LSV Asset Management lessened its holdings in Bemis Company, Inc. (NYSE:BMS) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,400 shares of the industrial products company’s stock after selling 1,700 shares during the quarter. LSV Asset Management’s holdings in Bemis were worth $2,157,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. BlackRock Inc. grew its holdings in Bemis by 2.6% in the 2nd quarter. BlackRock Inc. now owns 8,323,221 shares of the industrial products company’s stock worth $351,323,000 after acquiring an additional 207,107 shares during the last quarter. American Century Companies Inc. grew its holdings in Bemis by 6.0% in the 2nd quarter. American Century Companies Inc. now owns 6,167,279 shares of the industrial products company’s stock worth $260,321,000 after acquiring an additional 350,833 shares during the last quarter. Starboard Value LP grew its holdings in Bemis by 48.7% in the 2nd quarter. Starboard Value LP now owns 2,959,487 shares of the industrial products company’s stock worth $124,920,000 after acquiring an additional 969,737 shares during the last quarter. Northern Trust Corp grew its holdings in Bemis by 0.3% in the 2nd quarter. Northern Trust Corp now owns 876,900 shares of the industrial products company’s stock worth $37,015,000 after acquiring an additional 2,638 shares during the last quarter. Finally, Segall Bryant & Hamill LLC grew its holdings in Bemis by 12.0% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 794,160 shares of the industrial products company’s stock worth $33,522,000 after acquiring an additional 84,881 shares during the last quarter. Institutional investors own 72.02% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Barclays cut their price target on shares of Bemis from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Monday, October 29th. Jefferies Financial Group reissued a “hold” rating and issued a $54.00 price target on shares of Bemis in a report on Tuesday, August 7th. Zacks Investment Research lowered shares of Bemis from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Robert W. Baird reissued a “hold” rating and issued a $57.00 price target (up previously from $48.00) on shares of Bemis in a report on Monday, August 6th. Finally, UBS Group lowered shares of Bemis from a “buy” rating to a “neutral” rating and set a $54.00 target price on the stock. in a research note on Tuesday, August 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Bemis currently has a consensus rating of “Hold” and an average target price of $49.50.
Bemis (NYSE:BMS) last announced its earnings results on Thursday, October 25th. The industrial products company reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. Bemis had a net margin of 2.72% and a return on equity of 20.61%. Research analysts expect that Bemis Company, Inc. will post 2.79 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Wednesday, November 14th. Bemis’s payout ratio is 51.88%.
TRADEMARK VIOLATION WARNING: “LSV Asset Management Has $2.16 Million Position in Bemis Company, Inc. (BMS)” was originally published by WKRB News and is the property of of WKRB News. If you are reading this news story on another site, it was stolen and republished in violation of US and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.wkrb13.com/2018/11/26/lsv-asset-management-has-2-16-million-position-in-bemis-company-inc-bms.html.
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.
Featured Story: What is a stock buyback?
Receive News & Ratings for Bemis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bemis and related companies with MarketBeat.com's FREE daily email newsletter.