LMR Partners LLP bought a new stake in shares of Bemis Company, Inc. (NYSE:BMS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,657 shares of the industrial products company’s stock, valued at approximately $585,000.
Other hedge funds have also made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of Bemis during the first quarter valued at $116,000. NEXT Financial Group Inc increased its stake in shares of Bemis by 31.3% in the second quarter. NEXT Financial Group Inc now owns 2,935 shares of the industrial products company’s stock valued at $136,000 after buying an additional 700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Bemis by 33.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,375 shares of the industrial products company’s stock valued at $165,000 after buying an additional 846 shares in the last quarter. Ffcm LLC increased its stake in shares of Bemis by 4.3% in the first quarter. Ffcm LLC now owns 3,724 shares of the industrial products company’s stock valued at $182,000 after buying an additional 154 shares in the last quarter. Finally, Sullivan Bruyette Speros & Blaney LLC acquired a new stake in shares of Bemis during the first quarter valued at $203,000. Institutional investors own 80.34% of the company’s stock.
Bemis Company, Inc. (NYSE:BMS) opened at 41.94 on Monday. The company has a market cap of $3.81 billion, a PE ratio of 18.92 and a beta of 0.90. The stock’s 50 day moving average is $44.40 and its 200 day moving average is $46.54. Bemis Company, Inc. has a 12 month low of $41.20 and a 12 month high of $53.10.
Bemis (NYSE:BMS) last announced its earnings results on Thursday, July 27th. The industrial products company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.56 by $0.08. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. Bemis had a return on equity of 18.53% and a net margin of 5.18%. The business’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 EPS. Equities analysts predict that Bemis Company, Inc. will post $2.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.86%. Bemis’s payout ratio is 54.30%.
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BMS has been the subject of several recent analyst reports. UBS AG initiated coverage on Bemis in a research note on Tuesday, July 25th. They set a “buy” rating and a $55.00 target price for the company. TheStreet downgraded Bemis from a “b” rating to a “c+” rating in a research note on Thursday, July 27th. Barclays PLC raised their target price on Bemis from $43.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, May 1st. BidaskClub upgraded Bemis from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, BMO Capital Markets restated a “hold” rating and set a $48.00 target price on shares of Bemis in a research note on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target 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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