Cadence Capital Management LLC Sells 2,182 Shares of Bemis Company, Inc. (BMS)

Cadence Capital Management LLC lowered its stake in shares of Bemis Company, Inc. (NYSE:BMS) by 17.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,396 shares of the industrial products company’s stock after selling 2,182 shares during the quarter. Cadence Capital Management LLC’s holdings in Bemis were worth $497,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BMS. FMR LLC boosted its stake in Bemis by 50.0% during the second quarter. FMR LLC now owns 58,900 shares of the industrial products company’s stock worth $2,724,000 after buying an additional 19,640 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Bemis by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,180,235 shares of the industrial products company’s stock worth $54,593,000 after buying an additional 38,853 shares during the last quarter. OxFORD Asset Management LLP boosted its stake in Bemis by 66.6% during the second quarter. OxFORD Asset Management LLP now owns 11,200 shares of the industrial products company’s stock worth $518,000 after buying an additional 4,477 shares during the last quarter. HighTower Advisors LLC boosted its stake in Bemis by 25.9% during the second quarter. HighTower Advisors LLC now owns 9,831 shares of the industrial products company’s stock worth $456,000 after buying an additional 2,025 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new position in Bemis during the second quarter worth $222,000. 77.32% of the stock is currently owned by institutional investors.

Bemis Company, Inc. (NYSE BMS) opened at $44.56 on Thursday. Bemis Company, Inc. has a 12 month low of $40.60 and a 12 month high of $50.47. The company has a market capitalization of $3,981.80, a price-to-earnings ratio of 18.35, a PEG ratio of 2.23 and a beta of 0.86. The company has a quick ratio of 0.93, a current ratio of 1.86 and a debt-to-equity ratio of 1.28.

Bemis (NYSE:BMS) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Bemis had a return on equity of 17.52% and a net margin of 2.32%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $978.34 million. During the same quarter in the prior year, the company posted $0.67 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. sell-side analysts expect that Bemis Company, Inc. will post 2.81 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Friday, February 16th. Bemis’s dividend payout ratio (DPR) is presently 117.65%.

A number of research firms have weighed in on BMS. Credit Suisse Group boosted their price objective on Bemis from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. TheStreet lowered Bemis from a “b-” rating to a “c” rating in a research note on Thursday, February 1st. Bank of America boosted their price objective on Bemis from $52.00 to $53.00 and gave the stock an “underperform” rating in a research note on Friday, February 2nd. SunTrust Banks reissued a “hold” rating and set a $46.00 price objective on shares of Bemis in a research note on Wednesday, January 31st. Finally, Zacks Investment Research lowered Bemis from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $48.40.

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Bemis 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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Institutional Ownership by Quarter for Bemis (NYSE:BMS)

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