Cubist Systematic Strategies LLC increased its holdings in shares of Bemis Company, Inc. (NYSE:BMS) by 262.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,801 shares of the industrial products company’s stock after acquiring an additional 51,247 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.08% of Bemis worth $3,226,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Marshall Wace North America L.P. raised its holdings in Bemis by 1,361.1% in the second quarter. Marshall Wace North America L.P. now owns 666,999 shares of the industrial products company’s stock worth $30,682,000 after buying an additional 621,350 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in Bemis in the third quarter worth about $13,671,000. PGGM Investments raised its holdings in Bemis by 169.4% in the third quarter. PGGM Investments now owns 366,664 shares of the industrial products company’s stock worth $16,709,000 after buying an additional 230,554 shares during the last quarter. Epoch Investment Partners Inc. raised its holdings in Bemis by 63.6% in the second quarter. Epoch Investment Partners Inc. now owns 552,534 shares of the industrial products company’s stock worth $25,555,000 after buying an additional 214,801 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Bemis by 28.9% in the third quarter. Ameriprise Financial Inc. now owns 632,205 shares of the industrial products company’s stock worth $28,807,000 after buying an additional 141,746 shares during the last quarter. 75.89% of the stock is currently owned by institutional investors and hedge funds.
BMS has been the subject of several research reports. SunTrust Banks reissued a “hold” rating and set a $47.00 price objective (down from $49.00) on shares of Bemis in a report on Thursday, September 14th. KeyCorp reissued a “hold” rating on shares of Bemis in a report on Tuesday, October 24th. Robert W. Baird reissued a “hold” rating and set a $48.00 price objective on shares of Bemis in a report on Friday, September 1st. Citigroup reissued a “hold” rating on shares of Bemis in a report on Thursday, August 31st. Finally, Zacks Investment Research raised shares of Bemis from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. Bemis presently has an average rating of “Hold” and an average target price of $48.60.
Shares of Bemis Company, Inc. (NYSE BMS) opened at $47.02 on Wednesday. Bemis Company, Inc. has a twelve month low of $40.60 and a twelve month high of $51.98. The company has a market cap of $4,266.02, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 2.83 and a beta of 0.96. The company has a current ratio of 1.80, a quick ratio of 0.91 and a debt-to-equity ratio of 1.20.
Bemis (NYSE:BMS) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.05. Bemis had a net margin of 4.84% and a return on equity of 17.83%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. equities research analysts predict 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, December 1st. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.55%. Bemis’s dividend payout ratio is currently 57.14%.
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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.
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