State of Wisconsin Investment Board held its position in shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,397 shares of the basic materials company’s stock at the end of the 2nd quarter. State of Wisconsin Investment Board’s holdings in Domtar Corporation were worth $476,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in UFS. BlackRock Inc. raised its holdings in shares of Domtar Corporation by 8,753.9% in the 1st quarter. BlackRock Inc. now owns 10,377,062 shares of the basic materials company’s stock valued at $378,971,000 after acquiring an additional 10,259,859 shares in the last quarter. QV Investors Inc. purchased a new stake in shares of Domtar Corporation in the 2nd quarter valued at about $219,260,000. Fairpointe Capital LLC raised its holdings in shares of Domtar Corporation by 29.7% in the 1st quarter. Fairpointe Capital LLC now owns 3,664,354 shares of the basic materials company’s stock valued at $133,822,000 after acquiring an additional 839,266 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Domtar Corporation by 1,243.6% in the 1st quarter. Renaissance Technologies LLC now owns 280,042 shares of the basic materials company’s stock valued at $10,227,000 after acquiring an additional 259,200 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Domtar Corporation by 88,696.7% in the 2nd quarter. Acadian Asset Management LLC now owns 135,859 shares of the basic materials company’s stock valued at $5,219,000 after acquiring an additional 135,706 shares in the last quarter. 91.20% of the stock is currently owned by hedge funds and other institutional investors.
Domtar Corporation (NYSE UFS) opened at 42.01 on Wednesday. Domtar Corporation has a 12 month low of $33.99 and a 12 month high of $44.58. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 16.02 and a beta of 1.49. The stock’s 50 day moving average price is $39.26 and its 200 day moving average price is $38.08.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last posted its earnings results on Friday, July 28th. The basic materials company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.31 billion. Domtar Corporation had a return on equity of 6.47% and a net margin of 3.23%. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. Equities research analysts anticipate that Domtar Corporation will post $2.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be given a $0.415 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 3.95%. Domtar Corporation’s dividend payout ratio is currently 63.36%.
In other Domtar Corporation news, insider Michael Fagan sold 4,154 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $41.40, for a total transaction of $171,975.60. Following the sale, the insider now directly owns 10,649 shares of the company’s stock, valued at $440,868.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Daniel Buron sold 4,900 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $40.10, for a total value of $196,490.00. Following the sale, the vice president now directly owns 15,126 shares in the company, valued at $606,552.60. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by insiders.
Several analysts have weighed in on the company. ValuEngine raised Domtar Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 8th. BidaskClub upgraded Domtar Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Zacks Investment Research lowered Domtar Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Scotiabank reduced their price objective on Domtar Corporation from $40.50 to $40.00 and set a “sector perform” rating on the stock in a research report on Monday, July 31st. Finally, Vertical Research reiterated a “buy” rating on shares of Domtar Corporation in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $41.20.
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Domtar Corporation 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 segments include Pulp and Paper and Personal Care. The Pulp and Paper segment consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.
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