Nisa Investment Advisors LLC maintained its position in shares of Bemis Company, Inc. (NYSE:BMS) during the second quarter, Holdings Channel reports. The firm owned 11,300 shares of the industrial products company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Bemis were worth $509,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BMS. Louisiana State Employees Retirement System raised its position in shares of Bemis by 0.4% in the first quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the industrial products company’s stock valued at $1,138,000 after buying an additional 100 shares in the last quarter. Stonebridge Capital Advisors LLC raised its position in shares of Bemis by 2.3% in the first quarter. Stonebridge Capital Advisors LLC now owns 4,604 shares of the industrial products company’s stock valued at $225,000 after buying an additional 104 shares in the last quarter. Creative Planning raised its position in shares of Bemis by 1.0% in the first quarter. Creative Planning now owns 12,488 shares of the industrial products company’s stock valued at $610,000 after buying an additional 122 shares in the last quarter. World Asset Management Inc raised its position in shares of Bemis by 1.9% in the first quarter. World Asset Management Inc now owns 6,687 shares of the industrial products company’s stock valued at $327,000 after buying an additional 124 shares in the last quarter. Finally, Ffcm LLC raised its position in shares of Bemis by 4.3% in the first quarter. Ffcm LLC now owns 3,724 shares of the industrial products company’s stock valued at $182,000 after buying an additional 154 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Bemis Company, Inc. (BMS) traded down 1.035% during trading on Thursday, hitting $41.605. The stock had a trading volume of 272,139 shares. The stock’s 50-day moving average is $45.29 and its 200-day moving average is $46.93. Bemis Company, Inc. has a 52-week low of $41.54 and a 52-week high of $53.10. The stock has a market capitalization of $3.78 billion, a PE ratio of 18.766 and a beta of 0.90.

Bemis (NYSE:BMS) last issued its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by $0.08. Bemis had a net margin of 5.18% and a return on equity of 18.53%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $0.67 EPS. Bemis’s revenue for the quarter was down .9% compared to the same quarter last year. On average, analysts predict that Bemis Company, Inc. will post $2.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 17th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Tuesday, August 15th. Bemis’s dividend payout ratio (DPR) is presently 54.30%.

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Several brokerages have commented on BMS. Credit Suisse Group reissued a “hold” rating and set a $48.00 price objective on shares of Bemis in a research report on Friday, April 28th. Citigroup Inc. reissued a “buy” rating on shares of Bemis in a research report on Friday, April 14th. BidaskClub raised Bemis from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Royal Bank Of Canada reissued a “sell” rating on shares of Bemis in a research report on Thursday, July 6th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $45.00 price objective (up previously from $40.00) on shares of Bemis in a research report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $49.44.

About Bemis

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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Institutional Ownership by Quarter for Bemis (NYSE:BMS)

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