IHT Wealth Management LLC raised its position in Bemis Company, Inc. (NYSE:BMS) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 731 shares of the industrial products company’s stock after buying an additional 5 shares during the period. IHT Wealth Management LLC’s holdings in Bemis were worth $211,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its holdings in Bemis by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 135,019 shares of the industrial products company’s stock worth $6,244,000 after buying an additional 1,554 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Bemis in the 2nd quarter worth about $268,000. Cubist Systematic Strategies LLC boosted its holdings in Bemis by 368.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 19,554 shares of the industrial products company’s stock worth $904,000 after buying an additional 15,377 shares during the last quarter. Green Square Capital LLC boosted its holdings in Bemis by 17.6% in the 2nd quarter. Green Square Capital LLC now owns 8,651 shares of the industrial products company’s stock worth $400,000 after buying an additional 1,297 shares during the last quarter. Finally, BlueCrest Capital Management Ltd boosted its holdings in Bemis by 470.9% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 26,445 shares of the industrial products company’s stock worth $1,223,000 after buying an additional 21,813 shares during the last quarter. Institutional investors own 75.66% of the company’s stock.
Several research firms recently issued reports on BMS. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $47.00 price objective (down from $49.00) on shares of Bemis in a report on Thursday, September 14th. BidaskClub upgraded Bemis from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Jefferies Group LLC reiterated a “hold” rating and issued a $45.00 price objective (up from $40.00) on shares of Bemis in a report on Friday, July 14th. Royal Bank Of Canada reiterated a “sell” rating on shares of Bemis in a report on Thursday, July 6th. Finally, UBS AG began coverage on Bemis in a report on Tuesday, July 25th. They issued a “buy” rating and a $55.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Bemis presently has a consensus rating of “Hold” and an average price target of $48.80.
Shares of Bemis Company, Inc. (NYSE:BMS) traded down 0.55% on Wednesday, hitting $46.66. The stock had a trading volume of 30,644 shares. The company’s 50 day moving average is $45.33 and its 200 day moving average is $45.51. The stock has a market cap of $4.24 billion, a PE ratio of 21.11 and a beta of 0.90. Bemis Company, Inc. has a one year low of $40.60 and a one year high of $51.98.
Bemis (NYSE:BMS) last released its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.08). The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. Bemis had a net margin of 5.18% and a return on equity of 18.53%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. Equities research analysts predict that Bemis Company, Inc. will post $2.37 EPS for the current fiscal year.
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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