Dean Investment Associates LLC Has $709,000 Position in Bemis Company, Inc. (BMS)
Dean Investment Associates LLC continued to hold its stake in Bemis Company, Inc. (NYSE:BMS) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,507 shares of the industrial products company’s stock at the close of the second quarter. Dean Investment Associates LLC’s holdings in Bemis were worth $709,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in shares of Bemis by 19.5% in the second quarter. Ameriprise Financial Inc. now owns 490,459 shares of the industrial products company’s stock valued at $22,684,000 after purchasing an additional 80,069 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Bemis by 0.9% in the second quarter. Teachers Advisors LLC now owns 107,621 shares of the industrial products company’s stock valued at $4,977,000 after purchasing an additional 951 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of Bemis in the second quarter valued at $468,000. Stephens Inc. AR raised its stake in shares of Bemis by 30.3% in the second quarter. Stephens Inc. AR now owns 8,207 shares of the industrial products company’s stock valued at $380,000 after purchasing an additional 1,909 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its stake in shares of Bemis by 225.3% in the second quarter. Riverhead Capital Management LLC now owns 88,478 shares of the industrial products company’s stock valued at $4,092,000 after purchasing an additional 61,278 shares in the last quarter. Institutional investors and hedge funds own 75.74% of the company’s stock.
BMS has been the subject of several recent analyst reports. BidaskClub upgraded Bemis from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Barclays PLC upgraded Bemis from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $43.00 to $54.00 in a research note on Tuesday, June 27th. Citigroup Inc. reiterated a “hold” rating on shares of Bemis in a research note on Thursday, August 31st. Royal Bank Of Canada reiterated a “sell” rating on shares of Bemis in a research note on Thursday, July 6th. Finally, Bank of America Corporation upgraded Bemis from an “underperform” rating to a “neutral” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Bemis has an average rating of “Hold” and a consensus target price of $49.10.
Bemis Company, Inc. (NYSE:BMS) traded up 0.51% during trading on Friday, reaching $46.95. The company had a trading volume of 93,993 shares. Bemis Company, Inc. has a 12-month low of $40.60 and a 12-month high of $51.98. The firm’s 50 day moving average price is $43.10 and its 200 day moving average price is $45.89. The firm has a market capitalization of $4.26 billion, a PE ratio of 21.18 and a beta of 0.90.
Bemis (NYSE:BMS) last issued its earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share (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 during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company earned $0.67 EPS. Bemis’s revenue for the quarter was down .9% on a year-over-year basis. Analysts anticipate that Bemis Company, Inc. will post $2.37 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, August 17th were given a $0.30 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.57%. Bemis’s dividend payout ratio (DPR) is presently 54.30%.
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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