Bemis Company, Inc. (BMS) Holdings Cut by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI lowered its stake in shares of Bemis Company, Inc. (NYSE:BMS) by 43.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,000 shares of the industrial products company’s stock after selling 13,780 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Bemis were worth $833,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Sigma Planning Corp boosted its holdings in Bemis by 0.5% during the second quarter. Sigma Planning Corp now owns 13,484 shares of the industrial products company’s stock worth $624,000 after buying an additional 63 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its holdings in Bemis by 2.3% during the first quarter. Stonebridge Capital Advisors LLC now owns 4,604 shares of the industrial products company’s stock worth $225,000 after buying an additional 104 shares during the last quarter. Advantus Capital Management Inc boosted its holdings in Bemis by 1.6% during the first quarter. Advantus Capital Management Inc now owns 11,837 shares of the industrial products company’s stock worth $578,000 after buying an additional 191 shares during the last quarter. Texas Permanent School Fund boosted its holdings in Bemis by 0.3% during the second quarter. Texas Permanent School Fund now owns 67,134 shares of the industrial products company’s stock worth $3,105,000 after buying an additional 199 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Bemis by 6.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,576 shares of the industrial products company’s stock worth $165,000 after buying an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 75.66% of the company’s stock.

A number of brokerages have issued reports on BMS. SunTrust Banks, Inc. restated a “hold” rating and set a $47.00 target price (down previously from $49.00) on shares of Bemis in a report on Thursday, September 14th. BidaskClub cut Bemis from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Bank of America Corporation upgraded Bemis from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $46.00 to $51.00 in a report on Friday, September 15th. Royal Bank Of Canada restated a “sell” rating on shares of Bemis in a report on Thursday, July 6th. Finally, Barclays PLC upgraded Bemis from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $43.00 to $54.00 in a report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $48.80.

Shares of Bemis Company, Inc. (NYSE BMS) opened at 46.92 on Wednesday. The stock’s 50 day moving average price is $45.33 and its 200-day moving average price is $45.51. Bemis Company, Inc. has a 52-week low of $40.60 and a 52-week high of $51.98. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 21.16 and a beta of 0.90.

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). Bemis had a net margin of 5.18% and a return on equity of 18.53%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company earned $0.67 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. On average, analysts forecast that Bemis Company, Inc. will post $2.37 EPS for the current year.

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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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Institutional Ownership by Quarter for Bemis (NYSE:BMS)

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