UBS Asset Management Americas Inc. increased its position in shares of Bemis Company, Inc. (NYSE:BMS) by 20.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 112,030 shares of the industrial products company’s stock after acquiring an additional 18,864 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.12% of Bemis worth $5,354,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in BMS. MAI Capital Management acquired a new stake in Bemis during the fourth quarter worth approximately $204,000. Private Trust Co. NA acquired a new stake in Bemis during the fourth quarter worth approximately $205,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Bemis by 28.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,009 shares of the industrial products company’s stock worth $239,000 after acquiring an additional 1,118 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Bemis during the fourth quarter worth approximately $253,000. Finally, Perkins Capital Management Inc. acquired a new stake in Bemis during the fourth quarter worth approximately $301,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.
Bemis Company, Inc. (NYSE BMS) opened at $45.93 on Monday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.93 and a current ratio of 1.86. The firm has a market cap of $4,178.51, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 2.34 and a beta of 0.88. Bemis Company, Inc. has a one year low of $40.60 and a one year high of $50.47.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Friday, February 16th. Bemis’s dividend payout ratio is presently 121.57%.
A number of brokerages recently issued reports on BMS. Credit Suisse Group raised 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 upgraded shares of Bemis from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. Zacks Investment Research lowered shares of Bemis from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Bank of America raised their target price on shares of Bemis from $52.00 to $53.00 and gave the stock an “underperform” rating in a research report on Friday, February 2nd. Finally, 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. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $48.40.
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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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