Teacher Retirement System of Texas raised its position in shares of Domtar Corp. (NYSE:UFS) by 13.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,778 shares of the company’s stock after buying an additional 1,065 shares during the period. Teacher Retirement System of Texas’ holdings in Domtar Corp. were worth $307,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. Hussman Strategic Advisors Inc. acquired a new position in shares of Domtar Corp. during the second quarter worth $123,000. LS Investment Advisors LLC increased its position in shares of Domtar Corp. by 72.9% in the second quarter. LS Investment Advisors LLC now owns 3,785 shares of the company’s stock worth $133,000 after buying an additional 1,596 shares in the last quarter. Oakbrook Investments LLC increased its position in shares of Domtar Corp. by 9.4% in the second quarter. Oakbrook Investments LLC now owns 5,800 shares of the company’s stock worth $203,000 after buying an additional 500 shares in the last quarter. BB&T Securities LLC acquired a new position in shares of Domtar Corp. during the first quarter worth $211,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of Domtar Corp. during the second quarter worth $238,000. 84.59% of the stock is owned by institutional investors and hedge funds.
Domtar Corp. (NYSE:UFS) traded up 1.83% during midday trading on Friday, reaching $37.34. 229,596 shares of the company’s stock were exchanged. Domtar Corp. has a 12-month low of $29.88 and a 12-month high of $42.95. The stock’s 50-day moving average is $37.01 and its 200-day moving average is $37.68. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 26.09 and a beta of 1.64.
Domtar Corp. (NYSE:UFS) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.48. Domtar Corp. had a net margin of 1.74% and a return on equity of 6.84%. The business earned $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the business earned $0.61 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities analysts forecast that Domtar Corp. will post $2.93 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Thursday, September 29th. Domtar Corp.’s dividend payout ratio is presently 116.08%.
UFS has been the subject of a number of analyst reports. TheStreet raised shares of Domtar Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Zacks Investment Research downgraded shares of Domtar Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, October 6th. Citigroup Inc. raised their price target on shares of Domtar Corp. from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, August 2nd. Moffett Nathanson raised shares of Domtar Corp. from an “underperform” rating to a “neutral” rating in a research report on Monday, October 3rd. Finally, Bank of America Corp. raised shares of Domtar Corp. from an “underperform” rating to a “neutral” rating in a research report on Monday, October 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $39.71.
About Domtar Corp.
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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