Country Club Trust Company n.a. Increases Position in Bemis Company, Inc. (BMS)
Country Club Trust Company n.a. boosted its stake in Bemis Company, Inc. (NYSE:BMS) by 0.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 124,573 shares of the industrial products company’s stock after buying an additional 818 shares during the period. Country Club Trust Company n.a. owned approximately 0.14% of Bemis worth $6,911,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in BMS. MML Investors Services LLC acquired a new position in Bemis in the 3rd quarter valued at about $233,000. Panagora Asset Management Inc. grew its position in shares of Bemis by 241.5% during the 3rd quarter. Panagora Asset Management Inc. now owns 15,491 shares of the industrial products company’s stock worth $753,000 after purchasing an additional 10,955 shares in the last quarter. AMP Capital Investors Ltd acquired a new position in shares of Bemis during the 3rd quarter worth approximately $582,000. Tower Research Capital LLC TRC grew its position in shares of Bemis by 740.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,527 shares of the industrial products company’s stock worth $415,000 after purchasing an additional 7,512 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Bemis by 18.4% during the 3rd quarter. Renaissance Technologies LLC now owns 481,400 shares of the industrial products company’s stock worth $23,396,000 after purchasing an additional 74,900 shares in the last quarter. Institutional investors and hedge funds own 73.28% of the company’s stock.
Shares of Bemis stock traded up $0.60 on Wednesday, reaching $55.80. 7,611 shares of the stock were exchanged, compared to its average volume of 616,676. Bemis Company, Inc. has a one year low of $40.86 and a one year high of $56.49. The company has a current ratio of 1.76, a quick ratio of 0.88 and a debt-to-equity ratio of 1.11. The company has a market cap of $5.03 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 2.52 and a beta of 0.90.
A number of brokerages have issued reports on BMS. Zacks Investment Research upgraded shares of Bemis from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Tuesday, April 2nd. BMO Capital Markets lowered shares of Bemis from an “outperform” rating to a “market perform” rating in a research report on Sunday. ValuEngine upgraded shares of Bemis from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Barclays restated a “buy” rating on shares of Bemis in a research report on Tuesday, January 29th. Finally, Citigroup increased their target price on shares of Bemis from $47.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, January 7th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $52.71.
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Bemis Company, Inc manufactures and sells packaging products in the United States, Brazil, other Americas, Europe, and the Asia-Pacific. It operates through three segments: U.S. Packaging, Latin America Packaging, and Rest of World Packaging. The company offers multilayer polymer, blown, and cast film structures; and injection molded and thermoformed plastic packaging products.
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