Shelton Capital Management acquired a new position in shares of Bemis Company, Inc. (NYSE:BMS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 7,187 shares of the industrial products company’s stock, valued at approximately $332,000.

A number of other hedge funds have also recently bought and sold shares of the business. Sigma Planning Corp increased its position in Bemis by 0.5% during the 2nd quarter. Sigma Planning Corp now owns 13,484 shares of the industrial products company’s stock worth $624,000 after buying an additional 63 shares during the period. Stonebridge Capital Advisors LLC increased its position in Bemis by 2.3% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 4,604 shares of the industrial products company’s stock worth $225,000 after buying an additional 104 shares during the period. Advantus Capital Management Inc increased its position in Bemis by 1.6% during the 1st quarter. Advantus Capital Management Inc now owns 11,837 shares of the industrial products company’s stock worth $578,000 after buying an additional 191 shares during the period. Texas Permanent School Fund increased its position in Bemis by 0.3% during the 2nd quarter. Texas Permanent School Fund now owns 67,134 shares of the industrial products company’s stock worth $3,105,000 after buying an additional 199 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Bemis by 6.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,576 shares of the industrial products company’s stock worth $165,000 after buying an additional 201 shares during the period. Hedge funds and other institutional investors own 75.66% of the company’s stock.

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Bemis (NYSE:BMS) last announced its earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.08). The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. Bemis had a return on equity of 18.53% and a net margin of 5.18%. Bemis’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share.

Several research firms have weighed in on BMS. Jefferies Group LLC reiterated a “hold” rating and set a $44.00 price objective (down previously from $45.00) on shares of Bemis in a research report on Tuesday, August 1st. Royal Bank Of Canada reiterated a “sell” rating on shares of Bemis in a research report on Thursday, July 6th. UBS AG began coverage on Bemis in a research report on Tuesday, July 25th. They set a “buy” rating and a $55.00 price objective on the stock. BMO Capital Markets upgraded Bemis from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $48.00 to $52.00 in a research report on Thursday, June 22nd. Finally, BidaskClub cut Bemis from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Bemis has a consensus rating of “Hold” and an average price target of $48.80.

Bemis Company Profile

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.

Institutional Ownership by Quarter for Bemis (NYSE:BMS)

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