NWQ Investment Management Company LLC raised its position in Bemis Company, Inc. (NYSE:BMS) by 44.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,034,992 shares of the industrial products company’s stock after acquiring an additional 319,208 shares during the quarter. NWQ Investment Management Company LLC owned approximately 1.14% of Bemis worth $50,301,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund lifted its stake in Bemis by 3.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 35,415 shares of the industrial products company’s stock worth $1,495,000 after acquiring an additional 1,023 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in Bemis by 3.9% in the second quarter. OppenheimerFunds Inc. now owns 28,009 shares of the industrial products company’s stock worth $1,182,000 after acquiring an additional 1,042 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Bemis by 24.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,481 shares of the industrial products company’s stock worth $231,000 after acquiring an additional 1,075 shares during the last quarter. Arizona State Retirement System lifted its stake in Bemis by 2.3% in the third quarter. Arizona State Retirement System now owns 64,625 shares of the industrial products company’s stock worth $3,141,000 after acquiring an additional 1,462 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in Bemis by 1.6% in the third quarter. Bank of Montreal Can now owns 103,436 shares of the industrial products company’s stock worth $5,026,000 after acquiring an additional 1,594 shares during the last quarter. Institutional investors own 73.34% of the company’s stock.
BMS has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Bemis from a “hold” rating to a “sell” rating in a research note on Monday, October 1st. Barclays decreased their price target on shares of Bemis from $55.00 to $52.00 and set an “overweight” rating for the company in a research note on Monday, October 29th. UBS Group set a $49.00 price objective on shares of Bemis and gave the stock a “hold” rating in a research report on Friday, October 26th. Finally, Royal Bank of Canada upgraded shares of Bemis from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from $44.00 to $46.00 in a research report on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Bemis currently has an average rating of “Hold” and a consensus price target of $49.50.
Shares of NYSE:BMS traded down $0.07 during trading on Friday, hitting $48.18. 349 shares of the company were exchanged, compared to its average volume of 504,872. The company has a market capitalization of $4.41 billion, a PE ratio of 20.17, a P/E/G ratio of 2.37 and a beta of 0.95. 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 12-month low of $40.86 and a 12-month high of $53.00.
Bemis (NYSE:BMS) last issued its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. Bemis had a net margin of 2.72% and a return on equity of 20.61%. As a group, equities research analysts predict that Bemis Company, Inc. will post 2.79 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $1.24 annualized dividend and a dividend yield of 2.57%. Bemis’s dividend payout ratio is presently 51.88%.
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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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