Albert D Mason Inc buys $2,860,153 stake in Bemis Company (BMS)

Bemis Company (BMS) : Albert D Mason Inc scooped up 160 additional shares in Bemis Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 54,448 shares of Bemis Company which is valued at $2,860,153.Bemis Company makes up approximately 1.75% of Albert D Mason Inc’s portfolio.

Other Hedge Funds, Including , Weaver C. Barksdale Associates boosted its stake in BMS in the latest quarter, The investment management firm added 41 additional shares and now holds a total of 356 shares of Bemis Company which is valued at $18,733. Bemis Company makes up approx 0.03% of Weaver C. Barksdale Associates’s portfolio.Centurylink Investment Management Co reduced its stake in BMS by selling 2,455 shares or 8.04% in the most recent quarter. The Hedge Fund company now holds 28,079 shares of BMS which is valued at $1,455,615. Bemis Company makes up approx 0.51% of Centurylink Investment Management Co’s portfolio.Raymond James Trust N.a. boosted its stake in BMS in the latest quarter, The investment management firm added 280 additional shares and now holds a total of 6,614 shares of Bemis Company which is valued at $342,870. Bemis Company makes up approx 0.03% of Raymond James Trust N.a.’s portfolio.

Bemis Company closed down -0.07 points or -0.13% at $52.53 with 5,73,798 shares getting traded on Wednesday. Post opening the session at $52.7, the shares hit an intraday low of $52.495 and an intraday high of $52.92 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Bemis Company reported $0.60 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.62. The company had revenue of $967.90 million for the quarter, compared to analysts expectations of $1006.74 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.61 EPS.

Many Wall Street Analysts have commented on Bemis Company. SunTrust Initiated Bemis Company on Jul 13, 2016 to “Buy”, Price Target of the shares are set at $60.Bemis Company was Initiated by Goldman to “Neutral” on May 12, 2016. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 50 from a previous price target of $47 .

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.

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