Shares of Bemis Company, Inc. (NYSE:BMS) saw unusually-high trading volume on Friday . Approximately 1,688,246 shares changed hands during trading, an increase of 141% from the previous session’s volume of 701,918 shares.The stock last traded at $48.38 and had previously closed at $48.30.

BMS has been the topic of a number of research analyst reports. Jefferies Financial Group restated a “hold” rating and issued a $54.00 target price on shares of Bemis in a research note on Tuesday, August 7th. Robert W. Baird restated a “hold” rating and issued a $57.00 target price (up from $48.00) on shares of Bemis in a research note on Monday, August 6th. ValuEngine upgraded shares of Bemis from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. TheStreet downgraded shares of Bemis from a “b-” rating to a “c” rating in a research note on Tuesday, May 29th. Finally, Royal Bank of Canada upgraded shares of Bemis from an “underperform” rating to a “sector perform” rating and upped their target price for the stock from $44.00 to $46.00 in a research note on Wednesday, August 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $50.30.

The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 20.24, a P/E/G ratio of 2.47 and a beta of 0.90. The company has a current ratio of 1.86, a quick ratio of 0.94 and a debt-to-equity ratio of 1.29.

Bemis (NYSE:BMS) last announced its quarterly earnings results on Thursday, July 26th. The industrial products company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. Bemis had a net margin of 2.66% and a return on equity of 19.70%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the company earned $0.48 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. analysts predict that Bemis Company, Inc. will post 2.8 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Thursday, August 16th were given a $0.31 dividend. The ex-dividend date was Wednesday, August 15th. This represents a $1.24 annualized dividend and a dividend yield of 2.56%. Bemis’s payout ratio is presently 51.88%.

Several institutional investors and hedge funds have recently made changes to their positions in BMS. Starboard Value LP lifted its position in shares of Bemis by 48.7% in the 2nd quarter. Starboard Value LP now owns 2,959,487 shares of the industrial products company’s stock worth $124,920,000 after purchasing an additional 969,737 shares during the period. Farallon Capital Management LLC lifted its position in shares of Bemis by 837.5% in the 1st quarter. Farallon Capital Management LLC now owns 562,500 shares of the industrial products company’s stock worth $24,480,000 after purchasing an additional 502,500 shares during the period. Deprince Race & Zollo Inc. lifted its position in shares of Bemis by 27.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 2,130,269 shares of the industrial products company’s stock worth $89,919,000 after purchasing an additional 454,372 shares during the period. American Century Companies Inc. lifted its position in shares of Bemis by 6.0% in the 2nd quarter. American Century Companies Inc. now owns 6,167,279 shares of the industrial products company’s stock worth $260,321,000 after purchasing an additional 350,833 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of Bemis by 101.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 682,190 shares of the industrial products company’s stock worth $28,791,000 after purchasing an additional 343,702 shares during the period. 77.31% of the stock is owned by hedge funds and other institutional investors.

About Bemis (NYSE:BMS)

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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