Stock Traders Purchase High Volume of Call Options on Sealed Air (SEE)

Sealed Air Corporation (NYSE:SEE) was the target of unusually large options trading on Wednesday. Traders purchased 12,057 call options on the company. This represents an increase of approximately 1,923% compared to the average daily volume of 596 call options.

In other Sealed Air news, Director Lawrence R. Codey sold 3,500 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $42.91, for a total value of $150,185.00. Following the completion of the transaction, the director now owns 38,180 shares in the company, valued at $1,638,303.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Emile Z. Chammas sold 6,000 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $45.24, for a total value of $271,440.00. Following the completion of the transaction, the senior vice president now owns 142,077 shares of the company’s stock, valued at approximately $6,427,563.48. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in SEE. Louisiana State Employees Retirement System boosted its position in shares of Sealed Air by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the industrial products company’s stock valued at $542,000 after buying an additional 200 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Sealed Air by 3,471,300.0% during the second quarter. Acadian Asset Management LLC now owns 34,714 shares of the industrial products company’s stock valued at $1,554,000 after buying an additional 34,713 shares during the last quarter. Strs Ohio boosted its position in shares of Sealed Air by 6.1% during the second quarter. Strs Ohio now owns 13,302 shares of the industrial products company’s stock valued at $595,000 after buying an additional 765 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Sealed Air by 270.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 23,280 shares of the industrial products company’s stock valued at $1,042,000 after buying an additional 17,000 shares during the last quarter. Finally, NGAM Advisors L.P. boosted its position in shares of Sealed Air by 18.3% during the second quarter. NGAM Advisors L.P. now owns 23,591 shares of the industrial products company’s stock valued at $1,056,000 after buying an additional 3,642 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

Shares of Sealed Air (NYSE SEE) opened at $47.79 on Friday. Sealed Air has a 12 month low of $41.22 and a 12 month high of $50.62. The company has a market capitalization of $8,650.00, a price-to-earnings ratio of 23.79, a PEG ratio of 6.59 and a beta of 1.23. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 4.23.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors 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 annualized dividend and a dividend yield of 1.34%. Sealed Air’s dividend payout ratio (DPR) is presently 61.54%.

A number of equities research analysts have recently commented on SEE shares. TheStreet raised Sealed Air from a “c+” rating to a “b-” rating in a research note on Thursday, November 30th. SunTrust Banks reissued a “buy” rating and issued a $49.00 target price on shares of Sealed Air in a research note on Friday, November 17th. BMO Capital Markets reissued a “hold” rating and issued a $47.00 target price on shares of Sealed Air in a research note on Sunday, August 27th. Royal Bank Of Canada reissued a “hold” rating and issued a $47.00 target price on shares of Sealed Air in a research note on Thursday, November 9th. Finally, Barclays increased their target price on Sealed Air from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $48.83.

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Sealed Air 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 (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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