Advisor Group Inc. Has $176,000 Position in Bemis Company, Inc. (BMS)
Advisor Group Inc. lowered its holdings in Bemis Company, Inc. (NYSE:BMS) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,845 shares of the industrial products company’s stock after selling 173 shares during the period. Advisor Group Inc.’s holdings in Bemis were worth $176,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. NEXT Financial Group Inc grew its position in Bemis by 31.3% in the second quarter. NEXT Financial Group Inc now owns 2,935 shares of the industrial products company’s stock valued at $136,000 after purchasing an additional 700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Bemis by 6.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,576 shares of the industrial products company’s stock valued at $165,000 after acquiring an additional 201 shares during the last quarter. Ffcm LLC lifted its stake in Bemis by 6.4% in the second quarter. Ffcm LLC now owns 3,962 shares of the industrial products company’s stock valued at $183,000 after acquiring an additional 238 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in Bemis in the second quarter valued at $194,000. Finally, MAI Capital Management acquired a new stake in Bemis in the second quarter valued at $223,000. 75.65% of the stock is owned by institutional investors and hedge funds.
Shares of Bemis Company, Inc. (NYSE:BMS) opened at 47.15 on Friday. Bemis Company, Inc. has a 1-year low of $40.60 and a 1-year high of $51.98. The firm has a market cap of $4.28 billion, a PE ratio of 21.27 and a beta of 0.90. The stock’s 50 day moving average is $46.44 and its 200-day moving average is $45.43.
Bemis (NYSE:BMS) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.08). The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. Bemis had a net margin of 5.18% and a return on equity of 18.53%. Bemis’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. Analysts expect that Bemis Company, Inc. will post $2.36 earnings per share for the current year.
BMS has been the subject of a number of recent analyst reports. Citigroup Inc. reiterated a “hold” rating on shares of Bemis in a research note on Thursday, August 31st. Bank of America Corporation upgraded shares of Bemis from an “underperform” rating to a “neutral” rating and increased their price target for the company from $46.00 to $51.00 in a research note on Friday, September 15th. Barclays PLC upgraded shares of Bemis from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $43.00 to $54.00 in a research note on Tuesday, June 27th. TheStreet cut shares of Bemis from a “b” rating to a “c+” rating in a research note on Thursday, July 27th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $47.00 price target (down previously from $49.00) on shares of Bemis in a research note on Thursday, September 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Bemis has an average rating of “Hold” and an average price target of $48.80.
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.
Want to see what other hedge funds are holding BMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bemis Company, Inc. (NYSE:BMS).
Receive News & Ratings for Bemis Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bemis Company Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.