Bemis Company (BMS) : Schaper Benz Wise Investment Counsel Incwi reduced its stake in Bemis Company by 18.18% during the most recent quarter end. The investment management company now holds a total of 87,146 shares of Bemis Company which is valued at $4,588,237 after selling 19,366 shares in Bemis Company , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Bemis Company makes up approximately 0.85% of Schaper Benz Wise Investment Counsel Incwi’s portfolio.
Bemis Company opened for trading at $53.22 and hit $53.88 on the upside on Wednesday, eventually ending the session at $53.74, with a gain of 1.13% or 0.6 points. The heightened volatility saw the trading volume jump to 11,91,619 shares. Company has a market cap of $5,088 M.
Other Hedge Funds, Including , Transamerica Financial Advisors sold out all of its stake in BMS during the most recent quarter. The investment firm sold 3 shares of BMS which is valued $158.Mitchell Mcleod Pugh Williams Inc reduced its stake in BMS by selling 100 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 33,453 shares of BMS which is valued at $1,761,300. Bemis Company makes up approx 1.38% of Mitchell Mcleod Pugh Williams Inc’s portfolio.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.Country Club Trust Company N.a. reduced its stake in BMS by selling 2,545 shares or 1.9% in the most recent quarter. The Hedge Fund company now holds 131,215 shares of BMS which is valued at $6,800,873. Bemis Company makes up approx 1.01% of Country Club Trust Company N.a.’s portfolio.
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.