.8% in the 1st quarter. Teachers Advisors LLC now owns 419,895 shares of the industrial products company’s stock worth $18,299,000 after buying an additional 30,322 shares during the last quarter. Global X Management Co. LLC boosted its holdings in Sealed Air Corporation by 30.4% in the 1st quarter. Global X Management Co. LLC now owns 2,950 shares of the industrial products company’s stock worth $129,000 after buying an additional 687 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Sealed Air Corporation by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 838,679 shares of the industrial products company’s stock worth $36,548,000 after buying an additional 27,757 shares during the last quarter. Institutional investors own 92.06% of the company’s stock.

Several research firms recently issued reports on SEE. SunTrust Banks, Inc. set a $48.00 price objective on Sealed Air Corporation and gave the stock a “buy” rating in a report on Sunday, September 10th. Zacks Investment Research cut Sealed Air Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. KeyCorp reiterated a “hold” rating on shares of Sealed Air Corporation in a report on Monday, October 2nd. BidaskClub cut Sealed Air Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Citigroup Inc. cut Sealed Air Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $52.00 to $47.00 in a report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $48.50.

Sealed Air Corporation (NYSE:SEE) opened at 45.22 on Friday. Sealed Air Corporation has a one year low of $41.22 and a one year high of $50.62. The stock’s 50 day moving average price is $43.56 and its 200 day moving average price is $44.21. The firm has a market capitalization of $8.59 billion, a PE ratio of 23.37 and a beta of 1.17.

Sealed Air Corporation (NYSE:SEE) last released its quarterly earnings results 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 business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 earnings per share. Analysts expect that Sealed Air Corporation will post $1.82 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.16 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.64 annualized dividend and a dividend yield of 1.42%. Sealed Air Corporation’s dividend payout ratio is presently 33.16%.

ILLEGAL ACTIVITY NOTICE: This piece of content was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of international trademark & copyright legislation. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/22/sealed-air-corporation-see-shares-bought-by-raymond-james-financial-services-advisors-inc.html.

In related news, Director Lawrence R. Codey sold 3,500 shares of the firm’s 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 sale, the director now owns 38,180 shares in the company, valued at $1,638,303.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.05% of the stock is owned by corporate 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.

Want to see what other hedge funds are holding SEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sealed Air Corporation (NYSE:SEE).

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

Receive News & Stock Ratings for Sealed Air Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sealed Air Corporation and related stocks with our FREE daily email newsletter.