Tyers Asset Management LLC boosted its stake in Bemis Company, Inc. (NYSE:BMS) by 259.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 22,820 shares of the industrial products company’s stock after buying an additional 16,464 shares during the period. Tyers Asset Management LLC’s holdings in Bemis Company were worth $1,115,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in Bemis Company during the first quarter valued at approximately $116,000. Ffcm LLC purchased a new stake in Bemis Company during the fourth quarter valued at approximately $171,000. Americafirst Capital Management LLC purchased a new stake in Bemis Company during the first quarter valued at approximately $202,000. GSA Capital Partners LLP purchased a new stake in Bemis Company during the fourth quarter valued at approximately $216,000. Finally, Paragon Capital Management Ltd purchased a new stake in Bemis Company during the first quarter valued at approximately $226,000. Institutional investors own 77.77% of the company’s stock.
Shares of Bemis Company, Inc. (NYSE:BMS) traded up 0.84% during trading on Friday, hitting $45.38. 862,103 shares of the stock were exchanged. The stock has a 50-day moving average of $48.05 and a 200 day moving average of $48.95. The stock has a market cap of $4.17 billion, a P/E ratio of 18.58 and a beta of 0.90. Bemis Company, Inc. has a 12-month low of $44.07 and a 12-month high of $53.32.
Bemis Company (NYSE:BMS) last posted its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.07. The company earned $995.40 million during the quarter, compared to analyst estimates of $996.21 million. Bemis Company had a return on equity of 20.33% and a net margin of 5.90%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 EPS. Equities analysts predict that Bemis Company, Inc. will post $2.58 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Wednesday, May 17th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Monday, May 15th. Bemis Company’s dividend payout ratio (DPR) is presently 46.77%.
Several research firms have recently commented on BMS. Jefferies Group LLC reduced their target price on shares of Bemis Company from $46.00 to $40.00 and set a “hold” rating for the company in a research note on Tuesday. Barclays PLC restated a “hold” rating and issued a $43.00 target price on shares of Bemis Company in a research note on Tuesday. Royal Bank of Canada reduced their target price on shares of Bemis Company from $46.00 to $41.00 and set an “underperform” rating for the company in a research note on Friday, April 28th. Deutsche Bank AG reduced their target price on shares of Bemis Company from $52.00 to $48.00 and set a “hold” rating for the company in a research note on Friday, April 28th. Finally, SunTrust Banks, Inc. cut shares of Bemis Company from a “buy” rating to a “hold” rating and reduced their target price for the stock from $55.00 to $49.00 in a research note on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $46.45.
In other Bemis Company news, insider James W. Ransom sold 20,000 shares of the business’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $49.21, for a total value of $984,200.00. Following the sale, the insider now directly owns 75,401 shares in the company, valued at $3,710,483.21. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.
Bemis Company Company Profile
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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