PEAK6 Investments L.P. cut its stake in shares of Bemis Company, Inc. (NYSE:BMS) by 69.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,910 shares of the industrial products company’s stock after selling 11,092 shares during the quarter. PEAK6 Investments L.P.’s holdings in Bemis were worth $235,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. MAI Capital Management bought a new position in shares of Bemis during the 4th quarter valued at approximately $204,000. Private Trust Co. NA bought a new position in shares of Bemis during the 4th quarter valued at approximately $205,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Bemis by 28.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,009 shares of the industrial products company’s stock valued at $239,000 after acquiring an additional 1,118 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Bemis during the 4th quarter valued at approximately $253,000. Finally, Investors Research Corp bought a new position in shares of Bemis during the 4th quarter valued at approximately $256,000. Institutional investors own 77.54% of the company’s stock.
BMS has been the subject of a number of recent research reports. Zacks Investment Research downgraded Bemis from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Credit Suisse Group boosted their price objective on Bemis from $42.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. TheStreet upgraded Bemis from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. SunTrust Banks reiterated a “hold” rating and set a $46.00 price objective on shares of Bemis in a research note on Wednesday, January 31st. Finally, Bank of America upped their price target on Bemis from $52.00 to $53.00 and gave the stock an “underperform” rating in a research note on Friday, February 2nd. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Bemis currently has a consensus rating of “Hold” and a consensus price target of $48.40.
Bemis Company, Inc. (NYSE BMS) opened at $44.98 on Friday. Bemis Company, Inc. has a 52 week low of $40.60 and a 52 week high of $50.47. The company has a quick ratio of 0.93, a current ratio of 1.86 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $4,111.18, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 2.30 and a beta of 0.88.
Bemis (NYSE:BMS) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Bemis had a return on equity of 17.52% and a net margin of 2.32%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $978.34 million. During the same period in the prior year, the company posted $0.67 EPS. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. equities analysts anticipate that Bemis Company, Inc. will post 2.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders 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 yield of 2.67%. Bemis’s payout ratio is 121.57%.
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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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