Investors Buy Large Volume of Bemis Call Options (BMS)

Bemis Company, Inc. (NYSE:BMS) saw some unusual options trading activity on Tuesday. Stock investors bought 1,043 call options on the stock. This represents an increase of approximately 1,480% compared to the typical volume of 66 call options.

Bemis (NYSE:BMS) opened at $47.21 on Friday. The firm has a market cap of $4,310.00, a price-to-earnings ratio of 19.96, a P/E/G ratio of 2.92 and a beta of 0.96. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.80 and a quick ratio of 0.91. Bemis has a one year low of $40.60 and a one year high of $51.98.

Bemis (NYSE:BMS) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.05. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. Bemis had a net margin of 4.84% and a return on equity of 17.83%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 EPS. analysts predict that Bemis will post 2.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend was Tuesday, November 14th. Bemis’s payout ratio is presently 56.87%.

BMS has been the subject of several research analyst reports. KeyCorp reissued a “hold” rating on shares of Bemis in a report on Friday, October 13th. Citigroup reissued a “hold” rating on shares of Bemis in a report on Thursday, August 31st. Bank of America raised shares of Bemis from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $46.00 to $51.00 in a report on Friday, September 15th. Barclays boosted their price target on shares of Bemis from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Finally, SunTrust Banks reissued a “hold” rating and issued a $47.00 price target (down previously from $49.00) on shares of Bemis in a report on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $48.60.

A number of hedge funds and other institutional investors have recently made changes to their positions in BMS. Marshall Wace North America L.P. boosted its stake in Bemis by 1,361.1% in the 2nd quarter. Marshall Wace North America L.P. now owns 666,999 shares of the industrial products company’s stock worth $30,682,000 after purchasing an additional 621,350 shares during the period. Alyeska Investment Group L.P. acquired a new position in Bemis in the 3rd quarter worth $13,671,000. PGGM Investments boosted its stake in Bemis by 169.4% in the 3rd quarter. PGGM Investments now owns 366,664 shares of the industrial products company’s stock worth $16,709,000 after purchasing an additional 230,554 shares during the period. Epoch Investment Partners Inc. boosted its stake in Bemis by 63.6% in the 2nd quarter. Epoch Investment Partners Inc. now owns 552,534 shares of the industrial products company’s stock worth $25,555,000 after purchasing an additional 214,801 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Bemis by 28.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 632,205 shares of the industrial products company’s stock worth $28,807,000 after purchasing an additional 141,746 shares during the period. 75.80% of the stock is owned by hedge funds and other institutional investors.

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About Bemis

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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