WealthTrust Axiom LLC Has $1,181,000 Position in Bemis Co. (BMS)
WealthTrust Axiom LLC lowered its position in shares of Bemis Co. (NYSE:BMS) by 0.5% during the second quarter, Holdings Channel reports. The fund owned 22,937 shares of the company’s stock after selling 125 shares during the period. WealthTrust Axiom LLC’s holdings in Bemis were worth $1,181,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Bemis during the fourth quarter worth $47,223,000. BlackRock Institutional Trust Company N.A. increased its position in shares of Bemis by 12.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,250,552 shares of the company’s stock worth $168,314,000 after buying an additional 362,058 shares during the period. Renaissance Technologies LLC increased its position in shares of Bemis by 36.6% in the first quarter. Renaissance Technologies LLC now owns 857,700 shares of the company’s stock worth $44,412,000 after buying an additional 230,000 shares during the period. TIAA CREF Investment Management LLC increased its position in shares of Bemis by 81.9% in the first quarter. TIAA CREF Investment Management LLC now owns 441,811 shares of the company’s stock worth $22,877,000 after buying an additional 198,916 shares during the period. Finally, BlackRock Group LTD increased its position in shares of Bemis by 22.5% in the first quarter. BlackRock Group LTD now owns 530,865 shares of the company’s stock worth $27,487,000 after buying an additional 97,435 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.
Bemis Co. (NYSE:BMS) traded up 0.80% during trading on Thursday, reaching $51.38. 639,786 shares of the company traded hands. Bemis Co. has a 52 week low of $38.91 and a 52 week high of $54.19. The firm has a 50-day moving average price of $51.35 and a 200-day moving average price of $51.14. The company has a market capitalization of $4.87 billion, a P/E ratio of 21.95 and a beta of 0.66.
Bemis (NYSE:BMS) last announced its earnings results on Thursday, July 28th. The company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. Bemis had a net margin of 5.67% and a return on equity of 19.75%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the firm posted $0.67 earnings per share. Analysts forecast that Bemis Co. will post $2.72 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Wednesday, August 17th were given a dividend of $0.29 per share. The ex-dividend date was Monday, August 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.26%. Bemis’s dividend payout ratio (DPR) is presently 49.57%.
Several research firms have weighed in on BMS. Jefferies Group increased their price target on shares of Bemis from $44.00 to $48.00 and gave the stock a “hold” rating in a research report on Thursday, July 14th. BMO Capital Markets reiterated a “hold” rating on shares of Bemis in a research report on Friday, June 10th. Goldman Sachs Group Inc. reiterated a “hold” rating on shares of Bemis in a research report on Thursday, June 2nd. FIX began coverage on shares of Bemis in a research report on Thursday, July 28th. They issued a “reduce” rating and a $28.00 price target on the stock. Finally, Citigroup Inc. increased their price target on shares of Bemis from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 19th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $49.75.
Bemis Company, Inc is a manufacturer of packaging products. The Company operates through two business segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment represents food, consumer and industrial products packaging-related manufacturing operations in the United States. The U.S. Packaging segment manufactures multilayer polymer, blown and cast film structures to produce packaging sold for food and personal care product applications, as well as non-food applications.
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