Flinton Capital Management LLC cut its holdings in shares of Bemis Company, Inc. (NYSE:BMS) by 37.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,530 shares of the industrial products company’s stock after selling 52,632 shares during the quarter. Flinton Capital Management LLC owned approximately 0.10% of Bemis worth $3,766,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Element Capital Management LLC purchased a new stake in Bemis during the 4th quarter worth approximately $5,935,000. AXA increased its holdings in Bemis by 1,038.3% during the 4th quarter. AXA now owns 368,824 shares of the industrial products company’s stock worth $17,626,000 after purchasing an additional 336,424 shares during the last quarter. Segall Bryant & Hamill LLC grew its position in shares of Bemis by 41.0% in the 4th quarter. Segall Bryant & Hamill LLC now owns 575,520 shares of the industrial products company’s stock worth $27,504,000 after acquiring an additional 167,370 shares in the last quarter. Blue Sky Asset Management LLC acquired a new position in shares of Bemis in the 4th quarter worth approximately $1,577,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Bemis by 28.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,009 shares of the industrial products company’s stock worth $239,000 after acquiring an additional 1,118 shares in the last quarter. Institutional investors own 75.06% of the company’s stock.
Several research analysts have recently commented on BMS shares. Bank of America upgraded Bemis from an “underperform” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Monday, April 2nd. Credit Suisse Group lifted their target price on Bemis from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Zacks Investment Research upgraded Bemis from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Thursday, April 5th. Citigroup decreased their target price on Bemis from $49.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, April 5th. Finally, ValuEngine lowered Bemis from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $49.00.
Bemis (NYSE:BMS) last released its quarterly earnings data on Thursday, April 26th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. Bemis had a return on equity of 17.91% and a net margin of 2.22%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the firm posted $0.58 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities analysts expect that Bemis Company, Inc. will post 2.8 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Thursday, May 17th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, May 16th. This represents a $1.24 dividend on an annualized basis and a yield of 2.81%. This is a positive change from Bemis’s previous quarterly dividend of $0.30. Bemis’s payout ratio is currently 51.88%.
Bemis Company, Inc manufactures and sells packaging products in the United States, Brazil, other Americas, Europe, and the Asia-Pacific. It operates through three segments: U.S. Packaging, Latin America Packaging, and Rest of World Packaging. The company offers multilayer polymer, blown, and cast film structures; and injection molded plastic, thermoformed plastic, and folding carton packaging products.
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