Nuance Investments LLC boosted its stake in Bemis Company, Inc. (NYSE:BMS) by 140.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 129,024 shares of the industrial products company’s stock after buying an additional 75,430 shares during the period. Nuance Investments LLC owned approximately 0.14% of Bemis worth $5,967,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BMS. Sigma Planning Corp boosted its position in Bemis by 0.5% in the second quarter. Sigma Planning Corp now owns 13,484 shares of the industrial products company’s stock valued at $624,000 after buying an additional 63 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its position in Bemis by 2.3% in the first quarter. Stonebridge Capital Advisors LLC now owns 4,604 shares of the industrial products company’s stock valued at $225,000 after buying an additional 104 shares during the last quarter. World Asset Management Inc boosted its position in Bemis by 1.9% in the first quarter. World Asset Management Inc now owns 6,687 shares of the industrial products company’s stock valued at $327,000 after buying an additional 124 shares during the last quarter. Ffcm LLC boosted its position 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 during the last quarter. Finally, Advantus Capital Management Inc boosted its position in Bemis by 1.6% in the first quarter. Advantus Capital Management Inc now owns 11,837 shares of the industrial products company’s stock valued at $578,000 after buying an additional 191 shares during the last quarter. 75.74% of the stock is currently owned by hedge funds and other institutional investors.

Bemis Company, Inc. (NYSE:BMS) opened at 43.19 on Friday. Bemis Company, Inc. has a 1-year low of $41.13 and a 1-year high of $53.10. The company has a 50-day moving average price of $43.23 and a 200-day moving average price of $46.09. The company has a market cap of $3.92 billion, a PE ratio of 19.48 and a beta of 0.90.

Bemis (NYSE:BMS) last issued its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.56 by $0.08. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. Bemis had a net margin of 5.18% and a return on equity of 18.53%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 earnings per share. On average, analysts expect that Bemis Company, Inc. will post $2.37 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 17th will be given a $0.30 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.20 annualized dividend and a yield of 2.82%. Bemis’s dividend payout ratio (DPR) is 54.30%.

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Several research analysts have recently weighed in on the stock. Citigroup Inc. reaffirmed a “hold” rating on shares of Bemis in a report on Thursday. Robert W. Baird reaffirmed a “hold” rating and issued a $48.00 price target on shares of Bemis in a report on Friday. UBS AG assumed coverage on shares of Bemis in a report on Tuesday, July 25th. They issued a “buy” rating and a $55.00 price target on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $44.00 price target (down previously from $45.00) on shares of Bemis in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada reaffirmed a “sell” rating on shares of Bemis in a report on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $49.30.

About Bemis

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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Institutional Ownership by Quarter for Bemis (NYSE:BMS)

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