Community Bank N.A. Has $765,000 Position in Bemis Company, Inc. (BMS)
Community Bank N.A. cut its stake in shares of Bemis Company, Inc. (NYSE:BMS) by 1.8% during the second quarter, Holdings Channel reports. The firm owned 16,550 shares of the industrial products company’s stock after selling 300 shares during the period. Community Bank N.A.’s holdings in Bemis were worth $765,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC bought a new position in shares of Bemis during the first quarter valued at about $116,000. NEXT Financial Group Inc boosted its position in shares of Bemis by 31.3% in the second quarter. NEXT Financial Group Inc now owns 2,935 shares of the industrial products company’s stock valued at $136,000 after buying an additional 700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Bemis by 33.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,375 shares of the industrial products company’s stock valued at $165,000 after buying an additional 846 shares during the period. Ffcm LLC boosted its position in shares of Bemis by 4.3% in the first quarter. Ffcm LLC now owns 3,724 shares of the industrial products company’s stock valued at $182,000 after buying an additional 154 shares during the period. Finally, Americafirst Capital Management LLC bought a new position in shares of Bemis during the first quarter valued at about $202,000. 80.34% of the stock is owned by institutional investors and hedge funds.
Bemis Company, Inc. (NYSE:BMS) opened at 41.95 on Wednesday. Bemis Company, Inc. has a one year low of $41.20 and a one year high of $53.10. The firm’s 50 day moving average price is $44.83 and its 200-day moving average price is $46.65. The firm has a market cap of $3.81 billion, a PE ratio of 18.92 and a beta of 0.90.
Bemis (NYSE:BMS) last announced 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 business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the firm posted $0.67 EPS. Bemis’s revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts predict that Bemis Company, Inc. will post $2.37 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 17th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Tuesday, August 15th. Bemis’s dividend payout ratio is presently 54.30%.
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Several equities analysts have recently issued reports on the company. Jefferies Group LLC reissued a “hold” rating and issued a $44.00 price objective (down previously from $45.00) on shares of Bemis in a report on Tuesday, August 1st. UBS AG assumed coverage on Bemis in a report on Tuesday, July 25th. They issued a “buy” rating and a $55.00 price target for the company. Royal Bank Of Canada reaffirmed a “sell” rating on shares of Bemis in a report on Thursday, July 6th. Barclays PLC reaffirmed a “hold” rating and issued a $43.00 price target on shares of Bemis in a report on Tuesday, May 2nd. Finally, BidaskClub raised Bemis from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average 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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