Sei Investments Co. boosted its position in shares of Bemis Company, Inc. (NYSE:BMS) by 19.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 317,428 shares of the industrial products company’s stock after buying an additional 51,551 shares during the period. Sei Investments Co.’s holdings in Bemis were worth $15,377,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MAI Capital Management purchased a new position in shares of Bemis in the 4th quarter valued at $204,000. Private Trust Co. NA purchased a new position in shares of Bemis in the 4th quarter valued at $205,000. Heartland Advisors Inc. purchased a new position in shares of Bemis in the 3rd quarter valued at $212,000. Janus Henderson Group PLC purchased a new position in shares of Bemis in the 2nd quarter valued at $222,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Bemis by 28.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,009 shares of the industrial products company’s stock valued at $239,000 after acquiring an additional 1,118 shares during the period. Institutional investors own 76.82% of the company’s stock.
Shares of Bemis Company, Inc. (NYSE BMS) opened at $45.64 on Wednesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.86 and a quick ratio of 0.93. The firm has a market capitalization of $4,174.31, a price-to-earnings ratio of 44.75, a PEG ratio of 2.34 and a beta of 0.86. Bemis Company, Inc. has a 52-week low of $40.60 and a 52-week high of $50.47.
Bemis (NYSE:BMS) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $978.34 million. Bemis had a return on equity of 17.52% and a net margin of 2.32%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. research analysts expect that Bemis Company, Inc. will post 2.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th will be given a $0.30 dividend. The ex-dividend date is Friday, February 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.63%. Bemis’s payout ratio is 121.57%.
BMS has been the topic of a number of analyst reports. SunTrust Banks reiterated a “hold” rating and issued a $46.00 price target on shares of Bemis in a report on Wednesday, January 31st. Barclays lifted their price target on Bemis from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, October 30th. TheStreet downgraded Bemis from a “b-” rating to a “c” rating in a report on Thursday, February 1st. Bank of America lifted their price target on Bemis from $52.00 to $53.00 and gave the company an “underperform” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research downgraded Bemis from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $48.40.
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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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