Russell Investments Group Ltd. boosted its holdings in Bemis Company, Inc. (NYSE:BMS) by 18.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 126,613 shares of the industrial products company’s stock after buying an additional 19,666 shares during the quarter. Russell Investments Group Ltd. owned 0.14% of Bemis worth $5,769,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. IHT Wealth Management LLC increased its position in shares of Bemis by 0.7% during the 2nd quarter. IHT Wealth Management LLC now owns 731 shares of the industrial products company’s stock valued at $211,000 after purchasing an additional 5 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Bemis by 6.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,576 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 201 shares during the last quarter. Ffcm LLC increased its position in shares of Bemis by 6.4% during the 2nd quarter. Ffcm LLC now owns 3,962 shares of the industrial products company’s stock valued at $183,000 after purchasing an additional 238 shares during the last quarter. Acrospire Investment Management LLC purchased a new stake in shares of Bemis during the 2nd quarter valued at about $194,000. Finally, Heartland Advisors Inc. purchased a new stake in shares of Bemis during the 3rd quarter valued at about $212,000. 75.89% of the stock is owned by institutional investors and hedge funds.

Bemis Company, Inc. (BMS) opened at $47.29 on Monday. Bemis Company, Inc. has a 52 week low of $40.60 and a 52 week high of $51.98. The company has a quick ratio of 0.91, a current ratio of 1.80 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $4,294.17, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96.

Bemis (NYSE:BMS) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.05. Bemis had a return on equity of 17.83% and a net margin of 4.84%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the company posted $0.75 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. equities analysts anticipate that Bemis Company, Inc. will post 2.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.20 annualized dividend and a yield of 2.54%. Bemis’s payout ratio is 57.14%.

Several research firms have recently commented on BMS. SunTrust Banks reaffirmed a “hold” rating and set a $47.00 price target (down previously from $49.00) on shares of Bemis in a research report on Thursday, September 14th. Bank of America raised shares of Bemis from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $46.00 to $51.00 in a report on Friday, September 15th. Zacks Investment Research raised shares of Bemis from a “sell” rating to a “hold” rating in a report on Monday, October 16th. KeyCorp reissued a “hold” rating on shares of Bemis in a report on Friday, October 13th. Finally, Barclays increased their target price on shares of Bemis from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. Two investment 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’s stock. Bemis presently has a consensus rating of “Hold” and an average target price of $48.60.

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Bemis 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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Institutional Ownership by Quarter for Bemis (NYSE:BMS)

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