Bemis Company, Inc. (NYSE:BMS) Position Cut by Aperio Group LLC
Aperio Group LLC cut its stake in shares of Bemis Company, Inc. (NYSE:BMS) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,190 shares of the industrial products company’s stock after selling 2,507 shares during the period. Aperio Group LLC’s holdings in Bemis were worth $1,813,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of BMS. Quadrature Capital Ltd bought a new stake in shares of Bemis during the fourth quarter valued at about $390,000. Creative Planning increased its stake in Bemis by 1.0% in the first quarter. Creative Planning now owns 12,488 shares of the industrial products company’s stock worth $610,000 after buying an additional 122 shares during the last quarter. Americafirst Capital Management LLC acquired a new stake in Bemis during the first quarter worth $202,000. Cullinan Associates Inc. acquired a new stake in Bemis during the first quarter worth $417,000. Finally, Louisiana State Employees Retirement System increased its stake in Bemis by 0.4% in the first quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the industrial products company’s stock worth $1,138,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.
Shares of Bemis Company, Inc. (NYSE:BMS) traded down 1.035% during mid-day trading on Thursday, hitting $41.605. 272,292 shares of the company were exchanged. Bemis Company, Inc. has a 52 week low of $41.54 and a 52 week high of $53.10. The company has a 50 day moving average of $45.29 and a 200 day moving average of $46.93. The company has a market capitalization of $3.78 billion, a P/E ratio of 18.766 and a beta of 0.90.
Bemis (NYSE:BMS) last announced its earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.08. The business 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%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 earnings per share. Equities analysts anticipate that Bemis Company, Inc. will post $2.37 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.85%. The ex-dividend date is Tuesday, August 15th. Bemis’s dividend payout ratio is currently 54.30%.
COPYRIGHT VIOLATION NOTICE: “Bemis Company, Inc. (NYSE:BMS) Position Cut by Aperio Group LLC” was posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.watchlistnews.com/bemis-company-inc-nysebms-position-cut-by-aperio-group-llc/1471266.html.
BMS has been the subject of a number of analyst reports. Citigroup Inc. reiterated a “buy” rating on shares of Bemis in a research report on Friday, April 14th. UBS AG initiated coverage on shares of Bemis in a research note on Tuesday, July 25th. They set a “buy” rating and a $55.00 target price on the stock. TheStreet cut shares of Bemis from a “b” rating to a “c+” rating in a research note on Thursday, July 27th. Barclays PLC boosted their target price on shares of Bemis from $43.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, May 1st. Finally, BidaskClub raised shares of Bemis from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.44.
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.