Shares of Bemis Company, Inc. (NYSE:BMS) have been assigned an average recommendation of “Hold” from the fifteen analysts that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $49.22.
BMS has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Bemis from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Barclays increased their target price on shares of Bemis from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. KeyCorp reiterated a “hold” rating on shares of Bemis in a report on Tuesday, October 24th. TheStreet upgraded shares of Bemis from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. Finally, SunTrust Banks reiterated a “hold” rating and set a $46.00 target price on shares of Bemis in a report on Wednesday, January 31st.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. purchased a new stake in Bemis in the fourth quarter worth about $3,215,000. AXA lifted its holdings in Bemis by 1,038.3% in the fourth quarter. AXA now owns 368,824 shares of the industrial products company’s stock worth $17,626,000 after buying an additional 336,424 shares during the period. Alliancebernstein L.P. lifted its holdings in Bemis by 7.2% in the fourth quarter. Alliancebernstein L.P. now owns 333,116 shares of the industrial products company’s stock worth $15,920,000 after buying an additional 22,261 shares during the period. Geode Capital Management LLC lifted its holdings in Bemis by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 756,151 shares of the industrial products company’s stock worth $36,136,000 after buying an additional 2,546 shares during the period. Finally, Impax Asset Management LTD lifted its holdings in Bemis by 8.5% in the fourth quarter. Impax Asset Management LTD now owns 382,000 shares of the industrial products company’s stock worth $18,256,000 after buying an additional 30,000 shares during the period. Institutional investors and hedge funds own 77.32% of the company’s stock.
Bemis (NYSE:BMS) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $978.34 million. Bemis had a net margin of 2.32% and a return on equity of 17.52%. Bemis’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. sell-side analysts anticipate that Bemis will post 2.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th will be issued a $0.30 dividend. The ex-dividend date is Friday, February 16th. This represents a $1.20 annualized dividend and a yield of 2.74%. Bemis’s dividend payout ratio (DPR) is presently 117.65%.
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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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