Bemis (BMS) Raised to “B-” at TheStreet
Several other analysts have also recently commented on the stock. Citigroup reiterated a hold rating on shares of Bemis in a research report on Thursday, August 31st. Bank of America upgraded shares of Bemis from an underperform rating to a neutral rating and upped their target price for the company from $46.00 to $51.00 in a research report on Friday, September 15th. Barclays boosted their price target on shares of Bemis from $50.00 to $52.00 and gave the company an overweight rating in a report on Monday, October 30th. SunTrust Banks reissued a hold rating and issued a $47.00 price target (down previously from $49.00) on shares of Bemis in a report on Thursday, September 14th. Finally, KeyCorp reissued a hold rating on shares of Bemis in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $48.60.
Shares of Bemis (NYSE:BMS) opened at $47.08 on Wednesday. The company has a market cap of $4,330.00, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 2.80 and a beta of 0.96. Bemis has a 1 year low of $40.60 and a 1 year high of $51.98. The company has a current ratio of 1.80, a quick ratio of 0.91 and a debt-to-equity ratio of 1.20.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Tuesday, November 14th. Bemis’s dividend payout ratio (DPR) is 56.87%.
Several hedge funds have recently made changes to their positions in BMS. Marshall Wace North America L.P. grew its holdings in shares of Bemis by 1,361.1% in the 2nd quarter. Marshall Wace North America L.P. now owns 666,999 shares of the industrial products company’s stock valued at $30,682,000 after buying an additional 621,350 shares during the period. Alyeska Investment Group L.P. acquired a new position in shares of Bemis in the 3rd quarter valued at $13,671,000. PGGM Investments boosted its stake in Bemis by 169.4% in the 3rd quarter. PGGM Investments now owns 366,664 shares of the industrial products company’s stock worth $16,709,000 after purchasing an additional 230,554 shares during the period. Epoch Investment Partners Inc. boosted its stake in Bemis by 63.6% in the 2nd quarter. Epoch Investment Partners Inc. now owns 552,534 shares of the industrial products company’s stock worth $25,555,000 after purchasing an additional 214,801 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Bemis by 28.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 632,205 shares of the industrial products company’s stock worth $28,807,000 after purchasing an additional 141,746 shares during the period. 75.89% of the stock is owned by institutional investors.
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Bemis Company Profile
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.
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