First Interstate Bank Sells 960 Shares of Bemis Company, Inc. (BMS)

First Interstate Bank cut its holdings in shares of Bemis Company, Inc. (NYSE:BMS) by 27.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,539 shares of the industrial products company’s stock after selling 960 shares during the quarter. First Interstate Bank’s holdings in Bemis were worth $141,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc boosted its position in shares of Bemis by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 9,177,852 shares of the industrial products company’s stock worth $446,043,000 after acquiring an additional 50,396 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Bemis by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 9,177,852 shares of the industrial products company’s stock worth $446,043,000 after acquiring an additional 50,396 shares in the last quarter. BlackRock Inc. boosted its position in shares of Bemis by 3.4% during the 4th quarter. BlackRock Inc. now owns 8,281,577 shares of the industrial products company’s stock worth $380,125,000 after acquiring an additional 268,547 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Bemis by 27.8% during the 4th quarter. American Century Companies Inc. now owns 2,536,891 shares of the industrial products company’s stock worth $116,443,000 after acquiring an additional 551,950 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Bemis by 4,490.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,646,158 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 1,610,294 shares in the last quarter. 73.06% of the stock is currently owned by institutional investors.

Shares of Bemis stock opened at $58.25 on Wednesday. Bemis Company, Inc. has a fifty-two week low of $40.86 and a fifty-two week high of $59.85. 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 market capitalization of $5.43 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 2.72 and a beta of 0.91.

Bemis (NYSE:BMS) last issued its earnings results on Monday, April 22nd. The industrial products company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $0.63 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. Equities analysts anticipate that Bemis Company, Inc. will post 2.99 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Monday, April 29th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, April 26th. This represents a $1.28 dividend on an annualized basis and a yield of 2.20%. Bemis’s dividend payout ratio is currently 45.88%.

Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Bemis from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Barclays reiterated a “buy” rating on shares of Bemis in a research report on Tuesday, January 29th. ValuEngine upgraded shares of Bemis from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Finally, BMO Capital Markets lowered shares of Bemis from an “outperform” rating to a “market perform” rating in a research report on Sunday, April 7th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $52.71.

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Bemis Company 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.

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Institutional Ownership by Quarter for Bemis (NYSE:BMS)

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