State of Alaska Department of Revenue acquired a new stake in shares of Bemis Company, Inc. (NYSE:BMS) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 5,300 shares of the industrial products company’s stock, valued at approximately $253,000.
Several other large investors also recently added to or reduced their stakes in the stock. Private Trust Co. NA purchased a new position in shares of Bemis in the 4th quarter worth about $205,000. IHT Wealth Management LLC lifted its stake in Bemis by 0.7% in the 2nd 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. Heartland Advisors Inc. purchased a new position in Bemis in the 3rd quarter valued at about $212,000. Janus Henderson Group PLC purchased a new position in Bemis in the 2nd quarter valued at about $222,000. Finally, Bbva Compass Bancshares Inc. purchased a new position in Bemis in the 3rd quarter valued at about $237,000. Institutional investors own 77.32% of the company’s stock.
BMS has been the topic of a number of research reports. Barclays raised their price target on shares of Bemis from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. TheStreet raised shares of Bemis from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. Zacks Investment Research lowered shares of Bemis from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. SunTrust Banks reaffirmed a “hold” rating and issued a $46.00 price target on shares of Bemis in a research note on Wednesday, January 31st. Finally, Credit Suisse Group raised their price target on shares of Bemis from $42.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Four equities research 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. Bemis currently has a consensus rating of “Hold” and a consensus price target of $48.40.
Bemis Company, Inc. (NYSE BMS) traded up $0.17 during mid-day trading on Wednesday, reaching $44.02. 139,377 shares of the company’s stock were exchanged, compared to its average volume of 600,899. The firm has a market cap of $3,967.27, a P/E ratio of 42.99, a price-to-earnings-growth 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 12 month low of $40.60 and a 12 month high of $50.47.
Bemis (NYSE:BMS) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $978.34 million. Bemis had a net margin of 2.32% and a return on equity of 17.52%. Bemis’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. analysts anticipate that Bemis Company, Inc. will post 2.81 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.73%. Bemis’s dividend payout ratio is currently 117.65%.
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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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