Dorsey & Whitney Trust CO LLC Cuts Position in Bemis Company, Inc. (BMS)

Dorsey & Whitney Trust CO LLC decreased its holdings in Bemis Company, Inc. (NYSE:BMS) by 5.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 136,740 shares of the industrial products company’s stock after selling 7,400 shares during the quarter. Bemis accounts for approximately 1.0% of Dorsey & Whitney Trust CO LLC’s investment portfolio, making the stock its 24th largest holding. Dorsey & Whitney Trust CO LLC’s holdings in Bemis were worth $6,646,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Oregon Public Employees Retirement Fund raised its holdings in Bemis by 3.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 35,415 shares of the industrial products company’s stock valued at $1,495,000 after buying an additional 1,023 shares during the period. OppenheimerFunds Inc. grew its position in Bemis by 3.9% in the second quarter. OppenheimerFunds Inc. now owns 28,009 shares of the industrial products company’s stock valued at $1,182,000 after acquiring an additional 1,042 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Bemis by 24.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,481 shares of the industrial products company’s stock valued at $231,000 after acquiring an additional 1,075 shares in the last quarter. Xact Kapitalforvaltning AB grew its position in Bemis by 10.5% in the second quarter. Xact Kapitalforvaltning AB now owns 12,660 shares of the industrial products company’s stock valued at $534,000 after acquiring an additional 1,200 shares in the last quarter. Finally, First Interstate Bank grew its position in Bemis by 50.7% in the second quarter. First Interstate Bank now owns 4,386 shares of the industrial products company’s stock valued at $185,000 after acquiring an additional 1,476 shares in the last quarter. Hedge funds and other institutional investors own 77.17% of the company’s stock.

Shares of BMS stock traded down $0.21 during mid-day trading on Friday, reaching $44.87. 18,532 shares of the company were exchanged, compared to its average volume of 701,088. Bemis Company, Inc. has a fifty-two week low of $40.86 and a fifty-two week high of $53.00. The company has a current ratio of 1.86, a quick ratio of 0.94 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $4.17 billion, a P/E ratio of 18.78, a PEG ratio of 2.34 and a beta of 0.92.



Bemis (NYSE:BMS) last released its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. Bemis had a net margin of 2.66% and a return on equity of 19.70%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. On average, research analysts predict that Bemis Company, Inc. will post 2.79 EPS for the current year.

BMS has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Bemis from a “hold” rating to a “sell” rating in a research report on Monday, October 1st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $54.00 price objective on shares of Bemis in a research report on Tuesday, August 7th. Robert W. Baird reaffirmed a “hold” rating and issued a $57.00 price objective (up previously from $48.00) on shares of Bemis in a research report on Monday, August 6th. Royal Bank of Canada raised shares of Bemis from an “underperform” rating to a “sector perform” rating and increased their price objective for the company from $44.00 to $46.00 in a research report on Wednesday, August 15th. Finally, UBS Group downgraded shares of Bemis from a “buy” rating to a “neutral” rating and set a $54.00 price objective for the company. in a research report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $50.30.

About Bemis

Bemis Company, Inc manufactures and sells packaging products in the United States, Brazil, other Americas, Europe, and the Asia-Pacific. It operates through three segments: U.S. Packaging, Latin America Packaging, and Rest of World Packaging. The company offers multilayer polymer, blown, and cast film structures; and injection molded plastic, thermoformed plastic, and folding carton packaging products.

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Institutional Ownership by Quarter for Bemis (NYSE:BMS)

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