Economy

Bemis Company, Inc. (NYSE:BMS) Trading Volume Significantly Higher

Bemis Company, Inc. (NYSE:BMS) Trading Volume Significantly Higher”

As of quarter end Next Financial Group, Inc had bought a total of 700 shares growing its position 31.3%. (NYSE:BMS) during the fourth quarter, Holdings Channel reports. 3073386 shares were traded on Bemis Company, Inc.'s last session. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,375 shares of the industrial products company's stock worth $165,000 after purchasing an additional 846 shares during the period.

Other institutional investors also recently modified their holdings of the company. (NYSE:BMS). Cornerstone Advsr Inc owns 277,332 shares. Nationwide Fund Advisors now owns 263,013 shares of the industrial products company's stock worth $12,851,000 after buying an additional 23,222 shares during the period.

As of the end of the quarter Ironbridge Capital Management Lp had disposed of 55,410 shares trimming its stake by 41.4%. Janus Capital Management LLC cut its ownership by shedding 33,500 shares a decrease of 34.0% in the quarter.

07/25/2017 - UBS began new coverage on Bemis Company, Inc. giving the company a "buy" rating. Next Financial Group, Inc now controls 2,935 shares with a value of $136,000,000. The stock carved out a 52-week low down at $40.60. The value of the investment in BMS went from $4,715,000 to $3,181,000 decreasing 32.5% quarter over quarter. Additionally Bemis Company, Inc. declared a dividend that was paid on Friday the 1st of September 2017.

Jefferies now has a $44.0 target price per share on shares of Bemis Company (NYSE:BMS). Focusing in on the past five trading days, shares have changed 10.29%. Bemis's 50-day moving average is $43.10 and its 200-day moving average is $45.89.

International Game Technology PLC (NYSE:IGT) trades at $21.07 having a market capitalization of $4.36 billion. Bemis Company, Inc. (NYSE:BMS) has declined 9.13% since September 11, 2016 and is downtrending.

The company has mean EPS estimate of 0.66 reported by 13 number of analyst for the quarter ending Current Qtr.(Sep2017). BMS has a net profit margin of 5.20% and is less profitable than the average company in the Packaging & Containers industry. Revenue during the quarter was $1.01 billion, representing -1% growth from $1.02 billion in year-ago quarter. During the same period in the prior year, the firm earned $0.67 EPS. Over the trailing year, the stock is underperforming the S&P 500 by 24.58, and it's gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In the last earnings report the EPS was $2.22 and is estimated to be $2.37 for the current year with 90,804,000 shares presently outstanding. Nasdaq.com's news article titled: "Bemis (BMS) Up 9.4% Since Earnings Report: Can It Continue?" with publication date: September 12, 2017 was also an interesting one. Magnetar Finance Limited Liability has invested 0.01% of its portfolio in Bemis Company, Inc. (NYSE:BMS). Prudential holds 0.01% or 72,375 shares in its portfolio. Suntrust Robinson downgraded the shares of BMS in report on Friday, April 28 to "Hold" rating. On June 27 the stock rating was upgraded from "Equal-weight" to "Overweight" by Barclays. (NYSE:BMS) has "Hold" rating given on Sunday, July 30 by KeyBanc Capital Markets. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The stock now has a consensus rating of "Hold" and an average price target of $49.30.

In other news, Director Edward N. Perry sold 1,561 shares of the business's stock in a transaction on Tuesday, November 22nd. The total value of its holdings increased 79,599.6%. Schaper Benz & Wise Counsel Inc Wi, Wisconsin-based fund reported 67,116 shares.

According to data from First Call, Bemis Company, Inc. The Firm operates through two divisions: U.S. It has a 22.17 P/E ratio. The U.S. Packaging segment represents all food, consumer, and industrial products packaging-related manufacturing operations located in the United States.



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