Bemis Company, Inc. (BMS) Stake Lifted by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. lifted its holdings in Bemis Company, Inc. (NYSE:BMS) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 438,993 shares of the industrial products company’s stock after purchasing an additional 11,850 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.48% of Bemis worth $20,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. NEXT Financial Group Inc raised its stake 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 worth $136,000 after purchasing an additional 700 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 worth $165,000 after purchasing an additional 846 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC purchased a new position in shares of Bemis in the first quarter worth $203,000. Burney Co. purchased a new position in shares of Bemis in the first quarter worth $213,000. Finally, Stonebridge Capital Advisors LLC raised its stake in shares of Bemis by 2.3% in the first quarter. Stonebridge Capital Advisors LLC now owns 4,604 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 75.65% of the company’s stock.
BMS has been the subject of a number of research reports. Barclays PLC upgraded Bemis from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $43.00 to $54.00 in a research report on Tuesday, June 27th. Citigroup Inc. reiterated a “hold” rating on shares of Bemis in a research report on Thursday, August 31st. TheStreet cut Bemis from a “b” rating to a “c+” rating in a research report on Thursday, July 27th. BidaskClub cut Bemis from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $48.00 price objective on shares of Bemis in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Bemis presently has an average rating of “Hold” and an average price target of $48.80.
Bemis Company, Inc. (NYSE:BMS) opened at 47.04 on Wednesday. Bemis Company, Inc. has a 1-year low of $40.60 and a 1-year high of $51.98. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 21.22 and a beta of 0.90. The stock has a 50 day moving average price of $43.45 and a 200-day moving average price of $45.78.
Bemis (NYSE:BMS) last released its quarterly earnings data 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). Bemis had a net margin of 5.18% and a return on equity of 18.53%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the business posted $0.67 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis. On average, equities research analysts forecast that Bemis Company, Inc. will post $2.37 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 17th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Tuesday, August 15th. Bemis’s dividend payout ratio (DPR) is presently 54.30%.
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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