LaSalle Street Capital Management LLC acquired a new stake in Bemis Company, Inc. (NYSE:BMS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 9,242 shares of the industrial products company’s stock, valued at approximately $421,000.
Several other large investors have also modified their holdings of BMS. IHT Wealth Management LLC lifted its stake in Bemis by 0.7% in the second quarter. IHT Wealth Management LLC now owns 731 shares of the industrial products company’s stock valued at $211,000 after buying an additional 5 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Bemis by 6.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,576 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 201 shares in the last quarter. Ffcm LLC lifted its position in shares of Bemis by 6.4% in the second quarter. Ffcm LLC now owns 3,962 shares of the industrial products company’s stock worth $183,000 after purchasing an additional 238 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in shares of Bemis in the second quarter worth $194,000. Finally, Heartland Advisors Inc. bought a new stake in shares of Bemis in the third quarter worth $212,000. Institutional investors own 75.80% of the company’s stock.
BMS has been the topic of a number of research reports. Citigroup reissued a “hold” rating on shares of Bemis in a research report on Thursday, August 31st. Bank of America raised shares of Bemis from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $46.00 to $51.00 in a research report on Friday, September 15th. Barclays boosted their target price on shares of Bemis from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. SunTrust Banks restated a “hold” rating and set a $47.00 target price (down from $49.00) on shares of Bemis in a report on Thursday, September 14th. Finally, KeyCorp restated a “hold” rating on shares of Bemis in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $48.60.
Shares of Bemis Company, Inc. (NYSE:BMS) traded up $0.16 during trading on Monday, hitting $46.67. 766,841 shares of the stock were exchanged, compared to its average volume of 835,797. Bemis Company, Inc. has a 52 week low of $40.60 and a 52 week high of $51.98. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.91 and a current ratio of 1.80. The company has a market capitalization of $4,260.00, a PE ratio of 19.14, a PEG ratio of 2.80 and a beta of 0.96.
Bemis (NYSE:BMS) last posted its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the business posted $0.75 earnings per share. Bemis’s revenue was up .8% compared to the same quarter last year. equities analysts anticipate that Bemis Company, Inc. will post 2.37 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.57%. Bemis’s dividend payout ratio (DPR) is currently 56.87%.
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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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