Domtar Corp (UFS) Shares Bought by BlackRock Inc.

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BlackRock Inc. grew its holdings in shares of Domtar Corp (NYSE:UFS) (TSE:UFS) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,167,471 shares of the basic materials company’s stock after purchasing an additional 487,215 shares during the period. BlackRock Inc. owned approximately 12.98% of Domtar worth $286,923,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Retirement Systems of Alabama boosted its position in shares of Domtar by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 81,556 shares of the basic materials company’s stock valued at $2,865,000 after purchasing an additional 277 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Domtar by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 6,430,521 shares of the basic materials company’s stock valued at $335,480,000 after purchasing an additional 257,488 shares in the last quarter. Federated Investors Inc. PA boosted its position in shares of Domtar by 5.2% during the 3rd quarter. Federated Investors Inc. PA now owns 202,562 shares of the basic materials company’s stock valued at $10,568,000 after purchasing an additional 10,086 shares in the last quarter. Bank of Hawaii boosted its position in shares of Domtar by 61.8% during the 3rd quarter. Bank of Hawaii now owns 6,795 shares of the basic materials company’s stock valued at $354,000 after purchasing an additional 2,595 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in shares of Domtar by 83.3% during the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 79,200 shares of the basic materials company’s stock valued at $4,132,000 after purchasing an additional 36,000 shares in the last quarter. Institutional investors own 91.65% of the company’s stock.

Shares of UFS opened at $49.99 on Friday. Domtar Corp has a one year low of $33.81 and a one year high of $54.50. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 1.76 and a beta of 2.02. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 0.34.

Domtar (NYSE:UFS) (TSE:UFS) last announced its earnings results on Tuesday, February 5th. The basic materials company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.62 by $0.01. Domtar had a net margin of 5.19% and a return on equity of 11.59%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the company posted $0.64 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, analysts anticipate that Domtar Corp will post 5.71 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd will be issued a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Monday, April 1st. Domtar’s payout ratio is 37.74%.

Several research firms have recently weighed in on UFS. Zacks Investment Research lowered shares of Domtar from a “buy” rating to a “hold” rating in a research report on Tuesday. UFS restated a “sell” rating on shares of Domtar in a research report on Thursday, February 21st. TheStreet upgraded shares of Domtar from a “c” rating to a “b” rating in a research report on Wednesday, February 6th. ValuEngine lowered shares of Domtar from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 11th. Finally, Citigroup reduced their price objective on shares of Domtar from $52.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, January 7th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $49.17.

In other news, insider Michael Dennis Garcia sold 11,272 shares of the stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $51.52, for a total value of $580,733.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Fagan sold 11,834 shares of the stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $51.13, for a total transaction of $605,072.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 148,129 shares of company stock valued at $7,765,651. Corporate insiders own 0.95% of the company’s stock.

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Domtar Profile

Domtar Corporation designs, manufactures, markets, and distributes various communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Pulp and Paper, and Personal Care. The company offers business papers, including copy and electronic imaging papers for use with inkjet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.

Further Reading: Capital Gains

Want to see what other hedge funds are holding UFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domtar Corp (NYSE:UFS) (TSE:UFS).

Institutional Ownership by Quarter for Domtar (NYSE:UFS)

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