Keybank National Association OH Has $244,000 Holdings in Bemis Company, Inc. (BMS)
Keybank National Association OH held its stake in Bemis Company, Inc. (NYSE:BMS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,268 shares of the industrial products company’s stock at the end of the 2nd quarter. Keybank National Association OH’s holdings in Bemis were worth $244,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in BMS. BlackRock Inc. grew its position in shares of Bemis by 4,921.3% in the first quarter. BlackRock Inc. now owns 8,605,872 shares of the industrial products company’s stock valued at $420,485,000 after purchasing an additional 8,434,484 shares during the period. Deprince Race & Zollo Inc. purchased a new stake in shares of Bemis in the first quarter valued at $34,340,000. Marshall Wace North America L.P. grew its position in shares of Bemis by 1,361.1% in the second quarter. Marshall Wace North America L.P. now owns 666,999 shares of the industrial products company’s stock valued at $30,682,000 after purchasing an additional 621,350 shares during the period. Vanguard Group Inc. grew its position in shares of Bemis by 5.6% in the first quarter. Vanguard Group Inc. now owns 8,464,812 shares of the industrial products company’s stock valued at $413,591,000 after purchasing an additional 445,901 shares during the period. Finally, State Street Corp grew its position in shares of Bemis by 7.2% in the first quarter. State Street Corp now owns 6,241,068 shares of the industrial products company’s stock valued at $304,943,000 after purchasing an additional 419,542 shares during the period. 75.74% of the stock is owned by institutional investors and hedge funds.
BMS has been the subject of a number of recent analyst reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $48.00 price objective on shares of Bemis in a research report on Friday, June 2nd. BidaskClub raised Bemis from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Barclays PLC raised Bemis from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $43.00 to $54.00 in a research report on Tuesday, June 27th. Zacks Investment Research raised Bemis from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Royal Bank Of Canada reissued a “sell” rating on shares of Bemis in a research report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.10.
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Shares of Bemis Company, Inc. (NYSE:BMS) opened at 46.57 on Friday. The firm’s 50-day moving average price is $43.18 and its 200-day moving average price is $45.87. The stock has a market cap of $4.23 billion, a P/E ratio of 21.01 and a beta of 0.90. Bemis Company, Inc. has a 52-week low of $40.60 and a 52-week high of $51.98.
Bemis (NYSE:BMS) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.08). Bemis had a return on equity of 18.53% and a net margin of 5.18%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company posted $0.67 earnings per share. The company’s revenue was down .9% compared to the same quarter last year. On average, equities research analysts forecast that Bemis Company, Inc. will post $2.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 17th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Tuesday, August 15th. 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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