Bemis Company, Inc. (BMS) Shares Bought by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. grew its holdings in shares of Bemis Company, Inc. (NYSE:BMS) by 12.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,917 shares of the industrial products company’s stock after acquiring an additional 9,240 shares during the quarter. UBS Asset Management Americas Inc. owned 0.09% of Bemis worth $3,974,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. LSV Asset Management raised its stake in Bemis by 5.3% during the second quarter. LSV Asset Management now owns 700,400 shares of the industrial products company’s stock worth $32,393,000 after acquiring an additional 35,200 shares in the last quarter. Riverhead Capital Management LLC raised its stake in Bemis by 225.3% during the second quarter. Riverhead Capital Management LLC now owns 88,478 shares of the industrial products company’s stock worth $4,092,000 after acquiring an additional 61,278 shares in the last quarter. Prudential Financial Inc. raised its stake in Bemis by 6.3% during the first quarter. Prudential Financial Inc. now owns 76,915 shares of the industrial products company’s stock worth $3,758,000 after acquiring an additional 4,540 shares in the last quarter. Federated Investors Inc. PA raised its stake in Bemis by 17.9% during the second quarter. Federated Investors Inc. PA now owns 46,617 shares of the industrial products company’s stock worth $2,156,000 after acquiring an additional 7,081 shares in the last quarter. Finally, Marshall Wace North America L.P. raised its stake in Bemis by 1,361.1% during the second quarter. Marshall Wace North America L.P. now owns 666,999 shares of the industrial products company’s stock worth $30,682,000 after acquiring an additional 621,350 shares in the last quarter. 75.66% of the stock is owned by hedge funds and other institutional investors.

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Several research analysts have commented on BMS shares. BidaskClub raised Bemis from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Barclays PLC raised Bemis from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $43.00 to $54.00 in a research note on Tuesday, June 27th. Royal Bank Of Canada reissued a “sell” rating on shares of Bemis in a research note on Thursday, July 6th. Citigroup Inc. restated a “hold” rating on shares of Bemis in a report on Thursday, August 31st. Finally, Bank of America Corporation upgraded Bemis from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $46.00 to $51.00 in a report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Bemis has an average rating of “Hold” and an average target price of $48.80.

Shares of Bemis Company, Inc. (NYSE:BMS) opened at 46.92 on Wednesday. The company has a market capitalization of $4.26 billion, a PE ratio of 21.16 and a beta of 0.90. Bemis Company, Inc. has a 12-month low of $40.60 and a 12-month high of $51.98. The stock’s 50 day moving average price is $45.33 and its 200 day moving average price is $45.51.

Bemis (NYSE:BMS) last announced its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.08). The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Bemis had a net margin of 5.18% and a return on equity of 18.53%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. On average, equities research analysts forecast that Bemis Company, Inc. will post $2.37 earnings per share for the current year.

About Bemis

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.

Institutional Ownership by Quarter for Bemis (NYSE:BMS)

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