Financial Engines Advisors L.L.C. Has $3.22 Million Stake in Bemis Company, Inc. (BMS)
Financial Engines Advisors L.L.C. reduced its position in Bemis Company, Inc. (NYSE:BMS) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,755 shares of the industrial products company’s stock after selling 5,149 shares during the period. Bemis comprises approximately 0.1% of Financial Engines Advisors L.L.C.’s holdings, making the stock its 27th largest position. Financial Engines Advisors L.L.C. owned approximately 0.08% of Bemis worth $3,224,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC increased its position 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 in the last quarter. Sigma Planning Corp increased its position in shares of Bemis by 0.5% in the second quarter. Sigma Planning Corp now owns 13,484 shares of the industrial products company’s stock worth $624,000 after acquiring an additional 63 shares in the last quarter. Texas Permanent School Fund increased its position in shares of Bemis by 0.3% in the second quarter. Texas Permanent School Fund now owns 67,134 shares of the industrial products company’s stock worth $3,105,000 after acquiring an additional 199 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Bemis by 6.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,576 shares of the industrial products company’s stock worth $165,000 after acquiring an additional 201 shares in the last quarter. Finally, Ffcm LLC boosted its holdings in shares of Bemis by 6.4% during the second quarter. Ffcm LLC now owns 3,962 shares of the industrial products company’s stock worth $183,000 after purchasing an additional 238 shares during the period. 74.39% of the stock is currently owned by institutional investors and hedge funds.
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Bemis Company, Inc. (NYSE:BMS) traded up $0.33 during midday trading on Wednesday, reaching $43.96. 1,026,500 shares of the company’s stock were exchanged, compared to its average volume of 847,475. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.80 and a quick ratio of 0.91. The firm has a market capitalization of $3,961.82, a PE ratio of 17.95, a PEG ratio of 2.63 and a beta of 0.94. Bemis Company, Inc. has a 1 year low of $40.60 and a 1 year high of $51.98.
Bemis (NYSE:BMS) last posted its 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. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Bemis had a net margin of 4.84% and a return on equity of 17.83%. The company’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share. analysts expect that Bemis Company, Inc. will post 2.37 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Tuesday, November 14th. Bemis’s dividend payout ratio (DPR) is presently 57.14%.
Several research firms recently commented on BMS. Barclays PLC raised their price target on shares of Bemis from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. KeyCorp restated a “hold” rating on shares of Bemis in a report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Bemis from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Bank of America Corporation upgraded shares of Bemis from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $46.00 to $51.00 in a report on Friday, September 15th. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $47.00 price target (down from $49.00) on shares of Bemis in a report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $48.60.
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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