Stoneridge Investment Partners LLC purchased a new position in Bemis Company, Inc. (NYSE:BMS) during the second quarter, according to its most recent filing with the SEC. The fund purchased 6,739 shares of the industrial products company’s stock, valued at approximately $312,000.

A number of other hedge funds have also recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its stake 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 worth $1,138,000 after buying an additional 100 shares during the period. Stonebridge Capital Advisors LLC increased its stake 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 worth $225,000 after buying an additional 104 shares during the period. Creative Planning increased its stake 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 worth $610,000 after buying an additional 122 shares during the period. World Asset Management Inc increased its stake 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 worth $327,000 after buying an additional 124 shares during the period. Finally, Ffcm LLC increased its stake 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 worth $182,000 after buying an additional 154 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Bemis Company, Inc. (BMS) opened at 41.73 on Friday. The stock has a market capitalization of $3.79 billion, a P/E ratio of 18.82 and a beta of 0.90. The firm’s 50-day moving average is $45.10 and its 200 day moving average is $46.83. Bemis Company, Inc. has a 12-month low of $41.20 and a 12-month high of $53.10.

Bemis (NYSE:BMS) last issued its earnings results on Thursday, July 27th. The industrial products company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.56 by $0.08. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Bemis had a return on equity of 18.53% and a net margin of 5.18%. Bemis’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 earnings per share. Equities analysts expect that Bemis Company, Inc. will post $2.37 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 17th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.88%. Bemis’s payout ratio is currently 54.30%.

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A number of brokerages recently issued reports on BMS. Credit Suisse Group reissued a “hold” rating and set a $48.00 price target on shares of Bemis in a report on Friday, April 28th. BidaskClub downgraded shares of Bemis from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Citigroup Inc. reissued a “buy” rating on shares of Bemis in a report on Friday, April 14th. Royal Bank Of Canada reissued a “sell” rating on shares of Bemis in a report on Thursday, July 6th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $45.00 price target (up from $40.00) on shares of Bemis in a report on Friday, July 14th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $49.44.

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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Institutional Ownership by Quarter for Bemis (NYSE:BMS)

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