Cullinan Associates Inc. Continues to Hold Position in Bemis Company, Inc. (NYSE:BMS)
Cullinan Associates Inc. maintained its position in shares of Bemis Company, Inc. (NYSE:BMS) during the second quarter, according to its most recent filing with the SEC. The firm owned 8,529 shares of the industrial products company’s stock at the end of the second quarter. Cullinan Associates Inc.’s holdings in Bemis were worth $394,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in BMS. Advisory Services Network LLC acquired a new position in shares of Bemis during the first quarter valued at approximately $116,000. NEXT Financial Group Inc raised its position in shares of Bemis by 31.3% in the second quarter. NEXT Financial Group Inc now owns 2,935 shares of the industrial products company’s stock valued at $136,000 after buying an additional 700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Bemis by 33.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,375 shares of the industrial products company’s stock valued at $165,000 after buying an additional 846 shares during the period. Ffcm LLC increased its stake in Bemis by 4.3% in the first quarter. Ffcm LLC now owns 3,724 shares of the industrial products company’s stock valued at $182,000 after buying an additional 154 shares in the last quarter. Finally, Americafirst Capital Management LLC purchased a new stake in Bemis during the first quarter valued at about $202,000. Institutional investors own 80.43% of the company’s stock.
Shares of Bemis Company, Inc. (NYSE:BMS) opened at 42.43 on Monday. The firm has a market cap of $3.85 billion, a PE ratio of 19.14 and a beta of 0.90. Bemis Company, Inc. has a 12 month low of $42.13 and a 12 month high of $53.10. The company’s 50 day moving average is $45.82 and its 200-day moving average is $47.21.
Bemis (NYSE:BMS) last posted its earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.08. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Bemis had a net margin of 5.18% and a return on equity of 18.53%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 EPS. Equities research analysts predict that Bemis Company, Inc. will post $2.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.83%. Bemis’s dividend payout ratio (DPR) is presently 54.30%.
BMS has been the subject of several recent analyst reports. Citigroup Inc. reaffirmed a “buy” rating on shares of Bemis in a report on Friday, April 14th. Zacks Investment Research raised shares of Bemis from a “sell” rating to a “hold” rating in a report on Monday, April 17th. Credit Suisse Group reissued a “hold” rating and issued a $48.00 price target on shares of Bemis in a report on Friday, April 28th. SunTrust Banks, Inc. downgraded shares of Bemis from a “buy” rating to a “hold” rating and reduced their price target for the company from $55.00 to $49.00 in a report on Friday, April 28th. Finally, Barclays PLC increased their price target on shares of Bemis from $43.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, May 1st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $49.44.
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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