Osborne Partners Capital Management LLC lowered its stake in shares of Bemis Company, Inc. (NYSE:BMS) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,700 shares of the industrial products company’s stock after selling 150 shares during the period. Osborne Partners Capital Management LLC’s holdings in Bemis were worth $1,975,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Whittier Trust Co. increased its position in shares of Bemis by 0.8% in the second quarter. Whittier Trust Co. now owns 83,637 shares of the industrial products company’s stock valued at $3,868,000 after buying an additional 629 shares during the period. State Treasurer State of Michigan increased its position in shares of Bemis by 0.8% in the second quarter. State Treasurer State of Michigan now owns 37,900 shares of the industrial products company’s stock valued at $1,753,000 after buying an additional 300 shares during the period. Highland Capital Management LLC increased its position in Bemis by 2.5% in the second quarter. Highland Capital Management LLC now owns 102,714 shares of the industrial products company’s stock worth $4,751,000 after buying an additional 2,480 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Bemis by 3.0% in the second quarter. Louisiana State Employees Retirement System now owns 24,000 shares of the industrial products company’s stock worth $1,110,000 after buying an additional 700 shares during the last quarter. Finally, LS Investment Advisors LLC increased its position in Bemis by 16.2% in the second quarter. LS Investment Advisors LLC now owns 7,195 shares of the industrial products company’s stock worth $333,000 after buying an additional 1,005 shares during the last quarter. Institutional investors own 79.57% of the company’s stock.
Bemis Company, Inc. (NYSE:BMS) traded up 0.35% during mid-day trading on Friday, reaching $42.43. The company had a trading volume of 634,975 shares. The firm’s 50 day moving average price is $45.82 and its 200-day moving average price is $47.21. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 19.14 and a beta of 0.90. Bemis Company, Inc. has a 12 month low of $42.13 and a 12 month high of $53.10.
Bemis (NYSE:BMS) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.08. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. Bemis had a net margin of 5.18% and a return on equity of 18.53%. Bemis’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 EPS. Equities research analysts anticipate that Bemis Company, Inc. will post $2.37 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 17th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Tuesday, August 15th. Bemis’s payout ratio is 54.30%.
A number of brokerages recently weighed in on BMS. Royal Bank Of Canada dropped their price objective on Bemis from $46.00 to $41.00 and set an “underperform” rating on the stock in a research report on Friday, April 28th. SunTrust Banks, Inc. downgraded Bemis from a “buy” rating to a “hold” rating and dropped their price objective for the company from $55.00 to $49.00 in a research report on Friday, April 28th. BidaskClub raised Bemis from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Jefferies Group LLC dropped their price objective on Bemis from $46.00 to $40.00 and set a “hold” rating on the stock in a research report on Tuesday, May 2nd. Finally, Deutsche Bank AG decreased their price target on Bemis from $52.00 to $48.00 and set a “hold” rating for the company in a research note on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $49.44.
Bemis Company Profile
Bemis Company, Inc is a manufacturer of packaging products. The Company operates through two segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment represents all food, consumer, and industrial products packaging-related manufacturing operations located in the United States. The Global Packaging segment includes all packaging-related manufacturing operations located outside of the United States, as well as global medical device and pharmaceutical packaging-related manufacturing operations.
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