Nationwide Fund Advisors lowered its position in shares of Domtar Corp. (NYSE:UFS) by 1.2% during the second quarter, Holdings Channel reports. The firm owned 126,636 shares of the company’s stock after selling 1,475 shares during the period. Nationwide Fund Advisors owned 0.20% of Domtar Corp. worth $4,434,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in UFS. BlackRock Fund Advisors raised its stake in Domtar Corp. by 10.9% in the first quarter. BlackRock Fund Advisors now owns 5,636,324 shares of the company’s stock worth $228,271,000 after buying an additional 553,895 shares in the last quarter. Prudential Financial Inc. raised its stake in Domtar Corp. by 740.3% in the first quarter. Prudential Financial Inc. now owns 297,479 shares of the company’s stock worth $12,048,000 after buying an additional 262,077 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new stake in Domtar Corp. during the first quarter worth about $10,040,000. Panagora Asset Management Inc. raised its stake in Domtar Corp. by 158.3% in the first quarter. Panagora Asset Management Inc. now owns 347,166 shares of the company’s stock worth $14,060,000 after buying an additional 212,775 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in Domtar Corp. by 184.2% in the second quarter. Advisors Asset Management Inc. now owns 207,402 shares of the company’s stock worth $7,261,000 after buying an additional 134,431 shares in the last quarter. Institutional investors own 84.60% of the company’s stock.
Domtar Corp. (NYSE:UFS) traded up 1.20% on Friday, reaching $37.13. The company had a trading volume of 386,922 shares. Domtar Corp. has a 12 month low of $29.88 and a 12 month high of $42.95. The firm has a market capitalization of $2.32 billion, a PE ratio of 25.95 and a beta of 1.67. The stock has a 50 day moving average of $37.08 and a 200 day moving average of $37.66.
Domtar Corp. (NYSE:UFS) last issued its earnings results on Wednesday, July 27th. The company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.48. Domtar Corp. had a return on equity of 6.84% and a net margin of 1.74%. The company earned $1.27 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. The company’s revenue was down 1.6% compared to the same quarter last year. On average, analysts anticipate that Domtar Corp. will post $2.93 EPS for the current year.
The business also recently announced 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 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Thursday, September 29th. Domtar Corp.’s payout ratio is 116.08%.
A number of research firms have issued reports on UFS. Zacks Investment Research lowered Domtar Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. DA Davidson increased their price target on Domtar Corp. from $30.00 to $32.00 and gave the company an “underperform” rating in a research report on Thursday, July 28th. Goldman Sachs Group Inc. began coverage on Domtar Corp. in a research report on Thursday, September 22nd. They issued a “neutral” rating and a $40.00 price target on the stock. Citigroup Inc. increased their price target on Domtar Corp. from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, August 2nd. Finally, TheStreet raised Domtar Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Domtar Corp. 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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