AHL Partners LLP decreased its holdings in Bemis Company, Inc. (NYSE:BMS) by 36.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,955 shares of the industrial products company’s stock after selling 24,503 shares during the quarter. AHL Partners LLP’s holdings in Bemis were worth $1,987,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. LSV Asset Management raised its position in Bemis by 5.3% in the second quarter. LSV Asset Management now owns 700,400 shares of the industrial products company’s stock worth $32,393,000 after acquiring an additional 35,200 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in Bemis by 225.3% in the second quarter. Riverhead Capital Management LLC now owns 88,478 shares of the industrial products company’s stock valued at $4,092,000 after purchasing an additional 61,278 shares during the last quarter. Prudential Financial Inc. grew its holdings in Bemis by 6.3% in the first quarter. Prudential Financial Inc. now owns 76,915 shares of the industrial products company’s stock valued at $3,758,000 after purchasing an additional 4,540 shares during the last quarter. Federated Investors Inc. PA grew its holdings in Bemis by 17.9% in the second quarter. Federated Investors Inc. PA now owns 46,617 shares of the industrial products company’s stock valued at $2,156,000 after purchasing an additional 7,081 shares during the last quarter. Finally, Marshall Wace North America L.P. grew its holdings in Bemis by 1,361.1% in the second quarter. Marshall Wace North America L.P. now owns 666,999 shares of the industrial products company’s stock valued at $30,682,000 after purchasing an additional 621,350 shares during the last quarter. Hedge funds and other institutional investors own 75.66% of the company’s stock.
Several analysts have weighed in on the company. SunTrust Banks, Inc. reissued a “hold” rating and issued a $47.00 target price (down previously from $49.00) on shares of Bemis in a report on Thursday, September 14th. BidaskClub lowered Bemis from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Bank of America Corporation raised Bemis from an “underperform” rating to a “neutral” rating and upped their target price for the company from $46.00 to $51.00 in a report on Friday, September 15th. Royal Bank Of Canada reissued a “sell” rating on shares of Bemis in a report on Thursday, July 6th. Finally, Barclays PLC raised Bemis from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $43.00 to $54.00 in a report on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $48.80.
Bemis (NYSE:BMS) last posted its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.08). Bemis had a return on equity of 18.53% and a net margin of 5.18%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm posted $0.67 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis.
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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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