Bemis Company, Inc. (NYSE:BMS) Position Increased by Sigma Planning Corp

Sigma Planning Corp boosted its stake in shares of Bemis Company, Inc. (NYSE:BMS) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,484 shares of the industrial products company’s stock after buying an additional 63 shares during the period. Sigma Planning Corp’s holdings in Bemis were worth $624,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of BMS. BlackRock Inc. increased its stake in shares of Bemis by 4,921.3% in the first quarter. BlackRock Inc. now owns 8,605,872 shares of the industrial products company’s stock valued at $420,485,000 after buying an additional 8,434,484 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Bemis by 5.6% in the first quarter. Vanguard Group Inc. now owns 8,464,812 shares of the industrial products company’s stock valued at $413,591,000 after buying an additional 445,901 shares in the last quarter. State Street Corp increased its stake in shares of Bemis by 7.2% in the first quarter. State Street Corp now owns 6,241,068 shares of the industrial products company’s stock valued at $304,943,000 after buying an additional 419,542 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Bemis by 41.6% in the first quarter. American Century Companies Inc. now owns 6,165,677 shares of the industrial products company’s stock valued at $301,255,000 after buying an additional 1,811,549 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Bemis by 42.9% in the first quarter. Wells Fargo & Company MN now owns 1,325,238 shares of the industrial products company’s stock valued at $64,750,000 after buying an additional 397,638 shares in the last quarter. Institutional investors own 80.34% of the company’s stock.

Bemis Company, Inc. (BMS) opened at 41.73 on Monday. The company has a 50 day moving average price of $45.10 and a 200-day moving average price of $46.83. The company has a market capitalization of $3.79 billion, a PE ratio of 18.82 and a beta of 0.90. Bemis Company, Inc. has a 12-month low of $41.20 and a 12-month high of $53.10.

Bemis (NYSE:BMS) last released its earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.08. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. Bemis had a return on equity of 18.53% and a net margin of 5.18%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the company posted $0.67 earnings per share. On average, analysts anticipate that Bemis Company, Inc. will post $2.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 17th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.88%. The ex-dividend date is Tuesday, August 15th. Bemis’s dividend payout ratio (DPR) is presently 54.30%.

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BMS has been the topic of several recent analyst reports. Royal Bank Of Canada reduced their target price on shares of Bemis from $46.00 to $41.00 and set an “underperform” rating on the stock in a research note on Friday, April 28th. SunTrust Banks, Inc. downgraded shares of Bemis from a “buy” rating to a “hold” rating and reduced their target price for the company from $55.00 to $49.00 in a research note on Friday, April 28th. BidaskClub upgraded shares of Bemis from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Jefferies Group LLC reduced their target price on shares of Bemis from $46.00 to $40.00 and set a “hold” rating on the stock in a research note on Tuesday, May 2nd. Finally, Deutsche Bank AG reduced their target price on shares of Bemis from $52.00 to $48.00 and set a “hold” rating on the stock in a research note on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $49.44.

About Bemis

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.

Institutional Ownership by Quarter for Bemis (NYSE:BMS)

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