Flinton Capital Management LLC boosted its holdings in Bemis Company, Inc. (NYSE:BMS) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,162 shares of the industrial products company’s stock after acquiring an additional 1,326 shares during the quarter. Flinton Capital Management LLC owned 0.15% of Bemis worth $6,651,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of BMS. North Star Asset Management Inc. increased its position in Bemis by 3,385.8% in the 4th quarter. North Star Asset Management Inc. now owns 662,829 shares of the industrial products company’s stock valued at $31,677,000 after acquiring an additional 643,814 shares during the period. Deprince Race & Zollo Inc. increased its position in Bemis by 93.8% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,315,591 shares of the industrial products company’s stock valued at $62,872,000 after acquiring an additional 636,623 shares during the period. AXA increased its position in Bemis by 1,038.3% in the 4th quarter. AXA now owns 368,824 shares of the industrial products company’s stock valued at $17,626,000 after acquiring an additional 336,424 shares during the period. American Century Companies Inc. increased its position in Bemis by 6.9% in the 4th quarter. American Century Companies Inc. now owns 5,140,905 shares of the industrial products company’s stock valued at $245,684,000 after acquiring an additional 330,277 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new stake in Bemis in the 3rd quarter valued at approximately $13,671,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.
BMS has been the topic of several analyst reports. TheStreet upgraded Bemis from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. SunTrust Banks restated a “hold” rating and issued a $46.00 target price on shares of Bemis in a research report on Wednesday, January 31st. Credit Suisse Group raised their target price on Bemis from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Zacks Investment Research cut Bemis from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Finally, Bank of America lifted their price target on Bemis from $52.00 to $53.00 and gave the company an “underperform” rating in a research report on Friday, February 2nd. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $48.40.
Bemis (NYSE:BMS) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. Bemis had a return on equity of 17.52% and a net margin of 2.32%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $978.34 million. During the same period last year, the firm earned $0.67 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. sell-side analysts predict that Bemis Company, Inc. will post 2.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Friday, February 16th. Bemis’s dividend payout ratio is presently 121.57%.
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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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