Rowland & Co. Investment Counsel ADV cut its position in Bemis Company, Inc. (NYSE:BMS) by 9.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 49,717 shares of the industrial products company’s stock after selling 5,104 shares during the period. Rowland & Co. Investment Counsel ADV’s holdings in Bemis were worth $2,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC boosted its stake in Bemis by 0.7% in the 2nd quarter. IHT Wealth Management LLC now owns 731 shares of the industrial products company’s stock valued at $211,000 after purchasing an additional 5 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Bemis by 6.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,576 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 201 shares during the period. Acrospire Investment Management LLC bought a new stake in Bemis in the 2nd quarter valued at $194,000. Heartland Advisors Inc. bought a new stake in Bemis in the 3rd quarter valued at $212,000. Finally, Janus Henderson Group PLC bought a new stake in Bemis in the 2nd quarter valued at $222,000. Institutional investors and hedge funds own 75.86% of the company’s stock.
BMS has been the subject of several recent research reports. KeyCorp restated a “hold” rating on shares of Bemis in a research note on Friday, October 13th. Bank of America upgraded Bemis from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $46.00 to $51.00 in a research note on Friday, September 15th. Barclays boosted their price target on Bemis from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. SunTrust Banks restated a “hold” rating and issued a $47.00 price target (down from $49.00) on shares of Bemis in a research note on Thursday, September 14th. Finally, Zacks Investment Research downgraded Bemis from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Bemis has an average rating of “Hold” and a consensus price target of $48.60.
Bemis (NYSE:BMS) last announced its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.05. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Bemis had a return on equity of 17.83% and a net margin of 4.84%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 EPS. equities research analysts expect that Bemis Company, Inc. will post 2.37 earnings per share for the current fiscal year.
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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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