Canada Pension Plan Investment Board Takes $2.85 Million Position in Bemis Company, Inc. (BMS)
Canada Pension Plan Investment Board bought a new position in Bemis Company, Inc. (NYSE:BMS) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 62,600 shares of the industrial products company’s stock, valued at approximately $2,853,000. Canada Pension Plan Investment Board owned about 0.07% of Bemis as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of BMS. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Bemis by 6.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,576 shares of the industrial products company’s stock worth $165,000 after buying an additional 201 shares during the last quarter. Ffcm LLC boosted its stake in shares of Bemis by 6.4% in the second quarter. Ffcm LLC now owns 3,962 shares of the industrial products company’s stock worth $183,000 after buying an additional 238 shares during the last quarter. Acrospire Investment Management LLC purchased a new stake in shares of Bemis in the second quarter worth about $194,000. IHT Wealth Management LLC boosted its stake in shares of Bemis by 0.7% in the second quarter. IHT Wealth Management LLC now owns 731 shares of the industrial products company’s stock worth $211,000 after buying an additional 5 shares during the last quarter. Finally, Heartland Advisors Inc. purchased a new stake in shares of Bemis in the third quarter worth about $212,000. Hedge funds and other institutional investors own 74.39% of the company’s stock.
A number of analysts have recently commented on BMS shares. Barclays PLC upped their target price on Bemis from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. Bank of America Corporation upgraded Bemis from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $46.00 to $51.00 in a research report on Friday, September 15th. Zacks Investment Research upgraded Bemis from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. KeyCorp reiterated a “hold” rating on shares of Bemis in a research report on Friday, October 13th. Finally, Citigroup Inc. reiterated a “hold” rating on shares of Bemis in a research report on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $48.60.
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Shares of Bemis Company, Inc. (BMS) opened at $45.73 on Friday. Bemis Company, Inc. has a fifty-two week low of $40.60 and a fifty-two week high of $51.98. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.80 and a quick ratio of 0.91. The company has a market capitalization of $4,128.00, a P/E ratio of 18.71, a P/E/G ratio of 2.74 and a beta of 0.94.
Bemis (NYSE:BMS) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.65 by $0.05. Bemis had a return on equity of 17.83% and a net margin of 4.84%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. research analysts forecast that Bemis Company, Inc. will post 2.37 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.62%. Bemis’s dividend payout ratio is presently 57.14%.
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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