Northwestern Mutual Wealth Management Co. held its stake in shares of Bemis Company, Inc. (NYSE:BMS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,060 shares of the industrial products company’s stock at the end of the 2nd quarter. Northwestern Mutual Wealth Management Co.’s holdings in Bemis were worth $188,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. LSV Asset Management boosted its stake in Bemis by 5.3% during the 2nd quarter. LSV Asset Management now owns 700,400 shares of the industrial products company’s stock worth $32,393,000 after purchasing an additional 35,200 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Bemis by 6.3% during the 1st quarter. Prudential Financial Inc. now owns 76,915 shares of the industrial products company’s stock valued at $3,758,000 after acquiring an additional 4,540 shares during the last quarter. Marshall Wace North America L.P. boosted its position in shares of Bemis by 1,361.1% during the 2nd 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 acquiring an additional 621,350 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Bemis by 250.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 106,947 shares of the industrial products company’s stock valued at $4,946,000 after acquiring an additional 76,416 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its position in shares of Bemis by 17.9% during the 2nd quarter. Federated Investors Inc. PA now owns 46,617 shares of the industrial products company’s stock valued at $2,156,000 after acquiring an additional 7,081 shares during the last quarter. 75.65% of the stock is currently owned by institutional investors.

Shares of Bemis Company, Inc. (NYSE BMS) opened at 47.04 on Wednesday. The company has a 50-day moving average of $43.45 and a 200 day moving average of $45.78. Bemis Company, Inc. has a one year low of $40.60 and a one year high of $51.98. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 21.22 and a beta of 0.90.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Thursday, August 17th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Tuesday, August 15th. Bemis’s payout ratio is currently 54.30%.

Several research analysts have recently weighed in on BMS shares. UBS AG started coverage on shares of Bemis in a research report on Tuesday, July 25th. They set a “buy” rating and a $55.00 price target on the stock. TheStreet cut shares of Bemis from a “b” rating to a “c+” rating in a research report on Thursday, July 27th. Jefferies Group LLC reissued a “hold” rating and set a $45.00 price target (up previously from $40.00) on shares of Bemis in a research report on Friday, July 14th. BidaskClub raised shares of Bemis from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, BMO Capital Markets reissued a “hold” rating and set a $48.00 price target on shares of Bemis in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Bemis presently has an average rating of “Hold” and an average price target of $48.80.

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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.

Institutional Ownership by Quarter for Bemis (NYSE:BMS)

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