Trade Report: The North Star Asset Management Inc. Continues to Hold Stake in Bemis Co. (BMS)

The North Star Asset Management Inc. Continues to Hold Stake in Bemis Co. (BMS)

North Star Asset Management Inc. continued to hold its stake in Bemis Co. (NYSE:BMS) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 20,928 shares of the company’s stock at the end of the second quarter. North Star Asset Management Inc.’s holdings in Bemis were worth $1,078,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BMS. Pictet Asset Management Ltd. boosted its position in shares of Bemis by 34.0% in the first quarter. Pictet Asset Management Ltd. now owns 106,780 shares of the company’s stock worth $5,240,000 after buying an additional 27,080 shares during the last quarter. UBS Group AG boosted its position in shares of Bemis by 23.3% in the first quarter. UBS Group AG now owns 184,786 shares of the company’s stock worth $9,568,000 after buying an additional 34,970 shares during the last quarter. Credit Agricole S A boosted its position in shares of Bemis by 38.8% in the first quarter. Credit Agricole S A now owns 11,000 shares of the company’s stock worth $570,000 after buying an additional 3,077 shares during the last quarter. M&T Bank Corp boosted its position in shares of Bemis by 25.5% in the first quarter. M&T Bank Corp now owns 15,982 shares of the company’s stock worth $827,000 after buying an additional 3,245 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. purchased a new position in shares of Bemis during the first quarter worth $601,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Shares of Bemis Co. (NYSE:BMS) traded up 0.20% during mid-day trading on Monday, hitting $50.19. The stock had a trading volume of 278,130 shares. Bemis Co. has a one year low of $41.55 and a one year high of $54.19. The company has a market cap of $4.75 billion, a PE ratio of 21.44 and a beta of 0.65. The firm’s 50 day moving average price is $50.99 and its 200-day moving average price is $50.91.

Bemis (NYSE:BMS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.67 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.67. The business earned $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. Bemis had a net margin of 5.67% and a return on equity of 19.75%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share. On average, equities research analysts anticipate that Bemis Co. will post $2.72 earnings per share for the current fiscal year.

BMS has been the topic of a number of research analyst reports. SunTrust Banks Inc. initiated coverage on Bemis in a report on Tuesday, July 12th. They issued a “buy” rating and a $60.00 target price on the stock. Zacks Investment Research cut Bemis from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. FIX initiated coverage on Bemis in a report on Thursday, July 28th. They issued a “reduce” rating and a $28.00 target price on the stock. Citigroup Inc. lifted their target price on Bemis from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, July 19th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $52.00 target price on shares of Bemis in a report on Tuesday, August 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $49.75.

Bemis Company Profile

Bemis Company, Inc is a manufacturer of packaging products. The Company operates through two business segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment represents food, consumer and industrial products packaging-related manufacturing operations in the United States. The U.S. Packaging segment manufactures multilayer polymer, blown and cast film structures to produce packaging sold for food and personal care product applications, as well as non-food applications.

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