LS Investment Advisors LLC increased its stake in Domtar Corp. (NYSE:UFS) by 72.9% during the second quarter, Holdings Channel reports. The fund owned 3,785 shares of the company’s stock after buying an additional 1,596 shares during the period. LS Investment Advisors LLC’s holdings in Domtar Corp. were worth $133,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. IFP Advisors Inc increased its stake in shares of 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. BB&T Securities LLC bought a new stake in shares of Domtar Corp. during the first quarter valued at approximately $211,000. Eqis Capital Management Inc. bought a new stake in shares of Domtar Corp. during the second quarter valued at approximately $238,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Domtar Corp. during the first quarter valued at approximately $240,000. Finally, Algert Global LLC increased its stake in shares of Domtar Corp. by 13.6% in the first quarter. Algert Global LLC now owns 8,658 shares of the company’s stock valued at $351,000 after buying an additional 1,036 shares during the last quarter. 84.60% of the stock is owned by institutional investors and hedge funds.
Shares of Domtar Corp. (NYSE:UFS) traded up 1.20% during trading on Friday, hitting $37.13. 386,922 shares of the stock traded hands. The company has a market cap of $2.32 billion, a P/E 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. has a 1-year low of $29.88 and a 1-year high of $42.95.
Domtar Corp. (NYSE:UFS) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.48. The company earned $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. Domtar Corp. had a net margin of 1.74% and a return on equity of 6.84%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, equities research analysts predict that Domtar Corp. will post $2.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be given a dividend of $0.415 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.66 annualized dividend and a yield of 4.47%. Domtar Corp.’s payout ratio is currently 116.08%.
Several brokerages recently commented on UFS. DA Davidson downgraded shares of Domtar Corp. from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $42.00 to $30.00 in a report on Friday, July 8th. Goldman Sachs Group Inc. began coverage on shares of Domtar Corp. in a research note on Thursday, September 22nd. They issued a “neutral” rating and a $40.00 price objective for the company. Zacks Investment Research cut shares of Domtar Corp. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 12th. TheStreet upgraded shares of Domtar Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Finally, Macquarie dropped their price objective on shares of Domtar Corp. from $45.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday, September 15th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Domtar Corp. has a consensus rating of “Hold” and a consensus target price 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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