Investors Buy High Volume of Call Options on Bemis (BMS)
Bemis Company, Inc. (NYSE:BMS) was the recipient of some unusual options trading activity on Tuesday. Stock traders purchased 1,043 call options on the company. This represents an increase of approximately 1,480% compared to the typical daily volume of 66 call options.
BMS has been the topic of a number of analyst reports. Citigroup restated a “hold” rating on shares of Bemis in a research report on Thursday, August 31st. Robert W. Baird restated a “hold” rating and issued a $48.00 price objective on shares of Bemis in a research report on Friday, September 1st. SunTrust Banks restated a “hold” rating and issued a $47.00 price objective (down previously from $49.00) on shares of Bemis in a research report on Thursday, September 14th. Bank of America upgraded shares of Bemis from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $46.00 to $51.00 in a research report on Friday, September 15th. Finally, KeyCorp restated a “hold” rating on shares of Bemis in a research report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. Bemis currently has an average rating of “Hold” and a consensus target price of $48.60.
Bemis (NYSE BMS) opened at $47.21 on Friday. Bemis has a 52-week low of $40.60 and a 52-week high of $51.98. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.91 and a current ratio of 1.80. The stock has a market cap of $4,310.00, a PE ratio of 19.96, a P/E/G ratio of 2.92 and a beta of 0.96.
The business also recently declared 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. This represents a $1.20 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Tuesday, November 14th. Bemis’s dividend payout ratio is currently 56.87%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. IHT Wealth Management LLC increased its position in shares of Bemis by 0.7% during the second quarter. IHT Wealth Management LLC now owns 731 shares of the industrial products company’s stock valued at $211,000 after buying an additional 5 shares during the period. Sigma Planning Corp boosted its stake in Bemis by 0.5% during the second quarter. Sigma Planning Corp now owns 13,484 shares of the industrial products company’s stock worth $624,000 after acquiring an additional 63 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Bemis by 6.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,576 shares of the industrial products company’s stock worth $165,000 after acquiring an additional 201 shares in the last quarter. Ffcm LLC boosted its stake in Bemis by 6.4% during the second quarter. Ffcm LLC now owns 3,962 shares of the industrial products company’s stock worth $183,000 after acquiring an additional 238 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in Bemis by 0.8% during the second quarter. Arizona State Retirement System now owns 38,800 shares of the industrial products company’s stock worth $1,795,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 75.80% of the company’s stock.
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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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