Stewart & Patten Co. LLC lowered its position in Bemis Company, Inc. (NYSE:BMS) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 236,915 shares of the industrial products company’s stock after selling 1,350 shares during the period. Bemis makes up approximately 2.0% of Stewart & Patten Co. LLC’s investment portfolio, making the stock its 24th biggest holding. Stewart & Patten Co. LLC owned approximately 0.26% of Bemis worth $11,322,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in BMS. North Star Asset Management Inc. raised its stake in shares of Bemis by 39.0% during the third quarter. North Star Asset Management Inc. now owns 27,818 shares of the industrial products company’s stock valued at $1,359,000 after acquiring an additional 7,800 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Bemis by 4.3% during the third quarter. Wells Fargo & Company MN now owns 157,748 shares of the industrial products company’s stock valued at $7,188,000 after buying an additional 6,456 shares during the period. Alyeska Investment Group L.P. purchased a new position in Bemis during the third quarter valued at approximately $13,671,000. LaSalle Street Capital Management LLC purchased a new position in Bemis during the third quarter valued at approximately $421,000. Finally, Nuance Investments LLC increased its holdings in Bemis by 22.5% during the third quarter. Nuance Investments LLC now owns 158,085 shares of the industrial products company’s stock valued at $7,204,000 after buying an additional 29,061 shares during the period. 77.32% of the stock is owned by institutional investors and hedge funds.
Shares of Bemis Company, Inc. (NYSE BMS) traded down $0.09 during trading on Tuesday, hitting $43.60. 30,149 shares of the company’s stock were exchanged, compared to its average volume of 603,052. The firm has a market capitalization of $3,959.10, a P/E ratio of 42.83, a P/E/G ratio of 2.22 and a beta of 0.86. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.93 and a current ratio of 1.86. Bemis Company, Inc. has a 1-year low of $40.60 and a 1-year high of $50.47.
Bemis (NYSE:BMS) last released its earnings results on Thursday, February 1st. The industrial products company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $978.34 million. Bemis had a net margin of 2.32% and a return on equity of 17.52%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 earnings per share. sell-side analysts expect that Bemis Company, Inc. will post 2.81 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, February 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.75%. Bemis’s dividend payout ratio is currently 117.65%.
Several equities analysts have issued reports on the stock. TheStreet raised shares of Bemis from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. KeyCorp reaffirmed a “hold” rating on shares of Bemis in a report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Bemis from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. SunTrust Banks reiterated a “hold” rating and set a $46.00 price objective on shares of Bemis in a research note on Wednesday, January 31st. Finally, Credit Suisse Group lifted their price objective on shares of Bemis from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $48.40.
TRADEMARK VIOLATION NOTICE: “Bemis Company, Inc. (NYSE:BMS) Stake Lowered by Stewart & Patten Co. LLC” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.dispatchtribunal.com/2018/02/13/stewart-patten-co-llc-reduces-position-in-bemis-company-inc-bms.html.
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.
Receive News & Ratings for Bemis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bemis and related companies with MarketBeat.com's FREE daily email newsletter.