November 29, 2016 - By Winifred Garcia · 0 Comments
Bemis Co Inc (NYSE:BMS) institutional sentiment decreased to 0.85 in Q2 2016. Its down -0.01, from 0.86 in 2016Q1. The ratio worsened, as 136 hedge funds started new and increased stock positions, while 158 decreased and sold equity positions in Bemis Co Inc. The hedge funds in our partner’s database now hold: 68.56 million shares, down from 76.77 million shares in 2016Q1. Also, the number of hedge funds holding Bemis Co Inc in their top 10 stock positions was flat from 5 to 5 for the same number . Sold All: 31 Reduced: 127 Increased: 111 New Position: 25.
Bemis Company, Inc. is a manufacturer of packaging products. The company has a market cap of $4.90 billion. The Firm operates through two business divisions: U.S. It has a 21.05 P/E ratio. Packaging and Global Packaging.
About 702,413 shares traded hands. Bemis Company, Inc. (NYSE:BMS) has declined 3.97% since April 26, 2016 and is downtrending. It has underperformed by 9.23% the S&P500.
Analysts await Bemis Company, Inc. (NYSE:BMS) to report earnings on January, 26. They expect $0.67 EPS, up 11.67% or $0.07 from last year’s $0.6 per share. BMS’s profit will be $64.17 million for 19.09 P/E if the $0.67 EPS becomes a reality. After $0.75 actual EPS reported by Bemis Company, Inc. for the previous quarter, Wall Street now forecasts -10.67% negative EPS growth.
According to Zacks Investment Research, “Bemis Company, Inc. a principal manufacturer of flexible packaging products and pressure sensitive materials selling to customers throughout the United States, Canada, and Europe with a growing presence in Asia Pacific, South America, and Mexico. The primary market for its products is the food industry. Other markets include companies in chemical, agribusiness, medical, pharmaceutical, sanitary products, graphic industries, and other consumer goods.”
Cornerstone Advisors Inc. holds 14.54% of its portfolio in Bemis Company, Inc. for 277,332 shares. Meristem Llp owns 172,259 shares or 3.92% of their US portfolio. Moreover, Financial Engines Advisors L.L.C. has 3.91% invested in the company for 90,420 shares. The Minnesota-based Mairs & Power Inc has invested 3.18% in the stock. Stewart & Patten Co Llc, a California-based fund reported 238,353 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 1 sale for $77,109 net activity.
Ratings analysis reveals 8% of Bemis Company Inc.’s analysts are positive. Out of 12 Wall Street analysts rating Bemis Company Inc., 1 give it “Buy”, 0 “Sell” rating, while 11 recommend “Hold”. The lowest target is $42 while the high is $55. The stock’s average target of $50.38 is -1.51% below today’s ($51.15) share price. BMS was included in 19 notes of analysts from September 14, 2015. Citigroup upgraded the stock to “Buy” rating in Friday, January 8 report. Robert W. Baird maintained it with “Neutral” rating and $53 target price in Wednesday, March 9 report. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, February 19. The firm earned “Equal-Weight” rating on Friday, January 8 by Barclays Capital. The firm has “Sell” rating given on Friday, March 18 by Vertical Research. The stock has “Neutral” rating given by Citigroup on Wednesday, April 6. The rating was upgraded by Vertical Research to “Hold” on Friday, April 29. SunTrust initiated Bemis Company, Inc. (NYSE:BMS) on Wednesday, July 13 with “Buy” rating. The rating was initiated by Goldman Sachs on Thursday, May 12 with “Neutral”. The rating was maintained by Citigroup with “Neutral” on Tuesday, July 19.
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 news for Bemis Company, Inc. (NYSE:BMS) were recently published by: Plasticsnews.com, which released: “Bemis Co. Inc. files offering for senior notes” on September 12, 2016. Plasticsnews.com‘s article titled: “First quarter brings challenging issues for Bemis Co. Inc.” and published on April 28, 2016 is yet another important article.
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By Winifred Garcia