BlackRock Inc. grew its holdings in shares of Bemis Company, Inc. (NYSE:BMS) by 2.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,323,221 shares of the industrial products company’s stock after buying an additional 207,107 shares during the period. BlackRock Inc. owned approximately 9.15% of Bemis worth $351,323,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the business. Xact Kapitalforvaltning AB boosted its holdings in shares of Bemis by 10.5% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 12,660 shares of the industrial products company’s stock worth $534,000 after buying an additional 1,200 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Bemis by 1.4% in the 1st quarter. Hsbc Holdings PLC now owns 89,950 shares of the industrial products company’s stock worth $3,914,000 after purchasing an additional 1,268 shares in the last quarter. First Interstate Bank lifted its holdings in shares of Bemis by 50.7% in the 2nd quarter. First Interstate Bank now owns 4,386 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 1,476 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Bemis by 2.6% in the 2nd quarter. Arizona State Retirement System now owns 63,163 shares of the industrial products company’s stock worth $2,666,000 after purchasing an additional 1,604 shares in the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI lifted its holdings in shares of Bemis by 1.9% in the 2nd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 92,624 shares of the industrial products company’s stock worth $3,910,000 after purchasing an additional 1,741 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.
A number of equities analysts recently issued reports on the company. Jefferies Financial Group reiterated a “hold” rating and issued a $54.00 target price on shares of Bemis in a report on Tuesday, August 7th. Zacks Investment Research cut Bemis from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Robert W. Baird reiterated a “hold” rating and issued a $57.00 target price (up from $48.00) on shares of Bemis in a report on Monday, August 6th. Barclays increased their target price on Bemis from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, July 30th. Finally, UBS Group cut Bemis from a “buy” rating to a “neutral” rating and set a $54.00 target price on the stock. in a report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $50.30.
Shares of BMS opened at $49.48 on Friday. Bemis Company, Inc. has a 12-month low of $40.86 and a 12-month high of $53.00. The company has a current ratio of 1.86, a quick ratio of 0.94 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $4.50 billion, a P/E ratio of 20.70, a PEG ratio of 2.52 and a beta of 0.90.
Bemis (NYSE:BMS) last released its quarterly earnings results on Thursday, July 26th. The industrial products company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. Bemis had a return on equity of 19.70% and a net margin of 2.66%. Bemis’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 EPS. sell-side analysts forecast that Bemis Company, Inc. will post 2.8 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Thursday, August 16th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Wednesday, August 15th. Bemis’s payout ratio is currently 51.88%.
Bemis Company Profile
Bemis Company, Inc manufactures and sells packaging products in the United States, Brazil, other Americas, Europe, and the Asia-Pacific. It operates through three segments: U.S. Packaging, Latin America Packaging, and Rest of World Packaging. The company offers multilayer polymer, blown, and cast film structures; and injection molded plastic, thermoformed plastic, and folding carton packaging products.
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