LSV Asset Management decreased its holdings in Bemis Company, Inc. (NYSE:BMS) by 28.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 496,400 shares of the industrial products company’s stock after selling 197,900 shares during the period. LSV Asset Management owned about 0.55% of Bemis worth $23,722,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of BMS. North Star Asset Management Inc. raised its holdings in shares of Bemis by 39.0% in the third quarter. North Star Asset Management Inc. now owns 27,818 shares of the industrial products company’s stock valued at $1,359,000 after buying an additional 7,800 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Bemis by 4.3% during the third quarter. Wells Fargo & Company MN now owns 157,748 shares of the industrial products company’s stock worth $7,188,000 after purchasing an additional 6,456 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in Bemis during the third quarter worth about $13,671,000. LaSalle Street Capital Management LLC purchased a new position in Bemis during the third quarter worth about $421,000. Finally, Nuance Investments LLC raised its holdings in Bemis by 22.5% during the third quarter. Nuance Investments LLC now owns 158,085 shares of the industrial products company’s stock worth $7,204,000 after purchasing an additional 29,061 shares in the last quarter. Institutional investors and hedge funds own 77.32% of the company’s stock.
Several research analysts have weighed in on the stock. Credit Suisse Group upped their target price on shares of Bemis from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. TheStreet lowered shares of Bemis from a “b-” rating to a “c” rating in a research report on Thursday, February 1st. Bank of America increased their price target on shares of Bemis from $52.00 to $53.00 and gave the company an “underperform” rating in a research report on Friday, February 2nd. SunTrust Banks restated a “hold” rating and set a $46.00 target price on shares of Bemis in a research report on Wednesday, January 31st. Finally, Zacks Investment Research lowered shares of Bemis from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $48.40.
Bemis (NYSE:BMS) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Bemis had a net margin of 2.32% and a return on equity of 17.52%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $978.34 million. During the same period in the previous year, the business posted $0.67 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. equities research analysts expect that Bemis Company, Inc. will post 2.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 20th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.67%. Bemis’s payout ratio is currently 117.65%.
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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