Raymond James Financial Services Advisors Inc. Decreases Holdings in Bemis Company, Inc. (BMS)
Raymond James Financial Services Advisors Inc. trimmed its position in Bemis Company, Inc. (NYSE:BMS) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,132 shares of the industrial products company’s stock after selling 185 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Bemis were worth $237,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. LSV Asset Management grew its holdings in Bemis by 5.3% in the 2nd quarter. LSV Asset Management now owns 700,400 shares of the industrial products company’s stock valued at $32,393,000 after buying an additional 35,200 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Bemis by 225.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 88,478 shares of the industrial products company’s stock worth $4,092,000 after purchasing an additional 61,278 shares in the last quarter. Federated Investors Inc. PA grew its holdings in shares of Bemis by 17.9% during the 2nd quarter. Federated Investors Inc. PA now owns 46,617 shares of the industrial products company’s stock worth $2,156,000 after purchasing an additional 7,081 shares in the last quarter. Marshall Wace North America L.P. grew its holdings in shares of Bemis by 1,361.1% during the 2nd quarter. Marshall Wace North America L.P. now owns 666,999 shares of the industrial products company’s stock worth $30,682,000 after purchasing an additional 621,350 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Bemis by 3.5% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 497,856 shares of the industrial products company’s stock worth $23,026,000 after purchasing an additional 16,849 shares in the last quarter. 75.76% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Bemis Company, Inc. (NYSE BMS) opened at $43.14 on Friday. The firm has a market capitalization of $3,917.33, a PE ratio of 17.75, a P/E/G ratio of 2.60 and a beta of 0.94. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.80 and a quick ratio of 0.91. Bemis Company, Inc. has a 12 month low of $40.60 and a 12 month high of $51.98.
Bemis (NYSE:BMS) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.05. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Bemis had a return on equity of 17.83% and a net margin of 4.84%. Bemis’s revenue was up .8% compared to the same quarter last year. During the same period last year, the firm posted $0.75 earnings per share. 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, December 1st. Investors of record on Wednesday, November 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Tuesday, November 14th. Bemis’s dividend payout ratio (DPR) is presently 57.14%.
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Several analysts have recently issued reports on the company. Barclays PLC increased their target price on Bemis from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. KeyCorp reissued a “hold” rating on shares of Bemis in a report on Tuesday, October 24th. Zacks Investment Research raised Bemis from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Bank of America Corporation raised Bemis from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $46.00 to $51.00 in a report on Friday, September 15th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and set a $47.00 target price (down from $49.00) on shares of Bemis in a report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $48.60.
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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