KBC Group NV lessened its holdings in Bemis Company, Inc. (NYSE:BMS) by 14.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,397 shares of the industrial products company’s stock after selling 3,103 shares during the quarter. KBC Group NV’s holdings in Bemis were worth $838,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Bemis by 6.0% during the 2nd 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 period. Ffcm LLC grew its stake in Bemis by 6.4% during the 2nd quarter. Ffcm LLC now owns 3,962 shares of the industrial products company’s stock valued at $183,000 after acquiring an additional 238 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in shares of Bemis in the 2nd quarter valued at approximately $194,000. IHT Wealth Management LLC lifted its holdings in Bemis by 0.7% in the 2nd quarter. IHT Wealth Management LLC now owns 731 shares of the industrial products company’s stock worth $211,000 after purchasing an additional 5 shares during the last quarter. Finally, Heartland Advisors Inc. acquired a new stake in Bemis in the 3rd quarter worth approximately $212,000. 75.89% of the stock is owned by hedge funds and other institutional investors.
Bemis Company, Inc. (NYSE BMS) opened at $46.50 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.80 and a quick ratio of 0.91. The firm has a market capitalization of $4,291.44, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96. Bemis Company, Inc. has a one year low of $40.60 and a one year high of $51.98.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were issued a $0.30 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $1.20 annualized dividend and a yield of 2.58%. Bemis’s dividend payout ratio is presently 57.14%.
A number of research analysts have recently commented on the company. KeyCorp reiterated a “hold” rating on shares of Bemis in a report on Friday, October 13th. Citigroup restated a “hold” rating on shares of Bemis in a research note on Thursday, August 31st. Bank of America upgraded Bemis from an “underperform” rating to a “neutral” rating and upped their price target for the company from $46.00 to $51.00 in a research report on Friday, September 15th. Barclays increased their target price on Bemis from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. Finally, SunTrust Banks 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. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $48.60.
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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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