Bemis Company, Inc. (NYSE:BMS) Position Held by United Fire Group Inc.
United Fire Group Inc. maintained its stake in Bemis Company, Inc. (NYSE:BMS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,400 shares of the industrial products company’s stock at the end of the second quarter. United Fire Group Inc.’s holdings in Bemis were worth $1,452,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in BMS. Arizona State Retirement System increased its stake in Bemis by 0.8% in the second quarter. Arizona State Retirement System now owns 38,800 shares of the industrial products company’s stock valued at $1,795,000 after buying an additional 300 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Bemis by 2.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 438,993 shares of the industrial products company’s stock valued at $20,304,000 after buying an additional 11,850 shares during the period. Stoneridge Investment Partners LLC acquired a new stake in Bemis during the second quarter valued at approximately $312,000. Pictet Asset Management Ltd. increased its stake in Bemis by 3.3% in the second quarter. Pictet Asset Management Ltd. now owns 72,300 shares of the industrial products company’s stock valued at $3,228,000 after buying an additional 2,300 shares during the period. Finally, TD Asset Management Inc. increased its stake in Bemis by 5.7% in the second quarter. TD Asset Management Inc. now owns 10,745 shares of the industrial products company’s stock valued at $497,000 after buying an additional 579 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of Bemis Company, Inc. (BMS) opened at 41.58 on Friday. The stock’s 50 day moving average price is $45.19 and its 200 day moving average price is $46.89. Bemis Company, Inc. has a 12 month low of $41.54 and a 12 month high of $53.10. The company has a market capitalization of $3.78 billion, a PE ratio of 18.76 and a beta of 0.90.
Bemis (NYSE:BMS) last posted its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.08. Bemis had a net margin of 5.18% and a return on equity of 18.53%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts forecast that Bemis Company, Inc. will post $2.37 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.89%. Bemis’s payout ratio is currently 54.30%.
Several research firms have commented on BMS. Jefferies Group LLC reaffirmed a “hold” rating and set a $44.00 price objective (down from $45.00) on shares of Bemis in a report on Tuesday, August 1st. TheStreet downgraded shares of Bemis from a “b” rating to a “c+” rating in a report on Thursday, July 27th. UBS AG began coverage on shares of Bemis in a report on Tuesday, July 25th. They set a “buy” rating and a $55.00 price objective on the stock. BidaskClub downgraded shares of Bemis from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Royal Bank Of Canada reaffirmed a “sell” rating on shares of Bemis in a report on Thursday, July 6th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Bemis has an average rating of “Hold” and a consensus price target 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.
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