First Trust Advisors LP lessened its position in Bemis Company, Inc. (NYSE:BMS) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 571,913 shares of the industrial products company’s stock after selling 13,589 shares during the quarter. First Trust Advisors LP owned approximately 0.63% of Bemis worth $26,062,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BMS. IHT Wealth Management LLC raised its stake in Bemis by 0.7% during the 2nd quarter. IHT Wealth Management LLC now owns 731 shares of the industrial products company’s stock valued at $211,000 after acquiring an additional 5 shares during the last quarter. NEXT Financial Group Inc grew its holdings in shares of Bemis by 31.3% in the 2nd quarter. NEXT Financial Group Inc now owns 2,935 shares of the industrial products company’s stock worth $136,000 after acquiring an additional 700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Bemis by 6.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,576 shares of the industrial products company’s stock worth $165,000 after acquiring an additional 201 shares during the period. Ffcm LLC grew its holdings in shares of Bemis by 6.4% in the 2nd quarter. Ffcm LLC now owns 3,962 shares of the industrial products company’s stock worth $183,000 after acquiring an additional 238 shares during the period. Finally, Acrospire Investment Management LLC acquired a new stake in shares of Bemis in the 2nd quarter worth approximately $194,000. 75.76% of the stock is owned by hedge funds and other institutional investors.
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Bemis Company, Inc. (NYSE:BMS) traded down $0.40 during midday trading on Friday, reaching $43.14. 586,684 shares of the company’s stock traded hands, compared to its average volume of 672,825. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.91 and a current ratio of 1.80. Bemis Company, Inc. has a 12-month low of $40.60 and a 12-month high of $51.98. The stock has a market cap of $3,953.65, a PE ratio of 17.92, a price-to-earnings-growth ratio of 2.62 and a beta of 0.94.
Bemis (NYSE:BMS) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.65 by $0.05. Bemis had a net margin of 4.84% and a return on equity of 17.83%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company posted $0.75 EPS. Bemis’s revenue was up .8% on a year-over-year basis. equities research analysts expect that Bemis Company, Inc. will post 2.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.78%. Bemis’s payout ratio is currently 57.14%.
A number of brokerages have commented on BMS. TheStreet cut Bemis from a “b” rating to a “c+” rating in a report on Thursday, July 27th. Robert W. Baird reaffirmed a “hold” rating and issued a $48.00 target price on shares of Bemis in a research report on Friday, September 1st. UBS AG began coverage on Bemis in a research report on Tuesday, July 25th. They issued a “buy” rating and a $55.00 price objective on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $44.00 price target (down from $45.00) on shares of Bemis in a research note on Tuesday, August 1st. Finally, Zacks Investment Research upgraded Bemis from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $48.60.
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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