Meristem Llp Lowers stake in Bemis Company (BMS)

Bemis Company (BMS) : Meristem Llp reduced its stake in Bemis Company by 3.75% during the most recent quarter end. The investment management company now holds a total of 172,259 shares of Bemis Company which is valued at $9,019,481 after selling 6,705 shares in Bemis Company , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.Bemis Company makes up approximately 3.86% of Meristem Llp’s portfolio.

Other Hedge Funds, Including , Farmers Merchants Investments Inc boosted its stake in BMS in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 69,000 shares of Bemis Company which is valued at $3,624,570. Bemis Company makes up approx 0.39% of Farmers Merchants Investments Inc’s portfolio.Marshwinds Advisory Co reduced its stake in BMS by selling 400 shares or 1.96% in the most recent quarter. The Hedge Fund company now holds 20,015 shares of BMS which is valued at $1,037,578. Bemis Company makes up approx 0.50% of Marshwinds Advisory Co’s portfolio.

Bemis Company closed down -0.87 points or -1.66% at $51.51 with 14,16,281 shares getting traded on Thursday. Post opening the session at $51.98, the shares hit an intraday low of $50.48 and an intraday high of $51.98 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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