Domtar Corporation (UFS) Holdings Increased by Legal & General Group Plc

Legal & General Group Plc grew its holdings in shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) by 4.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,400 shares of the basic materials company’s stock after buying an additional 5,051 shares during the period. Legal & General Group Plc owned 0.18% of Domtar Corporation worth $4,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in UFS. Teachers Advisors LLC lifted its holdings in Domtar Corporation by 8.4% during the 4th quarter. Teachers Advisors LLC now owns 65,404 shares of the basic materials company’s stock worth $2,553,000 after buying an additional 5,051 shares during the last quarter. Bank of Montreal Can lifted its holdings in Domtar Corporation by 27.2% during the 1st quarter. Bank of Montreal Can now owns 39,303 shares of the basic materials company’s stock worth $1,434,000 after buying an additional 8,408 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Domtar Corporation by 1.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 15,800 shares of the basic materials company’s stock worth $577,000 after buying an additional 300 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Domtar Corporation by 1.4% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,942 shares of the basic materials company’s stock worth $801,000 after buying an additional 300 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in Domtar Corporation by 2.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 37,527 shares of the basic materials company’s stock worth $1,370,000 after buying an additional 1,057 shares during the last quarter. 91.20% of the stock is owned by institutional investors.

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UFS has been the subject of a number of recent analyst reports. ValuEngine raised Domtar Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Vertical Research reaffirmed a “buy” rating on shares of Domtar Corporation in a report on Friday, July 28th. BidaskClub raised Domtar Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research raised Domtar Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, CIBC raised Domtar Corporation from a “sector underperform” rating to a “sector perform” rating in a report on Monday, June 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $41.20.

Shares of Domtar Corporation (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 stock has a 50 day moving average price of $39.26 and a 200 day moving average price of $38.08. The stock has a market capitalization of $2.63 billion, a P/E ratio of 16.02 and a beta of 1.49.

Domtar Corporation (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings results on Friday, July 28th. The basic materials company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.08. The business had revenue of $1.22 billion during 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 company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.61 earnings per share. On average, equities analysts anticipate that Domtar Corporation will post $2.47 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be paid a $0.415 dividend. The ex-dividend date is Friday, September 29th. This represents a $1.66 dividend on an annualized basis and a yield of 3.95%. Domtar Corporation’s dividend payout ratio (DPR) is 63.36%.

In related news, insider Michael Fagan sold 4,154 shares of Domtar Corporation stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $41.40, for a total value of $171,975.60. Following the completion of the transaction, the insider now directly owns 10,649 shares in the company, valued at $440,868.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Daniel Buron sold 4,900 shares of Domtar Corporation stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $40.10, for a total value of $196,490.00. Following the completion of the transaction, the vice president now owns 15,126 shares of the company’s stock, valued at $606,552.60. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for Domtar Corporation (NYSE:UFS)

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