WINTON GROUP Ltd Has $9.68 Million Position in Bemis Company, Inc. (BMS)
WINTON GROUP Ltd raised its stake in shares of Bemis Company, Inc. (NYSE:BMS) by 13.9% in the 3rd quarter, Holdings Channel reports. The firm owned 199,138 shares of the industrial products company’s stock after purchasing an additional 24,332 shares during the quarter. WINTON GROUP Ltd’s holdings in Bemis were worth $9,678,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. BlackRock Inc. raised its position in Bemis by 2.6% during the 2nd quarter. BlackRock Inc. now owns 8,323,221 shares of the industrial products company’s stock worth $351,323,000 after purchasing an additional 207,107 shares during the last quarter. American Century Companies Inc. raised its position in shares of Bemis by 6.0% in the 2nd quarter. American Century Companies Inc. now owns 6,167,279 shares of the industrial products company’s stock worth $260,321,000 after acquiring an additional 350,833 shares in the last quarter. Starboard Value LP raised its position in shares of Bemis by 48.7% in the 2nd quarter. Starboard Value LP now owns 2,959,487 shares of the industrial products company’s stock worth $124,920,000 after acquiring an additional 969,737 shares in the last quarter. Deprince Race & Zollo Inc. raised its position in shares of Bemis by 27.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 2,130,269 shares of the industrial products company’s stock worth $89,919,000 after acquiring an additional 454,372 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Bemis by 0.3% in the 2nd quarter. Northern Trust Corp now owns 876,900 shares of the industrial products company’s stock worth $37,015,000 after acquiring an additional 2,638 shares in the last quarter. 76.51% of the stock is owned by institutional investors and hedge funds.
Shares of BMS opened at $48.13 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.78 and a quick ratio of 0.90. The stock has a market capitalization of $4.37 billion, a PE ratio of 20.14, a PEG ratio of 2.34 and a beta of 0.92. Bemis Company, Inc. has a one year low of $40.86 and a one year high of $53.00.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.24 annualized dividend and a dividend yield of 2.58%. Bemis’s dividend payout ratio is presently 51.88%.
Several research analysts have recently weighed in on BMS shares. Zacks Investment Research lowered Bemis from a “hold” rating to a “sell” rating in a research report on Monday, October 1st. Jefferies Financial Group reissued a “hold” rating and issued a $54.00 price objective on shares of Bemis in a research report on Tuesday, August 7th. Robert W. Baird reissued a “hold” rating and issued a $57.00 price objective (up from $48.00) on shares of Bemis in a research report on Monday, August 6th. Royal Bank of Canada raised Bemis from an “underperform” rating to a “sector perform” rating and lifted their price objective for the stock from $44.00 to $46.00 in a research report on Wednesday, August 15th. Finally, UBS Group lowered Bemis from a “buy” rating to a “neutral” rating and set a $54.00 price objective for the company. in a research report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. Bemis currently has a consensus rating of “Hold” and a consensus target price of $49.50.
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Bemis Company Profile
Bemis Company, Inc manufactures and sells packaging products in the United States, Brazil, other Americas, Europe, and the Asia-Pacific. It operates through three segments: U.S. Packaging, Latin America Packaging, and Rest of World Packaging. The company offers multilayer polymer, blown, and cast film structures; and injection molded plastic, thermoformed plastic, and folding carton packaging products.
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