Bemis Company, Inc. (NYSE:BMS) Shares Sold by BlackRock Inc.

BlackRock Inc. reduced its stake in shares of Bemis Company, Inc. (NYSE:BMS) by 0.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,237,136 shares of the industrial products company’s stock after selling 44,441 shares during the quarter. BlackRock Inc. owned about 9.03% of Bemis worth $456,996,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Riverview Trust Co purchased a new stake in shares of Bemis during the 4th quarter worth about $27,000. NumerixS Investment Technologies Inc purchased a new position in Bemis in the 4th quarter worth approximately $36,000. FNY Investment Advisers LLC purchased a new position in Bemis in the 1st quarter worth approximately $160,000. Algert Global LLC purchased a new position in Bemis in the 1st quarter worth approximately $200,000. Finally, Choate Investment Advisors purchased a new position in Bemis in the 1st quarter worth approximately $213,000. 72.13% of the stock is currently owned by institutional investors.

Shares of Bemis stock remained flat at $$57.25 during trading on Monday. Bemis Company, Inc. has a 1-year low of $40.86 and a 1-year high of $59.85. The stock has a market cap of $5.22 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 2.63 and a beta of 0.82. The company has a current ratio of 1.93, a quick ratio of 0.97 and a debt-to-equity ratio of 1.12. The company has a 50-day simple moving average of $57.47.

Bemis (NYSE:BMS) last posted its quarterly earnings data on Monday, April 22nd. The industrial products company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $1.01 billion. Bemis had a net margin of 5.62% and a return on equity of 21.46%. Bemis’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 earnings per share. As a group, sell-side analysts forecast that Bemis Company, Inc. will post 3.01 earnings per share for the current fiscal year.

BMS has been the topic of a number of research reports. Zacks Investment Research lowered shares of Bemis from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. BMO Capital Markets downgraded shares of Bemis from an “outperform” rating to a “market perform” rating in a report on Sunday, April 7th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Bemis has a consensus rating of “Hold” and a consensus target price of $52.71.

About Bemis

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 and thermoformed plastic packaging products.

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Institutional Ownership by Quarter for Bemis (NYSE:BMS)

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