Huntington National Bank continued to hold its position in Bemis Co. (NYSE:BMS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,106 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Bemis were worth $236,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of BMS. Magnetar Financial LLC purchased a new position in Bemis during the first quarter worth about $219,000. NEXT Financial Group Inc increased its position in Bemis by 107.0% in the second quarter. NEXT Financial Group Inc now owns 4,353 shares of the company’s stock worth $224,000 after buying an additional 2,250 shares during the period. LS Investment Advisors LLC increased its position in Bemis by 73.0% in the second quarter. LS Investment Advisors LLC now owns 5,725 shares of the company’s stock worth $295,000 after buying an additional 2,416 shares during the period. Fox Run Management L.L.C. purchased a new position in Bemis during the second quarter worth about $330,000. Finally, Raymond James Trust N.A. increased its position in Bemis by 4.4% in the second quarter. Raymond James Trust N.A. now owns 6,614 shares of the company’s stock worth $340,000 after buying an additional 280 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.
Bemis Co. (NYSE:BMS) traded up 0.77% during midday trading on Friday, hitting $51.01. The company had a trading volume of 694,901 shares. The stock has a market capitalization of $4.83 billion, a PE ratio of 21.79 and a beta of 0.66. Bemis Co. has a 52 week low of $40.06 and a 52 week high of $54.19. The stock has a 50 day moving average price of $51.39 and a 200-day moving average price of $51.12.
Bemis (NYSE:BMS) last announced its earnings results on Thursday, July 28th. The company reported $0.67 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.67. Bemis had a return on equity of 19.75% and a net margin of 5.67%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $0.67 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts predict that Bemis Co. will post $2.72 EPS for the current year.
BMS has been the subject of a number of research reports. SunTrust Banks Inc. initiated coverage on Bemis in a report on Tuesday, July 12th. They issued a “buy” rating and a $60.00 price objective for the company. Jefferies Group increased their price objective on Bemis from $44.00 to $48.00 and gave the stock a “hold” rating in a report on Thursday, July 14th. BMO Capital Markets reiterated a “hold” rating on shares of Bemis in a report on Friday, June 10th. Citigroup Inc. increased their price objective on Bemis from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, July 19th. Finally, FIX initiated coverage on Bemis in a report on Thursday, July 28th. They issued a “reduce” rating and a $28.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.75.
Bemis Company, Inc is a manufacturer of packaging products. The Company operates through two business segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment represents food, consumer and industrial products packaging-related manufacturing operations in the United States. The U.S. Packaging segment manufactures multilayer polymer, blown and cast film structures to produce packaging sold for food and personal care product applications, as well as non-food applications.
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