Shares of Bemis Company, Inc. (NYSE:BMS) gapped up before the market opened on Monday . The stock had previously closed at $50.42, but opened at $49.22. Bemis shares last traded at $47.55, with a volume of 1,488,430 shares changing hands.
BMS has been the topic of several recent research reports. Barclays PLC raised Bemis from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $43.00 to $54.00 in a research report on Tuesday, June 27th. TheStreet cut Bemis from a “b” rating to a “c+” rating in a research report on Thursday, July 27th. BidaskClub cut Bemis from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Citigroup Inc. reaffirmed a “hold” rating on shares of Bemis in a research report on Thursday, August 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $48.00 target price on shares of Bemis in a research report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Bemis currently has an average rating of “Hold” and an average target price of $49.30.
The firm has a market capitalization of $4.35 billion, a PE ratio of 21.60 and a beta of 0.90. The firm has a 50 day moving average price of $42.88 and a 200-day moving average price of $45.91.
Bemis (NYSE:BMS) last issued its earnings results on Thursday, July 27th. The industrial products company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by $0.08. Bemis had a return on equity of 18.53% and a net margin of 5.18%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $0.67 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. Equities analysts expect that Bemis Company, Inc. will post $2.37 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, August 17th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.20 annualized dividend and a yield of 2.51%. Bemis’s dividend payout ratio is presently 54.30%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new position in Bemis in the second quarter valued at $626,000. Public Employees Retirement System of Ohio boosted its stake in Bemis by 3.1% in the second quarter. Public Employees Retirement System of Ohio now owns 33,293 shares of the industrial products company’s stock valued at $1,540,000 after acquiring an additional 1,011 shares in the last quarter. Verition Fund Management LLC boosted its stake in Bemis by 192.2% in the second quarter. Verition Fund Management LLC now owns 17,679 shares of the industrial products company’s stock valued at $818,000 after acquiring an additional 11,629 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in Bemis by 3.9% in the second quarter. Ameritas Investment Partners Inc. now owns 37,488 shares of the industrial products company’s stock valued at $1,732,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new position in Bemis in the second quarter valued at $265,000. Institutional investors own 75.74% of the company’s stock.
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Bemis 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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