Noteworthy Short Interest Filing: Is Bemis Incorporated (NYSE:BMS) a Buy? The Stock Reported more Sellers

November 28, 2016 - By Marie Mckinney   ·   0 Comments

Noteworthy Short Interest Filing: Is Bemis Incorporated (NYSE:BMS) a Buy? The Stock Reported more Sellers

The stock of Bemis Incorporated (NYSE:BMS) registered an increase of 8.64% in short interest. BMS’s total short interest was 4.99 million shares in November as published by FINRA. Its up 8.64% from 4.59 million shares, reported previously. With 684,900 shares average volume, it will take short sellers 7 days to cover their BMS’s short positions. The stock increased 0.10% or $0.05 on November 25, hitting $49.97. Bemis Company, Inc. (NYSE:BMS) has declined 4.64% since April 25, 2016 and is downtrending. It has underperformed by 10.65% the S&P500.

Bemis Company, Inc. is a manufacturer of packaging products. The company has a market cap of $4.69 billion. The Firm operates through two business divisions: U.S. It has a 20.57 P/E ratio. Packaging and Global Packaging.

Insitutional Activity: The institutional sentiment decreased to 0.85 in 2016 Q2. Its down 0.01, from 0.86 in 2016Q1. The ratio dropped, as 31 funds sold all Bemis Company, Inc. shares owned while 127 reduced positions. 25 funds bought stakes while 111 increased positions. They now own 68.56 million shares or 10.69% less from 76.77 million shares in 2016Q1.
Moreover, Loring Wolcott & Coolidge Fiduciary Advsrs Llp Ma has 0.19% invested in Bemis Company, Inc. (NYSE:BMS) for 164,522 shares. Sg Americas Ltd Liability Com accumulated 0.02% or 44,513 shares. Cwm Ltd Liability Company, a Nebraska-based fund reported 301 shares. Glenmede Com Na last reported 1,620 shares in the company. Proshare Advisors Ltd Com accumulated 48,363 shares or 0.03% of the stock. Credit Agricole S A has 0% invested in the company for 13,819 shares. Ftb Advisors holds 0% of its portfolio in Bemis Company, Inc. (NYSE:BMS) for 268 shares. The Michigan-based World Asset Mgmt Inc has invested 0.01% in Bemis Company, Inc. (NYSE:BMS). Swiss Natl Bank accumulated 0.01% or 160,100 shares. Schwab Charles Investment Mgmt reported 353,584 shares or 0.02% of all its holdings. Moreover, Liberty Mutual Grp Incorporated Asset Mngmt has 0.08% invested in Bemis Company, Inc. (NYSE:BMS) for 41,104 shares. First Advsr L P has 0.06% invested in the company for 340,319 shares. Sei Invests accumulated 0.01% or 20,204 shares. Schroder Investment Management Gru last reported 0.13% of its portfolio in the stock. Pdt Ptnrs Limited Liability Corporation last reported 0.37% of its portfolio in the stock.

Insider Transactions: Since November 22, 2016, the stock had 0 insider purchases, and 1 insider sale for $77,109 net activity. Shares for $77,109 were sold by PERRY EDWARD N.

Bemis Company, Inc. (NYSE:BMS) Ratings Coverage

Out of 12 analysts covering Bemis Company Inc. (NYSE:BMS), 1 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 8% are positive. $55 is the highest target while $42 is the lowest. The $50.38 average target is 0.82% above today’s ($49.97) stock price. Bemis Company Inc. has been the topic of 19 analyst reports since September 14, 2015 according to StockzIntelligence Inc. The rating was downgraded by Vertical Research on Friday, March 18 to “Sell”. Citigroup upgraded the stock to “Buy” rating in Friday, January 8 report. The stock of Bemis Company, Inc. (NYSE:BMS) has “Market Perform” rating given on Thursday, March 31 by BMO Capital Markets. The firm earned “Equal-Weight” rating on Friday, January 8 by Barclays Capital. The rating was initiated by Macquarie Research on Tuesday, November 10 with “Neutral”. The stock of Bemis Company, Inc. (NYSE:BMS) has “Equal Weight” rating given on Monday, May 2 by Barclays Capital. Robert W. Baird maintained the stock with “Neutral” rating in Wednesday, March 9 report. Goldman Sachs initiated Bemis Company, Inc. (NYSE:BMS) rating on Thursday, May 12. Goldman Sachs has “Neutral” rating and $53 price target. Jefferies maintained the shares of BMS in a report on Thursday, July 14 with “Hold” rating. SunTrust initiated the stock with “Buy” rating in Wednesday, July 13 report.

BMS Company Profile

Bemis Company, Inc., incorporated on May 18, 1885, is a maker of packaging products. The Firm operates through two business divisions: U.S. Packaging and Global Packaging. The Firm offers its products primarily to clients in the food industry. The Company’s other clients include companies operating in a range of businesses, including chemical, agribusiness, medical, pharmaceutical, personal care, electronics, construction and other consumer goods.

More important recent Bemis Company, Inc. (NYSE:BMS) news were published by: Plasticsnews.com which released: “Bemis Co. Inc. files offering for senior notes” on September 12, 2016, also Plasticsnews.com published article titled: “First quarter brings challenging issues for Bemis Co. Inc.”, Equitiesfocus.com published: “Bemis Company, Inc. (NYSE:BMS) 200-Day MA At $50.47” on November 26, 2016. More interesting news about Bemis Company, Inc. (NYSE:BMS) was released by: Seekingalpha.com and their article: “Bemis Co., Inc. (BMS) CEO William Austen on Q2 2016 Results – Earnings Call …” with publication date: July 28, 2016.

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By Marie Mckinney


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