Murphy Pohlad Asset Management LLC Holds Stake in Bemis Company, Inc. (BMS)
Murphy Pohlad Asset Management LLC continued to hold its position in Bemis Company, Inc. (NYSE:BMS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,889 shares of the industrial products company’s stock at the end of the second quarter. Murphy Pohlad Asset Management LLC’s holdings in Bemis were worth $1,058,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BMS. Wells Fargo & Company MN increased its stake in Bemis by 42.9% in the first quarter. Wells Fargo & Company MN now owns 1,325,238 shares of the industrial products company’s stock valued at $64,750,000 after buying an additional 397,638 shares during the last quarter. BB&T Corp increased its stake in Bemis by 6.7% in the first quarter. BB&T Corp now owns 53,166 shares of the industrial products company’s stock valued at $2,598,000 after buying an additional 3,349 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Bemis by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 33,563 shares of the industrial products company’s stock valued at $1,640,000 after buying an additional 400 shares during the last quarter. Paragon Capital Management Ltd acquired a new stake in Bemis during the first quarter valued at about $226,000. Finally, ProShare Advisors LLC increased its stake in Bemis by 35.1% in the first quarter. ProShare Advisors LLC now owns 184,802 shares of the industrial products company’s stock valued at $9,029,000 after buying an additional 47,997 shares during the last quarter. Hedge funds and other institutional investors own 80.34% of the company’s stock.
Shares of Bemis Company, Inc. (NYSE BMS) opened at 41.95 on Wednesday. Bemis Company, Inc. has a 1-year low of $41.20 and a 1-year high of $53.10. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 18.92 and a beta of 0.90. The stock’s 50 day moving average price is $44.83 and its 200-day moving average price is $46.65.
Bemis (NYSE:BMS) last announced its earnings results on Thursday, July 27th. The industrial products company reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.08. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Bemis had a return on equity of 18.53% and a net margin of 5.18%. Bemis’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 EPS. On average, equities research analysts forecast that Bemis Company, Inc. will post $2.37 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders 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 dividend yield of 2.86%. The ex-dividend date of this dividend is Tuesday, August 15th. Bemis’s dividend payout ratio (DPR) is 54.30%.
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A number of equities analysts have issued reports on the stock. Credit Suisse Group reaffirmed a “hold” rating and set a $48.00 price objective on shares of Bemis in a report on Friday, April 28th. SunTrust Banks, Inc. downgraded shares of Bemis from a “buy” rating to a “hold” rating and cut their price target for the stock from $55.00 to $49.00 in a report on Friday, April 28th. 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 report on Monday, May 1st. Jefferies Group LLC lowered their price objective on Bemis from $46.00 to $40.00 and set a “hold” rating on the stock in a research note on Tuesday, May 2nd. Finally, Deutsche Bank AG lowered their price objective on Bemis from $52.00 to $48.00 and set a “hold” rating on the stock in a research note on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Bemis presently has an average rating of “Hold” and a consensus target price of $49.44.
Bemis Company Profile
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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