Sealed Air Corp (SEE) : Taylor Asset Management Inc reduced its stake in Sealed Air Corp by 3.05% during the most recent quarter end. The investment management company now holds a total of 556,950 shares of Sealed Air Corp which is valued at $27,357,384 after selling 17,500 shares in Sealed Air Corp , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Sealed Air Corp makes up approximately 7.60% of Taylor Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Stoneridge Investment Partners reduced its stake in SEE by selling 815 shares or 1.66% in the most recent quarter. The Hedge Fund company now holds 48,420 shares of SEE which is valued at $2,378,390. Sealed Air Corp makes up approx 0.34% of Stoneridge Investment Partners’s portfolio.Capstone Asset Management Co boosted its stake in SEE in the latest quarter, The investment management firm added 67 additional shares and now holds a total of 17,234 shares of Sealed Air Corp which is valued at $833,609. Sealed Air Corp makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Creative Planning boosted its stake in SEE in the latest quarter, The investment management firm added 275 additional shares and now holds a total of 3,648 shares of Sealed Air Corp which is valued at $176,454.Benjamin F. Edwards Company boosted its stake in SEE in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 270 shares of Sealed Air Corp which is valued at $13,060.
Sealed Air Corp closed down -0.14 points or -0.30% at $47.18 with 36,63,143 shares getting traded on Friday. Post opening the session at $47.17, the shares hit an intraday low of $46.21 and an intraday high of $47.2125 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Sealed Air Corp reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.64. The company had revenue of $1727.00 million for the quarter, compared to analysts expectations of $1737.75 million. The company’s revenue was down -3.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.60 EPS.
Investors should note that on Jul 7, 2016, Sealed Air Corp announced a cash dividend of $0.1600. The company’s management has announced Aug 31, 2016 as the ex-dividend date and fixed the record date on Sep 2, 2016. The payable date has been fixed on Sep 16, 2016.
Many Wall Street Analysts have commented on Sealed Air Corp. Sealed Air Corp was Upgraded by Citigroup to ” Buy” on Jul 15, 2016. SunTrust Initiated Sealed Air Corp on Jul 13, 2016 to “Buy”, Price Target of the shares are set at $54.
Sealed Air Corporation is engaged in food safety and security facility hygiene and product protection business. The Company’s segments include Food Care which provides integrated system solutions for retailers and food service operators; Diversey Care which provides integrated system solutions for food safety and security under Diversey brand; Product Care which provides product care solutions to meet cushioning void fill positioning or block-and-bracing and surface protection among others and Other which includes corporate medical applications and new ventures businesses. Its brands include Cryovac packaging technology Diversey and Taski brand cleaning and hygiene solutions Bubble Wrap brand cushioning Jiffy protective mailers and Instapak foam-in-place systems. In addition the Company offers I-Pack system which supports various pick stations and e-Cube system which is an automated packaging solution.