Bemis Company, Inc. (BMS) Shares Bought by Nuance Investments LLC
Nuance Investments LLC raised its stake in Bemis Company, Inc. (NYSE:BMS) by 22.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 158,085 shares of the industrial products company’s stock after purchasing an additional 29,061 shares during the quarter. Nuance Investments LLC owned 0.17% of Bemis worth $7,204,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Bemis by 6.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,576 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 201 shares during the last quarter. Ffcm LLC raised its holdings in shares of Bemis by 6.4% in the second quarter. Ffcm LLC now owns 3,962 shares of the industrial products company’s stock worth $183,000 after acquiring an additional 238 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in shares of Bemis in the second quarter worth $194,000. IHT Wealth Management LLC raised its holdings in shares of Bemis by 0.7% in the second quarter. IHT Wealth Management LLC now owns 731 shares of the industrial products company’s stock worth $211,000 after acquiring an additional 5 shares during the last quarter. Finally, Heartland Advisors Inc. acquired a new position in shares of Bemis in the third quarter worth $212,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Shares of Bemis Company, Inc. (NYSE BMS) opened at $45.42 on Monday. Bemis Company, Inc. has a 1 year low of $40.60 and a 1 year high of $51.98. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.91 and a current ratio of 1.80. The stock has a market capitalization of $4,124.36, a PE ratio of 18.69, a price-to-earnings-growth ratio of 2.74 and a beta of 0.94.
Bemis (NYSE:BMS) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the business earned $0.75 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. equities research analysts forecast that Bemis Company, Inc. will post 2.37 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Tuesday, November 14th. Bemis’s dividend payout ratio (DPR) is presently 57.14%.
Several equities analysts recently commented on BMS shares. Barclays PLC upped their target price on Bemis from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. Bank of America Corporation upgraded 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 note on Friday, September 15th. Zacks Investment Research upgraded Bemis from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Citigroup Inc. reiterated a “hold” rating on shares of Bemis in a research note on Thursday, August 31st. Finally, KeyCorp reiterated a “hold” rating on shares of Bemis in a research note 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 issued a buy rating to the stock. Bemis has a consensus rating of “Hold” and a consensus price target of $48.60.
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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