Segall Bryant & Hamill LLC lifted its holdings in shares of Bemis Company, Inc. (NYSE:BMS) by 23.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 709,279 shares of the industrial products company’s stock after buying an additional 133,759 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.78% of Bemis worth $30,868,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Institutional & Family Asset Management LLC acquired a new position in shares of Bemis during the first quarter worth approximately $196,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Bemis by 28.7% in the fourth 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 period. Trexquant Investment LP acquired a new stake in Bemis in the first quarter worth approximately $230,000. Investors Research Corp acquired a new stake in Bemis in the fourth quarter worth approximately $256,000. Finally, Koch Industries Inc. acquired a new stake in Bemis in the first quarter worth approximately $249,000. Institutional investors and hedge funds own 75.30% of the company’s stock.
A number of equities research analysts have weighed in on the company. TheStreet downgraded Bemis from a “b-” rating to a “c” rating in a research report on Tuesday, May 29th. KeyCorp restated a “hold” rating on shares of Bemis in a research report on Thursday, April 26th. Jefferies Financial Group assumed coverage on Bemis in a research report on Friday, May 18th. They issued a “hold” rating and a $46.00 target price for the company. Zacks Investment Research downgraded Bemis from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Finally, ValuEngine downgraded Bemis from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Bemis has a consensus rating of “Hold” and an average target price of $49.00.
Bemis (NYSE:BMS) last announced its quarterly earnings data on Thursday, April 26th. The industrial products company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. Bemis had a return on equity of 17.91% and a net margin of 2.22%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm earned $0.58 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. research analysts forecast that Bemis Company, Inc. will post 2.79 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Thursday, May 17th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Wednesday, May 16th. This is an increase from Bemis’s previous quarterly dividend of $0.30. Bemis’s dividend payout ratio is 51.88%.
Bemis Company Profile
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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