WINTON GROUP Ltd increased its stake in shares of Bemis Company, Inc. (NYSE:BMS) by 13.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,138 shares of the industrial products company’s stock after buying an additional 24,332 shares during the quarter. WINTON GROUP Ltd owned about 0.22% of Bemis worth $9,678,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its position in Bemis by 3.0% during the second quarter. Oregon Public Employees Retirement Fund now owns 35,415 shares of the industrial products company’s stock worth $1,495,000 after buying an additional 1,023 shares in the last quarter. OppenheimerFunds Inc. grew its position in Bemis by 3.9% during the second quarter. OppenheimerFunds Inc. now owns 28,009 shares of the industrial products company’s stock worth $1,182,000 after buying an additional 1,042 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Bemis by 24.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,481 shares of the industrial products company’s stock worth $231,000 after buying an additional 1,075 shares in the last quarter. Xact Kapitalforvaltning AB grew its position in Bemis by 10.5% during the second 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. Finally, Arizona State Retirement System grew its position in Bemis by 2.3% during the third quarter. Arizona State Retirement System now owns 64,625 shares of the industrial products company’s stock worth $3,141,000 after buying an additional 1,462 shares in the last quarter. 76.51% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have weighed in on BMS. Zacks Investment Research downgraded Bemis from a “hold” rating to a “sell” rating in a report on Monday, October 1st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $54.00 target price on shares of Bemis in a report on Tuesday, August 7th. Robert W. Baird reaffirmed a “hold” rating and issued a $57.00 target price (up previously from $48.00) on shares of Bemis in a report on Monday, August 6th. Royal Bank of Canada raised Bemis from an “underperform” rating to a “sector perform” rating and raised their target price for the company from $44.00 to $46.00 in a report on Wednesday, August 15th. Finally, UBS Group downgraded 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 given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.50.
Shares of BMS stock opened at $48.13 on Friday. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 2.34 and a beta of 0.92. Bemis Company, Inc. has a fifty-two week low of $40.86 and a fifty-two week high of $53.00. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 1.78.
Bemis (NYSE:BMS) last announced its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.77 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.77. Bemis had a return on equity of 20.61% and a net margin of 2.72%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. On average, analysts forecast that Bemis Company, Inc. will post 2.8 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Wednesday, November 14th. Bemis’s payout ratio is 51.88%.
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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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