Financial Engines Advisors L.L.C. Sells 6,216 Shares of Bemis Company, Inc. (NYSE:BMS)
Financial Engines Advisors L.L.C. cut its position in shares of Bemis Company, Inc. (NYSE:BMS) by 7.6% during the second quarter, Holdings Channel reports. The institutional investor owned 75,904 shares of the industrial products company’s stock after selling 6,216 shares during the period. Bemis accounts for about 0.2% of Financial Engines Advisors L.L.C.’s investment portfolio, making the stock its 23rd largest position. Financial Engines Advisors L.L.C.’s holdings in Bemis were worth $3,511,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of BMS. Advisory Services Network LLC acquired a new position in Bemis during the first quarter worth approximately $116,000. NEXT Financial Group Inc raised its position in Bemis by 31.3% in the second quarter. NEXT Financial Group Inc now owns 2,935 shares of the industrial products company’s stock worth $136,000 after buying an additional 700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Bemis by 33.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,375 shares of the industrial products company’s stock worth $165,000 after buying an additional 846 shares in the last quarter. Ffcm LLC raised its position in Bemis by 4.3% in the first quarter. Ffcm LLC now owns 3,724 shares of the industrial products company’s stock worth $182,000 after buying an additional 154 shares in the last quarter. Finally, Americafirst Capital Management LLC acquired a new position in Bemis during the first quarter worth approximately $202,000. Institutional investors own 80.43% of the company’s stock.
Bemis Company, Inc. (BMS) opened at 41.58 on Friday. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 18.76 and a beta of 0.90. Bemis Company, Inc. has a 52 week low of $41.54 and a 52 week high of $53.10. The stock’s 50 day moving average is $45.19 and its 200-day moving average is $46.89.
Bemis (NYSE:BMS) last released its earnings results on Thursday, July 27th. The industrial products company reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.08. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. Bemis had a net margin of 5.18% and a return on equity of 18.53%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 EPS. On average, equities research analysts expect that Bemis Company, Inc. will post $2.37 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.20 annualized dividend and a yield of 2.89%. Bemis’s payout ratio is 54.30%.
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A number of research firms have commented on BMS. Zacks Investment Research upgraded shares of Bemis from a “sell” rating to a “hold” rating in a research note on Monday, April 17th. Barclays PLC boosted their price target 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. BMO Capital Markets reiterated a “hold” rating and set a $48.00 price target on shares of Bemis in a research note on Friday, June 2nd. TheStreet lowered shares of Bemis from a “b” rating to a “c+” rating in a research note on Thursday, July 27th. Finally, UBS AG assumed coverage on shares of Bemis in a research note on Tuesday, July 25th. They set a “buy” rating and a $55.00 price target on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. 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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