Bank of Montreal Can grew its holdings in Bemis Company, Inc. (NYSE:BMS) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,436 shares of the industrial products company’s stock after purchasing an additional 1,594 shares during the period. Bank of Montreal Can’s holdings in Bemis were worth $5,026,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Cerebellum GP LLC purchased a new position in shares of Bemis in the 3rd quarter worth $187,000. Private Trust Co. NA purchased a new position in shares of Bemis in the 3rd quarter worth $209,000. First Interstate Bank boosted its stake in shares of Bemis by 50.7% in the 2nd quarter. First Interstate Bank now owns 4,386 shares of the industrial products company’s stock worth $185,000 after buying an additional 1,476 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Bemis by 24.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,481 shares of the industrial products company’s stock worth $231,000 after buying an additional 1,075 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Bemis in the 1st quarter worth $240,000. 76.74% of the stock is owned by institutional investors and hedge funds.
BMS has been the topic of a number of research reports. Zacks Investment Research downgraded Bemis from a “hold” rating to a “sell” rating in a research note on Monday, October 1st. Barclays dropped their price target on Bemis from $55.00 to $52.00 and set an “overweight” rating on the stock in a research note on Monday. Jefferies Financial Group restated a “hold” rating and issued a $54.00 price target on shares of Bemis in a research note on Tuesday, August 7th. UBS Group set a $49.00 price target on Bemis and gave the stock a “hold” rating in a research note on Friday, October 26th. Finally, Robert W. Baird restated a “hold” rating and issued a $57.00 price target (up from $48.00) on shares of Bemis in a research note on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $49.50.
NYSE BMS opened at $46.32 on Friday. The firm has a market cap of $4.13 billion, a P/E ratio of 19.38, a P/E/G ratio of 2.21 and a beta of 0.92. The company has a current ratio of 1.78, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. Bemis Company, Inc. has a fifty-two week low of $40.86 and a fifty-two week high of $53.00.
Bemis (NYSE:BMS) last released its earnings results on Thursday, October 25th. The industrial products company reported $0.77 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.77. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. Bemis had a return on equity of 20.61% and a net margin of 2.72%. On average, equities research analysts anticipate that Bemis Company, Inc. will post 2.8 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.68%. Bemis’s dividend payout ratio (DPR) is presently 51.88%.
Bemis Company Profile
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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