LSV Asset Management Has $2.16 Million Position in Bemis Company, Inc. (BMS)

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.

Shares of BMS opened at $48.00 on Monday. The stock has a market cap of $4.37 billion, a PE ratio of 20.08, a P/E/G ratio of 2.35 and a beta of 0.92. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 1.78. Bemis Company, Inc. has a 1-year low of $40.86 and a 1-year high of $53.00.

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%.

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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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Institutional Ownership by Quarter for Bemis (NYSE:BMS)

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