California Public Employees Retirement System Sells 11,557 Shares of Bemis Company, Inc. (BMS)

California Public Employees Retirement System lowered its holdings in shares of Bemis Company, Inc. (NYSE:BMS) by 5.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 215,928 shares of the industrial products company’s stock after selling 11,557 shares during the period. California Public Employees Retirement System’s holdings in Bemis were worth $11,980,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BMS. Riverview Trust Co acquired a new stake in shares of Bemis in the 4th quarter worth $27,000. Oregon Public Employees Retirement Fund lifted its stake in shares of 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 worth $36,000 after acquiring an additional 1,610,294 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in shares of Bemis in the 4th quarter worth $36,000. FNY Investment Advisers LLC acquired a new stake in shares of Bemis in the 1st quarter worth $160,000. Finally, Algert Global LLC acquired a new stake in shares of Bemis in the 1st quarter worth $200,000. Hedge funds and other institutional investors own 73.45% of the company’s stock.

Shares of NYSE BMS opened at $57.59 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.93 and a debt-to-equity ratio of 1.12. Bemis Company, Inc. has a 52 week low of $40.86 and a 52 week high of $59.85. The stock has a market capitalization of $5.29 billion, a P/E ratio of 20.64, a P/E/G ratio of 2.65 and a beta of 0.91.

Bemis (NYSE:BMS) last announced its quarterly earnings data on Monday, April 22nd. The industrial products company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the business earned $0.63 earnings per share. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, research analysts anticipate that Bemis Company, Inc. will post 2.99 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Monday, April 29th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, April 26th. Bemis’s dividend payout ratio (DPR) is 45.88%.

BMS has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Bemis from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. BMO Capital Markets cut shares of Bemis from an “outperform” rating to a “market perform” rating in a research note on Sunday, April 7th. Barclays restated a “buy” rating on shares of Bemis in a research note on Tuesday, January 29th. Finally, ValuEngine upgraded shares of Bemis from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Bemis has an average rating of “Hold” and an average price target of $52.71.

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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.

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Institutional Ownership by Quarter for Bemis (NYSE:BMS)

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