Parametric Portfolio Associates LLC Sells 2,759 Shares of Bemis Company, Inc. (NYSE:BMS)

Parametric Portfolio Associates LLC cut its stake in Bemis Company, Inc. (NYSE:BMS) by 1.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 273,043 shares of the industrial products company’s stock after selling 2,759 shares during the period. Parametric Portfolio Associates LLC owned about 0.30% of Bemis worth $15,148,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc increased its position in shares of Bemis by 0.6% during the third quarter. Vanguard Group Inc now owns 9,177,852 shares of the industrial products company’s stock worth $446,043,000 after purchasing an additional 50,396 shares in the last quarter. BlackRock Inc. increased its position in Bemis by 3.4% in the 4th quarter. BlackRock Inc. now owns 8,281,577 shares of the industrial products company’s stock valued at $380,125,000 after acquiring an additional 268,547 shares during the period. American Century Companies Inc. increased its position in Bemis by 27.8% in the 4th quarter. American Century Companies Inc. now owns 2,536,891 shares of the industrial products company’s stock valued at $116,443,000 after acquiring an additional 551,950 shares during the period. Oregon Public Employees Retirement Fund increased its position in Bemis by 4,490.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,646,158 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 1,610,294 shares during the period. Finally, Norges Bank purchased a new stake in Bemis in the 4th quarter valued at approximately $55,979,000. Hedge funds and other institutional investors own 72.13% of the company’s stock.

NYSE:BMS remained flat at $$57.25 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.93 and a quick ratio of 0.97. Bemis Company, Inc. has a 52-week low of $40.86 and a 52-week high of $59.85. The firm has a fifty day moving average of $57.47. The stock has a market cap of $5.22 billion, a P/E ratio of 20.52, a PEG ratio of 2.63 and a beta of 0.82.

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

BMS has been the topic of a number of recent research reports. Zacks Investment Research lowered Bemis from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. BMO Capital Markets lowered Bemis from an “outperform” rating to a “market perform” rating in a research note on Sunday, April 7th. Seven 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 an average target price of $52.71.

Bemis 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 and thermoformed plastic packaging products.

See Also: Institutional Investors

Institutional Ownership by Quarter for Bemis (NYSE:BMS)

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