Bemis Company (BMS) : Mitchell Mcleod Pugh Williams Inc reduced its stake in Bemis Company by 0.3% during the most recent quarter end. The investment management company now holds a total of 33,453 shares of Bemis Company which is valued at $1,761,300 after selling 100 shares in Bemis Company , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Bemis Company makes up approximately 1.38% of Mitchell Mcleod Pugh Williams Inc’s portfolio.
Bemis Company opened for trading at $51.71 and hit $52.87 on the upside on Friday, eventually ending the session at $52.65, with a gain of 1.98% or 1.02 points. The heightened volatility saw the trading volume jump to 8,36,237 shares. Company has a market cap of $4,985 M.
Other Hedge Funds, Including , Gemmer Asset Management boosted its stake in BMS in the latest quarter, The investment management firm added 73 additional shares and now holds a total of 138 shares of Bemis Company which is valued at $7,153.Acadian Asset Management boosted its stake in BMS in the latest quarter, The investment management firm added 2,513 additional shares and now holds a total of 2,633 shares of Bemis Company which is valued at $136,468.
On the company’s financial health, Bemis Company reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.59. The company had revenue of $982.70 million for the quarter, compared to analysts expectations of $973.03 million. The company’s revenue was down -6.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.57 EPS.
Many Wall Street Analysts have commented on Bemis Company. Bemis Company was Downgraded by Citigroup to ” Neutral” on Apr 6, 2016. RBC Capital Mkts Initiated Bemis Company on Feb 19, 2016 to “Sector Perform”, Price Target of the shares are set at $51.
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 manufactures multilayer polymer blown and cast film structures to produce packaging for food and personal care product applications as well as non-food applications. The Global Packaging segment manufactures multilayer polymer blown and cast film structures to produce packaging for a range of food medical pharmaceutical personal care electronics and industrial applications. The Company offers its products primarily to the customers in the food industry. Its other customers include companies operating in a range of businesses including chemical agribusiness medical pharmaceutical personal care electronics automotive construction and other consumer goods.