NWQ Investment Management Company LLC bought a new position in shares of Bemis Company, Inc. (NYSE:BMS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 287,260 shares of the industrial products company’s stock, valued at approximately $13,728,000.
Other large investors also recently made changes to their positions in the company. MAI Capital Management bought a new position in Bemis during the 4th quarter worth $204,000. Private Trust Co. NA bought a new position in Bemis during the 4th quarter worth $205,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Bemis by 28.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,009 shares of the industrial products company’s stock worth $239,000 after purchasing an additional 1,118 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Bemis during the 4th quarter worth $253,000. Finally, Investors Research Corp acquired a new stake in Bemis during the 4th quarter worth about $256,000. 77.54% of the stock is owned by institutional investors and hedge funds.
Shares of Bemis Company, Inc. (BMS) opened at $45.92 on Wednesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.86 and a quick ratio of 0.93. The company has a market capitalization of $4,175.78, a PE ratio of 19.20, a PEG ratio of 2.33 and a beta of 0.88. Bemis Company, Inc. has a 12 month low of $40.60 and a 12 month high of $50.47.
Bemis (NYSE:BMS) last issued its earnings results on Thursday, February 1st. The industrial products company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $978.34 million. Bemis had a return on equity of 17.52% and a net margin of 2.32%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the business posted $0.67 EPS. analysts anticipate that Bemis Company, Inc. will post 2.81 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.20 annualized dividend and a dividend yield of 2.61%. Bemis’s dividend payout ratio is presently 121.57%.
A number of analysts have weighed in on the company. Credit Suisse Group increased their price target on Bemis from $42.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. TheStreet downgraded Bemis from a “b-” rating to a “c” rating in a report on Thursday, February 1st. Bank of America increased their price target on Bemis from $52.00 to $53.00 and gave the stock an “underperform” rating in a report on Friday, February 2nd. SunTrust Banks reiterated a “hold” rating and set a $46.00 price target on shares of Bemis in a report on Wednesday, January 31st. Finally, Zacks Investment Research downgraded Bemis from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Four 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 currently has a consensus rating of “Hold” and an average price target of $48.40.
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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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