BlackRock Inc. lifted its holdings in shares of Bemis Company, Inc. (NYSE:BMS) by 3.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,116,114 shares of the industrial products company’s stock after buying an additional 251,337 shares during the period. BlackRock Inc. owned about 8.92% of Bemis worth $353,213,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of BMS. American Century Companies Inc. raised its stake in shares of Bemis by 13.1% during the 1st quarter. American Century Companies Inc. now owns 5,816,446 shares of the industrial products company’s stock worth $253,132,000 after buying an additional 675,541 shares in the last quarter. AXA raised its stake in shares of Bemis by 1,038.3% during the 4th quarter. AXA now owns 368,824 shares of the industrial products company’s stock worth $17,626,000 after buying an additional 336,424 shares in the last quarter. NWQ Investment Management Company LLC purchased a new position in shares of Bemis during the 4th quarter worth approximately $13,728,000. Segall Bryant & Hamill LLC raised its stake in shares of Bemis by 41.0% during the 4th quarter. Segall Bryant & Hamill LLC now owns 575,520 shares of the industrial products company’s stock worth $27,504,000 after buying an additional 167,370 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Bemis during the 4th quarter worth approximately $6,299,000. 75.30% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on BMS. Zacks Investment Research raised Bemis from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Thursday, April 5th. Citigroup dropped their price objective on Bemis from $49.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, April 5th. KeyCorp reaffirmed a “hold” rating on shares of Bemis in a research note on Thursday, April 26th. TheStreet raised Bemis from a “c” rating to a “b-” rating in a research note on Thursday, April 26th. Finally, Bank of America raised Bemis from an “underperform” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Monday, April 2nd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Bemis presently has an average rating of “Hold” and an average price target of $49.00.
NYSE BMS opened at $42.69 on Friday. Bemis Company, Inc. has a 1-year low of $40.60 and a 1-year high of $49.84. The company has a market capitalization of $3.86 billion, a P/E ratio of 17.86, a PEG ratio of 2.17 and a beta of 0.84. The company has a quick ratio of 0.96, a current ratio of 1.88 and a debt-to-equity ratio of 1.25.
Bemis (NYSE:BMS) last released its quarterly earnings data on Thursday, April 26th. The industrial products company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. Bemis had a return on equity of 17.91% and a net margin of 2.22%. Bemis’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business posted $0.58 EPS. equities research analysts expect that Bemis Company, Inc. will post 2.79 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Thursday, May 17th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Wednesday, May 16th. This is a boost from Bemis’s previous quarterly dividend of $0.30. Bemis’s dividend payout ratio is 51.88%.
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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