Crossmark Global Holdings Inc. Invests $512,000 in Bemis Company, Inc. (BMS)
Crossmark Global Holdings Inc. purchased a new stake in Bemis Company, Inc. (NYSE:BMS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,225 shares of the industrial products company’s stock, valued at approximately $512,000.
Other institutional investors have also bought and sold shares of the company. 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 valued at $211,000 after buying an additional 5 shares in the last quarter. 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 valued at $165,000 after buying an additional 201 shares in 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 valued at $183,000 after buying an additional 238 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in shares of Bemis in the second quarter valued at approximately $194,000. Finally, Heartland Advisors Inc. purchased a new stake in shares of Bemis in the third quarter valued at approximately $212,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.
A number of analysts have commented on the company. Zacks Investment Research upgraded Bemis from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Jefferies Group LLC reiterated a “hold” rating and set a $44.00 target price (down from $45.00) on shares of Bemis in a research report on Tuesday, August 1st. UBS AG assumed coverage on Bemis in a research report on Tuesday, July 25th. They set a “buy” rating and a $55.00 target price on the stock. KeyCorp reiterated a “hold” rating on shares of Bemis in a research report on Tuesday, October 24th. Finally, Robert W. Baird reiterated a “hold” rating and set a $48.00 target price on shares of Bemis in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $48.60.
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Bemis Company, Inc. (BMS) opened at $45.95 on Monday. Bemis Company, Inc. has a 1-year low of $40.60 and a 1-year high of $51.98. The firm has a market capitalization of $4,172.49, a price-to-earnings ratio of 18.91, a PEG ratio of 2.77 and a beta of 0.94. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.80 and a quick ratio of 0.91.
Bemis (NYSE:BMS) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.70 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. equities research analysts anticipate 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.61%. Bemis’s dividend payout ratio (DPR) is 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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