Bemis Company, Inc. (NYSE:BMS) Hits New 52-Week Low at $41.94

Bemis Company, Inc. (NYSE:BMS) reached a new 52-week low during trading on Wednesday . The company traded as low as $41.94 and last traded at $41.82, with a volume of 332,773 shares. The stock had previously closed at $42.48.

A number of brokerages have recently issued reports on BMS. Royal Bank Of Canada reduced their price objective on shares of Bemis from $46.00 to $41.00 and set an “underperform” rating for the company in a report on Friday, April 28th. SunTrust Banks, Inc. cut shares of Bemis from a “buy” rating to a “hold” rating and reduced their price objective for the company from $55.00 to $49.00 in a report on Friday, April 28th. Jefferies Group LLC reduced their price objective on shares of Bemis from $46.00 to $40.00 and set a “hold” rating for the company in a report on Tuesday, May 2nd. BidaskClub upgraded shares of Bemis from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, Deutsche Bank AG reduced their price objective on shares of Bemis from $52.00 to $48.00 and set a “hold” rating for the company in a report on Friday, April 28th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $49.44.

The stock has a market cap of $3.81 billion, a P/E ratio of 18.92 and a beta of 0.90. The firm’s 50-day moving average price is $44.40 and its 200-day moving average price is $46.54.

Bemis (NYSE:BMS) last announced its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by $0.08. Bemis had a net margin of 5.18% and a return on equity of 18.53%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the business earned $0.67 EPS. The business’s revenue was down .9% compared to the same quarter last year. On average, equities research analysts predict that Bemis Company, Inc. will post $2.37 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Tuesday, August 15th. Bemis’s dividend payout ratio (DPR) is presently 54.30%.

Institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Bemis by 4,921.3% in the first quarter. BlackRock Inc. now owns 8,605,872 shares of the industrial products company’s stock valued at $420,485,000 after buying an additional 8,434,484 shares during the period. Vanguard Group Inc. boosted its position in shares of Bemis by 5.6% in the first quarter. Vanguard Group Inc. now owns 8,464,812 shares of the industrial products company’s stock valued at $413,591,000 after buying an additional 445,901 shares during the period. State Street Corp boosted its position in shares of Bemis by 1.7% in the second quarter. State Street Corp now owns 6,345,626 shares of the industrial products company’s stock valued at $293,486,000 after buying an additional 104,558 shares during the period. American Century Companies Inc. boosted its stake in Bemis by 41.6% in the first quarter. American Century Companies Inc. now owns 6,165,677 shares of the industrial products company’s stock worth $301,255,000 after buying an additional 1,811,549 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Bemis by 42.9% in the first quarter. Wells Fargo & Company MN now owns 1,325,238 shares of the industrial products company’s stock worth $64,750,000 after buying an additional 397,638 shares during the last quarter. Hedge funds and other institutional investors own 80.34% of the company’s stock.

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Bemis Company Profile

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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