Russell Investments Group Ltd. Has $1.49 Million Position in Bemis Company, Inc. (BMS)

Russell Investments Group Ltd. cut its position in Bemis Company, Inc. (NYSE:BMS) by 15.0% during the first quarter, Holdings Channel reports. The firm owned 30,531 shares of the industrial products company’s stock after selling 5,396 shares during the period. Russell Investments Group Ltd.’s holdings in Bemis Company were worth $1,491,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Americafirst Capital Management LLC purchased a new position in Bemis Company during the first quarter worth approximately $202,000. GSA Capital Partners LLP purchased a new position in Bemis Company during the fourth quarter worth approximately $216,000. Paragon Capital Management Ltd purchased a new position in Bemis Company during the first quarter worth approximately $226,000. Silvercrest Asset Management Group LLC boosted its position in Bemis Company by 8.0% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 5,145 shares of the industrial products company’s stock worth $246,000 after buying an additional 380 shares in the last quarter. Finally, Tyers Asset Management LLC purchased a new position in Bemis Company during the fourth quarter worth approximately $304,000. Hedge funds and other institutional investors own 79.57% of the company’s stock.

Institutional Ownership by Quarter for Bemis Company (NYSE:BMS)

Bemis Company, Inc. (BMS) opened at 45.39 on Wednesday. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 18.59 and a beta of 0.92. Bemis Company, Inc. has a 1-year low of $43.13 and a 1-year high of $53.32. The company’s 50 day moving average is $44.73 and its 200 day moving average is $47.92.

Bemis Company (NYSE:BMS) last issued its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by $0.07. Bemis Company had a return on equity of 19.95% and a net margin of 5.73%. The firm had revenue of $995.40 million during the quarter, compared to analysts’ expectations of $996.21 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. Equities research analysts forecast that Bemis Company, Inc. will post $2.55 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Wednesday, May 17th were paid a $0.30 dividend. The ex-dividend date was Monday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.64%. Bemis Company’s dividend payout ratio is currently 49.18%.

ILLEGAL ACTIVITY WARNING: “Russell Investments Group Ltd. Has $1.49 Million Position in Bemis Company, Inc. (BMS)” was first posted by Mideast Time and is the sole property of of Mideast Time. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.mideasttime.com/russell-investments-group-ltd-has-1-49-million-position-in-bemis-company-inc-bms/1797899.html.

A number of equities analysts recently commented on the stock. Zacks Investment Research cut shares of Bemis Company from a “hold” rating to a “sell” rating in a research note on Tuesday, March 28th. BMO Capital Markets reaffirmed a “hold” rating and set a $52.00 price target on shares of Bemis Company in a research note on Wednesday, April 12th. Citigroup Inc. reaffirmed a “buy” rating on shares of Bemis Company in a research note on Friday, April 14th. Royal Bank Of Canada dropped their price target on shares of Bemis Company from $46.00 to $41.00 and set an “underperform” rating for the company in a research note on Friday, April 28th. Finally, SunTrust Banks, Inc. cut shares of Bemis Company from a “buy” rating to a “hold” rating and lowered their price objective for the company from $55.00 to $49.00 in a research report on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $45.40.

About Bemis Company

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BMS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding BMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bemis Company, Inc. (NYSE:BMS).

Receive News & Ratings for Bemis Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bemis Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.