Whittier Trust Co. Has $5,034,000 Stake in Bemis Co. (BMS)
Whittier Trust Co. decreased its stake in Bemis Co. (NYSE:BMS) by 5.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,757 shares of the company’s stock after selling 5,709 shares during the period. Whittier Trust Co.’s holdings in Bemis were worth $5,034,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Magnetar Financial LLC acquired a new stake in Bemis during the first quarter valued at approximately $219,000. NEXT Financial Group Inc boosted its stake in Bemis by 107.0% in the second quarter. NEXT Financial Group Inc now owns 4,353 shares of the company’s stock valued at $224,000 after buying an additional 2,250 shares in the last quarter. LS Investment Advisors LLC boosted its stake in Bemis by 73.0% in the second quarter. LS Investment Advisors LLC now owns 5,725 shares of the company’s stock valued at $295,000 after buying an additional 2,416 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Bemis during the second quarter valued at approximately $330,000. Finally, Raymond James Trust N.A. boosted its stake in Bemis by 4.4% in the second quarter. Raymond James Trust N.A. now owns 6,614 shares of the company’s stock valued at $340,000 after buying an additional 280 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.
Shares of Bemis Co. (NYSE:BMS) traded up 0.79% during mid-day trading on Thursday, reaching $49.82. The company had a trading volume of 449,826 shares. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 21.28 and a beta of 0.65. The company has a 50 day moving average price of $51.35 and a 200 day moving average price of $51.04. Bemis Co. has a one year low of $40.76 and a one year high of $54.19.
Bemis (NYSE:BMS) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.67 EPS for the quarter, meeting analysts’ consensus estimates of $0.67. The business earned $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. Bemis had a return on equity of 19.75% and a net margin of 5.67%. Bemis’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 EPS. On average, analysts anticipate that Bemis Co. will post $2.72 EPS for the current year.
Several research firms recently commented on BMS. Jefferies Group decreased their target price on Bemis from $48.00 to $47.00 and set a “hold” rating for the company in a research note on Monday, August 1st. FIX began coverage on Bemis in a research note on Thursday, July 28th. They issued a “reduce” rating and a $28.00 price objective for the company. Citigroup Inc. raised their price objective on Bemis from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, July 19th. BMO Capital Markets reissued a “hold” rating on shares of Bemis in a research note on Friday, June 10th. Finally, Zacks Investment Research cut Bemis from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $49.75.
Bemis Company Profile
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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