Bemis Co. (NYSE:BMS) Director Edward N. Perry sold 1,561 shares of the stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $49.40, for a total value of $77,113.40. Following the completion of the sale, the director now owns 96,577 shares in the company, valued at approximately $4,770,903.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Bemis Co. (NYSE:BMS) traded up 0.20% during mid-day trading on Thursday, reaching $49.92. The company had a trading volume of 855,264 shares. The stock has a market capitalization of $4.68 billion, a P/E ratio of 20.64 and a beta of 0.89. Bemis Co. has a 12-month low of $42.45 and a 12-month high of $54.19. The stock has a 50 day moving average price of $49.25 and a 200-day moving average price of $50.47.

Bemis (NYSE:BMS) last issued its earnings results on Thursday, October 27th. The company reported $0.75 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.75. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.06 billion. Bemis had a return on equity of 20.19% and a net margin of 5.81%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 earnings per share. Equities analysts anticipate that Bemis Co. will post $2.68 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be paid a $0.29 dividend. The ex-dividend date is Monday, November 14th. This represents a $1.16 annualized dividend and a dividend yield of 2.32%. Bemis’s payout ratio is presently 47.93%.

A number of research analysts have commented on the company. BMO Capital Markets reaffirmed a “market perform” rating and issued a $52.00 price objective on shares of Bemis in a report on Tuesday, August 2nd. Zacks Investment Research raised Bemis from a “sell” rating to a “hold” rating in a report on Friday, November 18th. Jefferies Group reaffirmed a “hold” rating and issued a $46.00 price objective (down from $47.00) on shares of Bemis in a report on Tuesday, November 1st. FIX assumed coverage on Bemis in a report on Thursday, July 28th. They issued a “reduce” rating and a $28.00 price objective on the stock. Finally, Bank of America Corp. lowered Bemis from a “buy” rating to a “neutral” rating and set a $54.00 price objective on the stock. in a report on Friday, October 28th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $50.42.

Several hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its stake in shares of Bemis by 53.6% in the second quarter. BNP Paribas Arbitrage SA now owns 55,756 shares of the company’s stock valued at $2,871,000 after buying an additional 19,455 shares during the last quarter. TD Asset Management Inc. raised its stake in shares of Bemis by 8.8% in the second quarter. TD Asset Management Inc. now owns 4,315 shares of the company’s stock valued at $222,000 after buying an additional 349 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Bemis during the second quarter valued at about $1,373,000. First Republic Investment Management Inc. raised its stake in shares of Bemis by 26.1% in the first quarter. First Republic Investment Management Inc. now owns 42,403 shares of the company’s stock valued at $2,196,000 after buying an additional 8,789 shares during the last quarter. Finally, Societe Generale purchased a new stake in shares of Bemis during the second quarter valued at about $2,292,000. Hedge funds and other institutional investors own 75.68% of the company’s stock.

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About Bemis

Bemis Company, Inc is a manufacturer of packaging products. The Company operates through two business segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment represents food, consumer and industrial products packaging-related manufacturing operations in the United States. The U.S. Packaging segment manufactures multilayer polymer, blown and cast film structures to produce packaging sold for food and personal care product applications, as well as non-food applications.

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