Mairs Power Inc buys $229,311,379 stake in Bemis Company (BMS)

Bemis Company (BMS) : Mairs Power Inc scooped up 70,848 additional shares in Bemis Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 4,573,422 shares of Bemis Company which is valued at $229,311,379.Bemis Company makes up approximately 3.04% of Mairs Power Inc’s portfolio.

Other Hedge Funds, Including , Veritable reduced its stake in BMS by selling 46 shares or 0.97% in the most recent quarter. The Hedge Fund company now holds 4,702 shares of BMS which is valued at $235,758. Bemis Company makes up approx 0.01% of Veritable’s portfolio.Blackrock Fund Advisors boosted its stake in BMS in the latest quarter, The investment management firm added 132,176 additional shares and now holds a total of 3,309,116 shares of Bemis Company which is valued at $165,919,076. Bemis Company makes up approx 0.04% of Blackrock Fund Advisors’s portfolio.Ameritas Investment Partners boosted its stake in BMS in the latest quarter, The investment management firm added 513 additional shares and now holds a total of 14,972 shares of Bemis Company which is valued at $750,696. Bemis Company makes up approx 0.05% of Ameritas Investment Partners’s portfolio.Vanguard Group Inc boosted its stake in BMS in the latest quarter, The investment management firm added 210,016 additional shares and now holds a total of 9,363,600 shares of Bemis Company which is valued at $469,490,904. Bemis Company makes up approx 0.03% of Vanguard Group Inc’s portfolio.State Treasurer State Of Michigan boosted its stake in BMS in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 38,000 shares of Bemis Company which is valued at $1,906,840. Bemis Company makes up approx 0.01% of State Treasurer State Of Michigan’s portfolio.

Bemis Company opened for trading at $52.67 and hit $52.85 on the upside on Thursday, eventually ending the session at $52.7, with a gain of 0.19% or 0.1 points. The heightened volatility saw the trading volume jump to 9,95,200 shares. Company has a market cap of $4,991 M.

On the company’s financial health, Bemis Company reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.66. The company had revenue of $1021.30 million for the quarter, compared to analysts expectations of $1024.07 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.67 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 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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