Segall Bryant & Hamill LLC raised its position in shares of Bemis Company, Inc. (NYSE:BMS) by 23.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 709,279 shares of the industrial products company’s stock after purchasing an additional 133,759 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Bemis were worth $30,868,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Bemis by 28.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,009 shares of the industrial products company’s stock valued at $239,000 after purchasing an additional 1,118 shares during the period. Hsbc Holdings PLC increased its stake in shares of Bemis by 1.4% in the first quarter. Hsbc Holdings PLC now owns 89,950 shares of the industrial products company’s stock worth $3,914,000 after acquiring an additional 1,268 shares during the last quarter. Whittier Trust Co. increased its stake in shares of Bemis by 2.0% in the first quarter. Whittier Trust Co. now owns 65,696 shares of the industrial products company’s stock worth $2,859,000 after acquiring an additional 1,316 shares during the last quarter. Flinton Capital Management LLC increased its stake in shares of Bemis by 1.0% in the fourth quarter. Flinton Capital Management LLC now owns 139,162 shares of the industrial products company’s stock worth $6,651,000 after acquiring an additional 1,326 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of Bemis by 9.1% in the first quarter. LPL Financial LLC now owns 21,371 shares of the industrial products company’s stock worth $930,000 after acquiring an additional 1,786 shares during the last quarter. 75.30% of the stock is currently owned by institutional investors.
A number of equities analysts have recently weighed in on the stock. TheStreet raised shares of Bemis from a “c” rating to a “b-” rating in a research note on Thursday, April 26th. Citigroup dropped their price target on shares of Bemis from $49.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, April 5th. Zacks Investment Research downgraded shares of Bemis from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Jefferies Financial Group assumed coverage on shares of Bemis in a report on Friday, May 18th. They set a “hold” rating and a $46.00 price target for the company. Finally, ValuEngine cut shares of Bemis from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $49.00.
Bemis traded up $0.23, hitting $42.92, during mid-day trading on Thursday, Marketbeat.com reports. The company’s stock had a trading volume of 2,869 shares, compared to its average volume of 591,080. Bemis Company, Inc. has a fifty-two week low of $40.60 and a fifty-two week high of $49.84. The company has a quick ratio of 0.96, a current ratio of 1.88 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $3.92 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 2.20 and a beta of 0.84.
Bemis (NYSE:BMS) last posted its quarterly earnings results on Thursday, April 26th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. Bemis had a net margin of 2.22% and a return on equity of 17.91%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 earnings per share. research analysts expect that Bemis Company, Inc. will post 2.79 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Thursday, May 17th were issued a dividend of $0.31 per share. This is a positive change from Bemis’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, May 16th. This represents a $1.24 annualized dividend and a dividend yield of 2.89%. Bemis’s dividend payout ratio (DPR) is presently 51.88%.
Bemis Company, Inc manufactures and sells packaging products in the United States, Brazil, other Americas, Europe, and the Asia-Pacific. It operates through three segments: U.S. Packaging, Latin America Packaging, and Rest of World Packaging. The company offers multilayer polymer, blown, and cast film structures; and injection molded plastic, thermoformed plastic, and folding carton packaging products.
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