Marshwinds Advisory Co Lowers stake in Bemis Company (BMS)

Bemis Company (BMS) : Marshwinds Advisory Co reduced its stake in Bemis Company by 0.5% during the most recent quarter end. The investment management company now holds a total of 19,915 shares of Bemis Company which is valued at $987,784 after selling 100 shares in Bemis Company , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Bemis Company makes up approximately 0.49% of Marshwinds Advisory Co’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in BMS by selling 303 shares or 7.35% in the most recent quarter. The Hedge Fund company now holds 3,820 shares of BMS which is valued at $189,472. Bemis Company makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in BMS by selling 10,097 shares or 23.34% in the most recent quarter. The Hedge Fund company now holds 33,163 shares of BMS which is valued at $1,645,548. Bemis Company makes up approx 0.04% of Oregon Public Employees Retirement Fund’s portfolio. Cutler Group Lp sold out all of its stake in BMS during the most recent quarter. The investment firm sold 195 shares of BMS which is valued $9,676. Washington Trust Bank added BMS to its portfolio by purchasing 16 company shares during the most recent quarter which is valued at $791.

Bemis Company opened for trading at $49.51 and hit $49.98 on the upside on Tuesday, eventually ending the session at $49.92, with a gain of 0.60% or 0.3 points. The heightened volatility saw the trading volume jump to 9,91,749 shares. Company has a market cap of $4,728 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.

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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