Royal Bank Of Canada Increases Stake in Altria Group (Call) (MO); Bemis (BMS) Shareholder Starboard Value LP Lowered Its Holding

June 18, 2018 - By Michael Collier

Bemis Company, Inc. (NYSE:BMS) Logo

Royal Bank Of Canada increased its stake in Altria Group Inc (Call) (MO) by 5.29% based on its latest 2018Q1 regulatory filing with the SEC. Royal Bank Of Canada bought 5,300 shares as the company’s stock declined 14.98% with the market. The institutional investor held 105,400 shares of the farming and seeds and milling company at the end of 2018Q1, valued at $6.57 million, up from 100,100 at the end of the previous reported quarter. Royal Bank Of Canada who had been investing in Altria Group Inc (Call) for a number of months, seems to be bullish on the $109.48B market cap company. The stock increased 1.92% or $1.09 during the last trading session, reaching $57.79. About 11.51M shares traded or 34.61% up from the average. Altria Group, Inc. (NYSE:MO) has declined 24.97% since June 18, 2017 and is downtrending. It has underperformed by 37.54% the S&P500. Some Historical MO News: 26/04/2018 – Altria 1Q Rev $6.11B; 26/04/2018 – Altria 1Q EPS $1.00; 16/05/2018 – Altria May Face Pressure, Industry Posts 9th Straight Drop; 17/05/2018 – ALTRIA CEO: REAFFIRMS GUIDANCE OF ADJUSTED EPS $3.90-$4.03; 15/03/2018 – FDA seeks research, public input in fresh move to curb nicotine addiction; 09/04/2018 – Fitch Sees Altria as Well-Positioned Through Its Licensing Agreement With Philip Morris; 17/05/2018 – ALTRIA GROUP INC – DECLARES REGULAR QUARTERLY DIVIDEND OF $0.70 PER SHARE; 22/05/2018 – ALTRIA GROUP ESTABLISHES CHIEF GROWTH OFFICER FUNCTION; 20/03/2018 – ALTRIA UNIT’S APPLICATION TO FDA FOR COPENHAGEN® SNUFF FINE CUT; 22/05/2018 – Altria Group, Inc. Announces New Structure to Accelerate Its Innovation Aspiration

Jeffrey Smith decreased its stake in Bemis Inc (BMS) by 6.58% based on its latest 2018Q1 regulatory filing with the SEC. Starboard Value Lp sold 140,250 shares as the company’s stock declined 2.24% with the market. The hedge fund run by Jeffrey Smith held 1.99M shares of the consumer durables company at the end of 2018Q1, valued at $86.59M, down from 2.13M at the end of the previous reported quarter. Starboard Value Lp who had been investing in Bemis Inc for a number of months, seems to be less bullish one the $3.87 billion market cap company. The stock decreased 0.82% or $0.35 during the last trading session, reaching $42.58. About 1.39 million shares traded or 129.55% up from the average. Bemis Company, Inc. (NYSE:BMS) has declined 1.36% since June 18, 2017 and is downtrending. It has underperformed by 13.93% the S&P500. Some Historical BMS News: 16/03/2018 – BEMIS COMPANY INC – APPOINTS FOUR NEW INDEPENDENT DIRECTORS; 26/04/2018 – BEMIS COMPANY INC – MANAGEMENT CONTINUES TO EXPECT CAPITAL EXPENDITURES FOR 2018 BETWEEN $150 AND $160 MLN; 16/03/2018 – Packaging firm Bemis adds four directors in deal with Starboard; 12/04/2018 – Bemis Presenting at Wells Fargo Industrials Conference May 8; 16/03/2018 – BEMIS BOARD ADDS 4 INDEPENDENT DIRECTORS; 16/03/2018 – Bemis: Ronald J. Floto, William L. Mansfield to Retire From Board; 26/04/2018 – BEMIS COMPANY INC BMS.N SEES FY 2018 ADJUSTED SHR $2.75 TO $2.90; 16/03/2018 – Bemis Co Announces Agreement With Starboard; 16/03/2018 – Bemis Names Guillermo Novo, Marran H. Ogilvie to Board; 16/03/2018 – Bemis: Board to Be Comprised of 13 Directors After Annual Meeting

Analysts await Bemis Company, Inc. (NYSE:BMS) to report earnings on July, 26. They expect $0.64 EPS, up 33.33% or $0.16 from last year’s $0.48 per share. BMS’s profit will be $58.23 million for 16.63 P/E if the $0.64 EPS becomes a reality. After $0.63 actual EPS reported by Bemis Company, Inc. for the previous quarter, Wall Street now forecasts 1.59% EPS growth.

Starboard Value Lp, which manages about $2.57 billion and $4.56B US Long portfolio, upped its stake in Cars Com Inc by 2.18 million shares to 6.75M shares, valued at $191.28M in 2018Q1, according to the filing. It also increased its holding in Ishares Tr (Put) (IWM) by 986,900 shares in the quarter, for a total of 3.95 million shares, and has risen its stake in Mellanox Technologies Ltd (NASDAQ:MLNX).

Among 17 analysts covering Bemis Company Inc. (NYSE:BMS), 4 have Buy rating, 1 Sell and 12 Hold. Therefore 24% are positive. Bemis Company Inc. had 57 analyst reports since September 14, 2015 according to SRatingsIntel. BMO Capital Markets upgraded Bemis Company, Inc. (NYSE:BMS) on Friday, June 23 to “Outperform” rating. RBC Capital Markets maintained Bemis Company, Inc. (NYSE:BMS) rating on Tuesday, September 5. RBC Capital Markets has “Sell” rating and $39.0 target. The rating was maintained by Credit Suisse with “Neutral” on Tuesday, February 6. The rating was initiated by Macquarie Research with “Neutral” on Tuesday, November 10. Wells Fargo maintained it with “Hold” rating and $43.0 target in Friday, September 8 report. The firm earned “Buy” rating on Monday, April 2 by Bank of America. The stock of Bemis Company, Inc. (NYSE:BMS) earned “Hold” rating by Vertical Research on Friday, April 29. The rating was upgraded by Bank of America to “Hold” on Friday, September 15. SunTrust initiated the stock with “Buy” rating in Wednesday, July 13 report. The stock of Bemis Company, Inc. (NYSE:BMS) has “Hold” rating given on Thursday, April 13 by BMO Capital Markets.

Investors sentiment increased to 0.93 in Q1 2018. Its up 0.04, from 0.89 in 2017Q4. It improved, as 29 investors sold BMS shares while 103 reduced holdings. 34 funds opened positions while 89 raised stakes. 64.30 million shares or 0.60% less from 64.69 million shares in 2017Q4 were reported. 8.63 million are held by Vanguard Group. Toronto Dominion National Bank holds 0% of its portfolio in Bemis Company, Inc. (NYSE:BMS) for 16 shares. Minnesota-based Perkins Capital Incorporated has invested 0.61% in Bemis Company, Inc. (NYSE:BMS). Coastline Trust reported 51,115 shares stake. Alliancebernstein Ltd Partnership holds 326,684 shares or 0.01% of its portfolio. Walleye Trading accumulated 0% or 238 shares. Atlantic Tru Grp Limited reported 10,795 shares or 0% of all its holdings. Bluecrest Mgmt owns 15,128 shares or 0.02% of their US portfolio. Finance Engines Advisors Lc accumulated 60,293 shares or 0.08% of the stock. Echo Street Management Ltd Llc has invested 0.33% in Bemis Company, Inc. (NYSE:BMS). Adage Capital Prns Ltd Liability Company reported 291,070 shares or 0.03% of all its holdings. Moreover, Lpl Limited Liability Co has 0% invested in Bemis Company, Inc. (NYSE:BMS). California State Teachers Retirement Systems accumulated 0.01% or 151,582 shares. 49,495 were accumulated by Rowland & Investment Counsel Adv. Regions Fincl owns 0% invested in Bemis Company, Inc. (NYSE:BMS) for 2,412 shares.

More notable recent Altria Group, Inc. (NYSE:MO) news were published by: Seekingalpha.com which released: “Social Data Turns A Corner On Altria” on June 01, 2018, also Fool.com with their article: “Why Are These Philip Morris International Insiders Buying Millions of Dollars in Stock?” published on June 04, 2018, Seekingalpha.com published: “Is Vector Group Dividend For Real?” on June 18, 2018. More interesting news about Altria Group, Inc. (NYSE:MO) were released by: Fool.com and their article: “Better Buy: Altria Group vs. Verizon” published on June 17, 2018 as well as Seekingalpha.com‘s news article titled: “Altria – A $62 Discount Cash Flow Valuation” with publication date: May 31, 2018.

Royal Bank Of Canada, which manages about $223.28B US Long portfolio, decreased its stake in Spdr Index Shs Fds (CWI) by 12,565 shares to 2,703 shares, valued at $105,000 in 2018Q1, according to the filing. It also reduced its holding in Claymore Exchange Trd Fd Tr (BSJL) by 298,360 shares in the quarter, leaving it with 31,329 shares, and cut its stake in Innoviva Inc.

Since February 7, 2018, it had 1 insider buy, and 4 insider sales for $1.52 million activity. Another trade for 3,464 shares valued at $216,154 was sold by Quigley Brian W.. Dillard James E III also sold $410,313 worth of Altria Group, Inc. (NYSE:MO) on Friday, February 9. Another trade for 5,345 shares valued at $300,334 was made by Newman Mark on Monday, April 30. 3,200 shares were sold by SURGNER W HILDEBRANDT JR, worth $199,488 on Friday, March 2.

Among 20 analysts covering Altria Group Inc. (NYSE:MO), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. Altria Group Inc. had 65 analyst reports since July 31, 2015 according to SRatingsIntel. Jefferies maintained Altria Group, Inc. (NYSE:MO) on Monday, July 17 with “Hold” rating. The firm has “Sell” rating by RBC Capital Markets given on Friday, June 30. The company was maintained on Monday, January 8 by Cowen & Co. Cowen & Co upgraded the shares of MO in report on Tuesday, September 26 to “Outperform” rating. The stock has “Hold” rating by RBC Capital Markets on Monday, February 5. The firm earned “Neutral” rating on Wednesday, April 18 by Citigroup. The rating was maintained by RBC Capital Markets with “Sell” on Monday, May 29. As per Monday, July 31, the company rating was upgraded by RBC Capital Markets. RBC Capital Markets downgraded Altria Group, Inc. (NYSE:MO) on Thursday, March 23 to “Underperform” rating. On Thursday, July 27 the stock rating was maintained by Cowen & Co with “Hold”.

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