Victory Capital Management Inc. raised its stake in Domtar Corp. (NYSE:UFS) by 17.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,822 shares of the company’s stock after buying an additional 1,620 shares during the period. Victory Capital Management Inc.’s holdings in Domtar Corp. were worth $379,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of UFS. Hussman Strategic Advisors Inc. acquired a new position in Domtar Corp. during the second quarter valued at $123,000. LS Investment Advisors LLC increased its position in Domtar Corp. by 72.9% in the second quarter. LS Investment Advisors LLC now owns 3,785 shares of the company’s stock valued at $133,000 after buying an additional 1,596 shares during the last quarter. IFP Advisors Inc increased its position in Domtar Corp. by 1.0% in the first quarter. IFP Advisors Inc now owns 4,774 shares of the company’s stock valued at $193,000 after buying an additional 49 shares during the last quarter. Oakbrook Investments LLC increased its position in Domtar Corp. by 9.4% in the second quarter. Oakbrook Investments LLC now owns 5,800 shares of the company’s stock valued at $203,000 after buying an additional 500 shares during the last quarter. Finally, BB&T Securities LLC acquired a new position in Domtar Corp. during the first quarter valued at $211,000. Institutional investors and hedge funds own 84.60% of the company’s stock.
Domtar Corp. (NYSE:UFS) traded up 1.20% during mid-day trading on Friday, reaching $37.13. The company’s stock had a trading volume of 386,922 shares. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 25.95 and a beta of 1.67. The firm’s 50 day moving average price is $37.08 and its 200 day moving average price is $37.66. Domtar Corp. has a 12-month low of $29.88 and a 12-month high of $42.95.
Domtar Corp. (NYSE:UFS) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.48. The business earned $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Domtar Corp. had a return on equity of 6.84% and a net margin of 1.74%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. On average, equities analysts predict that Domtar Corp. will post $2.93 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be given a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend is Thursday, September 29th. Domtar Corp.’s dividend payout ratio (DPR) is presently 116.08%.
A number of research analysts have recently commented on the company. DA Davidson downgraded Domtar Corp. from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $42.00 to $30.00 in a research report on Friday, July 8th. Goldman Sachs Group Inc. assumed coverage on Domtar Corp. in a research report on Thursday, September 22nd. They set a “neutral” rating and a $40.00 target price for the company. Zacks Investment Research downgraded Domtar Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 12th. TheStreet upgraded Domtar Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th. Finally, Macquarie lowered their target price on Domtar Corp. from $45.00 to $41.00 and set an “outperform” rating for the company in a research report on Thursday, September 15th. Three analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Domtar Corp. currently has a consensus rating of “Hold” and a consensus price target of $39.71.
Domtar Corp. Company Profile
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Company operates through two business segments: Pulp and Paper, and Personal Care. Its Pulp and Paper segment is engaged in the designing, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.
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