Homrich & Berg continued to hold its stake in shares of Bemis Company, Inc. (NYSE:BMS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,519 shares of the company’s stock at the end of the third quarter. Homrich & Berg’s holdings in Bemis Company were worth $996,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Citadel Advisors LLC purchased a new stake in shares of Bemis Company during the second quarter valued at about $64,356,000. Point72 Asset Management L.P. bought a new position in shares of Bemis Company during the second quarter worth approximately $20,291,000. Alliancebernstein L.P. boosted its position in shares of Bemis Company by 444.2% in the second quarter. Alliancebernstein L.P. now owns 393,278 shares of the company’s stock worth $20,250,000 after buying an additional 321,007 shares in the last quarter. Kornitzer Capital Management Inc. KS bought a new position in shares of Bemis Company during the third quarter worth approximately $14,866,000. Finally, Hsbc Holdings PLC boosted its position in shares of Bemis Company by 753.3% in the second quarter. Hsbc Holdings PLC now owns 202,590 shares of the company’s stock worth $10,361,000 after buying an additional 178,847 shares in the last quarter. Hedge funds and other institutional investors own 75.96% of the company’s stock.
Shares of Bemis Company, Inc. (NYSE:BMS) opened at 48.72 on Wednesday. The stock has a 50 day moving average of $49.29 and a 200-day moving average of $50.19. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 19.65 and a beta of 0.89. Bemis Company, Inc. has a 52-week low of $46.46 and a 52-week high of $54.19.
Bemis Company (NYSE:BMS) last announced its quarterly earnings data on Thursday, January 26th. The company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The firm earned $988 million during the quarter, compared to analysts’ expectations of $1.02 billion. Bemis Company had a return on equity of 20.33% and a net margin of 5.90%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 EPS. On average, equities research analysts predict that Bemis Company, Inc. will post $2.91 EPS for the current fiscal year.
BMS has been the topic of a number of recent analyst reports. Zacks Investment Research raised Bemis Company from a “sell” rating to a “hold” rating in a research report on Monday, December 5th. Bank of America Corporation downgraded shares of Bemis Company from a “neutral” rating to an “underperform” rating in a research report on Wednesday, December 7th. Barclays PLC lowered their price objective on shares of Bemis Company to $50.00 and set a “hold” rating on the stock in a research report on Monday. RBC Capital Markets reissued a “sell” rating and set a $46.00 price objective on shares of Bemis Company in a research report on Wednesday, January 4th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $46.00 price objective (down from $47.00) on shares of Bemis Company in a research report on Tuesday, November 1st. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $50.08.
In other Bemis Company news, Director Edward N. Perry sold 1,561 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $49.40, for a total transaction of $77,113.40. Following the completion of the sale, the director now directly owns 96,577 shares of the company’s stock, valued at approximately $4,770,903.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.
Bemis Company Company Profile
Bemis Company, Inc is a manufacturer of packaging products. The Company operates through two business segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment represents food, consumer and industrial products packaging-related manufacturing operations in the United States. The U.S. Packaging segment manufactures multilayer polymer, blown and cast film structures to produce packaging sold for food and personal care product applications, as well as non-food applications.
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