Bemis Company, Inc. (NYSE:BMS)‘s stock had its “buy” rating restated by equities research analysts at Citigroup Inc in a note issued to investors on Friday, April 14th.
BMS has been the subject of several other reports. Zacks Investment Research downgraded Bemis Company from a “hold” rating to a “sell” rating in a report on Wednesday, January 4th. Credit Suisse Group AG set a $51.00 price target on Bemis Company and gave the company a “hold” rating in a report on Thursday, February 16th. Barclays PLC reduced their price objective on Bemis Company to $50.00 and set a “hold” rating for the company in a report on Monday, January 30th. BMO Capital Markets reiterated a “hold” rating and issued a $52.00 price objective on shares of Bemis Company in a report on Wednesday, April 12th. Finally, Royal Bank of Canada reiterated a “sell” rating and issued a $46.00 price objective on shares of Bemis Company in a report on Wednesday, January 4th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $46.45.
Bemis Company (NYSE:BMS) traded up 0.05% during mid-day trading on Friday, hitting $43.78. 315,069 shares of the stock traded hands. Bemis Company has a 1-year low of $43.13 and a 1-year high of $53.32. The firm has a market capitalization of $4.03 billion, a P/E ratio of 17.93 and a beta of 0.90. The company has a 50-day moving average of $46.88 and a 200 day moving average of $48.60.
Bemis Company (NYSE:BMS) last issued its quarterly earnings results 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. Bemis Company had a net margin of 5.90% and a return on equity of 20.33%. The company had revenue of $995.40 million for the quarter, compared to the consensus estimate of $996.21 million. During the same quarter in the previous year, the business earned $0.60 earnings per share. Bemis Company’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Bemis Company will post $2.55 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Wednesday, May 17th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.74%. Bemis Company’s payout ratio is currently 46.77%.
In other news, insider James W. Ransom sold 20,000 shares of Bemis Company stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $49.21, for a total transaction of $984,200.00. Following the transaction, the insider now directly owns 75,401 shares of the company’s stock, valued at approximately $3,710,483.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of BMS. Thrivent Financial for Lutherans boosted its position in Bemis Company by 8.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,050 shares of the industrial products company’s stock worth $768,000 after buying an additional 1,220 shares in the last quarter. California State Teachers Retirement System boosted its position in Bemis Company by 0.9% in the third quarter. California State Teachers Retirement System now owns 206,141 shares of the industrial products company’s stock worth $10,515,000 after buying an additional 1,800 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in Bemis Company by 50.2% in the third quarter. TIAA CREF Investment Management LLC now owns 336,127 shares of the industrial products company’s stock worth $17,146,000 after buying an additional 112,360 shares in the last quarter. Quantbot Technologies LP acquired a new position in Bemis Company during the third quarter worth approximately $732,000. Finally, Dimensional Fund Advisors LP boosted its position in Bemis Company by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,189,623 shares of the industrial products company’s stock worth $56,893,000 after buying an additional 33,616 shares in the last quarter. 77.77% of the stock is currently owned by institutional investors.
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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