Schroder Investment Management Group Sells 385,700 Shares of Bemis Company, Inc. (BMS)
Schroder Investment Management Group decreased its holdings in shares of Bemis Company, Inc. (NYSE:BMS) by 92.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,500 shares of the industrial products company’s stock after selling 385,700 shares during the period. Schroder Investment Management Group’s holdings in Bemis were worth $1,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of BMS. North Star Asset Management Inc. raised its position in Bemis by 39.0% in the 3rd quarter. North Star Asset Management Inc. now owns 27,818 shares of the industrial products company’s stock worth $1,359,000 after purchasing an additional 7,800 shares during the period. LSV Asset Management boosted its stake in shares of Bemis by 5.3% during the second quarter. LSV Asset Management now owns 700,400 shares of the industrial products company’s stock valued at $32,393,000 after purchasing an additional 35,200 shares in the last quarter. LaSalle Street Capital Management LLC purchased a new stake in Bemis during the third quarter valued at approximately $421,000. Riverhead Capital Management LLC raised its holdings in shares of Bemis by 225.3% in the second quarter. Riverhead Capital Management LLC now owns 88,478 shares of the industrial products company’s stock worth $4,092,000 after buying an additional 61,278 shares during the last quarter. Finally, Federated Investors Inc. PA raised its holdings in shares of Bemis by 17.9% in the second quarter. Federated Investors Inc. PA now owns 46,617 shares of the industrial products company’s stock worth $2,156,000 after buying an additional 7,081 shares during the last quarter. 75.89% of the stock is owned by hedge funds and other institutional investors.
BMS has been the topic of a number of recent research reports. TheStreet upgraded shares of Bemis from a “c+” rating to a “b-” rating in a research report on Wednesday. SunTrust Banks reiterated a “hold” rating and issued a $47.00 price target (down previously from $49.00) on shares of Bemis in a research report on Thursday, September 14th. Robert W. Baird reissued a “hold” rating and issued a $48.00 price objective on shares of Bemis in a research note on Friday, September 1st. Citigroup reissued a “hold” rating on shares of Bemis in a research report on Thursday, August 31st. Finally, KeyCorp reiterated a “hold” rating on shares of Bemis in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Bemis has a consensus rating of “Hold” and an average price target of $48.60.
Bemis (NYSE:BMS) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.05. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Bemis had a return on equity of 17.83% and a net margin of 4.84%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the firm posted $0.75 EPS. research analysts forecast that Bemis Company, Inc. will post 2.37 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.58%. Bemis’s dividend payout ratio is currently 57.14%.
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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