Xact Kapitalforvaltning AB acquired a new position in Bemis Company, Inc. (NYSE:BMS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,260 shares of the industrial products company’s stock, valued at approximately $395,000.
Other large investors have also modified their holdings of the company. American Century Companies Inc. lifted its position in Bemis by 6.9% during the 4th quarter. American Century Companies Inc. now owns 5,140,905 shares of the industrial products company’s stock worth $245,684,000 after acquiring an additional 330,277 shares during the last quarter. Deprince Race & Zollo Inc. lifted its position in Bemis by 93.8% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,315,591 shares of the industrial products company’s stock worth $62,872,000 after acquiring an additional 636,623 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Bemis by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,257,392 shares of the industrial products company’s stock worth $60,092,000 after acquiring an additional 8,240 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Bemis by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,201,776 shares of the industrial products company’s stock worth $54,763,000 after acquiring an additional 21,541 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Bemis by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 756,151 shares of the industrial products company’s stock worth $36,136,000 after acquiring an additional 2,546 shares during the last quarter. Hedge funds and other institutional investors own 77.47% of the company’s stock.
Shares of BMS opened at $43.63 on Friday. The stock has a market cap of $3,969.28, a PE ratio of 18.26, a P/E/G ratio of 2.22 and a beta of 0.84. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.86 and a quick ratio of 0.93. Bemis Company, Inc. has a 52 week low of $40.60 and a 52 week high of $50.47.
Bemis (NYSE:BMS) last announced 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 business had revenue of $1 billion during the quarter, compared to analyst estimates of $978.34 million. Bemis had a net margin of 2.32% and a return on equity of 17.52%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share. equities analysts predict that Bemis Company, Inc. will post 2.81 EPS for the current year.
A number of research analysts have weighed in on BMS shares. TheStreet raised shares of Bemis from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. Zacks Investment Research lowered shares of Bemis from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. SunTrust Banks reissued a “hold” rating and set a $46.00 target price on shares of Bemis in a research report on Wednesday, January 31st. Bank of America upped their price objective on shares of Bemis from $52.00 to $53.00 and gave the company an “underperform” rating in a research report on Friday, February 2nd. Finally, Credit Suisse Group upped their price objective on shares of Bemis from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $48.08.
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Bemis Company, Inc manufactures and sells packaging products in the United States, Brazil, other Americas, Europe, and the Asia-Pacific. It operates through three segments: U.S. Packaging, Latin America Packaging, and Rest of World Packaging. The company offers multilayer polymer, blown, and cast film structures; and injection molded plastic, thermoformed plastic, and folding carton packaging products.
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