Domtar Corp (UFS) Holdings Reduced by Raymond James & Associates

Raymond James & Associates lowered its position in Domtar Corp (NYSE:UFS) (TSE:UFS) by 48.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,167 shares of the basic materials company’s stock after selling 45,742 shares during the quarter. Raymond James & Associates’ holdings in Domtar were worth $2,347,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Domtar by 2.5% in the first quarter. Principal Financial Group Inc. now owns 273,787 shares of the basic materials company’s stock valued at $11,647,000 after acquiring an additional 6,663 shares during the last quarter. BlackRock Inc. lifted its stake in Domtar by 2.1% in the second quarter. BlackRock Inc. now owns 7,773,497 shares of the basic materials company’s stock valued at $371,108,000 after acquiring an additional 158,605 shares during the last quarter. Pinebridge Investments L.P. lifted its stake in Domtar by 75.6% in the second quarter. Pinebridge Investments L.P. now owns 7,543 shares of the basic materials company’s stock valued at $360,000 after acquiring an additional 3,247 shares during the last quarter. Systematic Financial Management LP lifted its stake in shares of Domtar by 15.9% during the 2nd quarter. Systematic Financial Management LP now owns 354,236 shares of the basic materials company’s stock worth $16,911,000 after buying an additional 48,612 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Domtar by 4.2% during the 2nd quarter. Mutual of America Capital Management LLC now owns 54,008 shares of the basic materials company’s stock worth $2,578,000 after buying an additional 2,168 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

A number of research firms have recently issued reports on UFS. TheStreet cut shares of Domtar from a “b-” rating to a “c+” rating in a research note on Monday, July 9th. Royal Bank of Canada raised their target price on shares of Domtar from $52.00 to $54.00 and gave the stock an “outperform” rating in a research note on Thursday, August 2nd. BMO Capital Markets raised their target price on shares of Domtar from $47.00 to $52.00 and gave the stock a “market perform” rating in a research note on Monday, August 13th. National Bank Financial raised their target price on shares of Domtar from $45.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Monday, July 30th. Finally, Citigroup raised their target price on shares of Domtar from $41.00 to $44.00 and gave the stock a “sell” rating in a research note on Tuesday, July 10th. Thirteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $47.21.

NYSE UFS opened at $48.68 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.45. The stock has a market cap of $3.28 billion, a PE ratio of 18.72, a P/E/G ratio of 2.72 and a beta of 1.57. Domtar Corp has a 52-week low of $40.72 and a 52-week high of $54.50.

Domtar (NYSE:UFS) (TSE:UFS) last released its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). Domtar had a positive return on equity of 7.79% and a negative net margin of 3.25%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the business posted $0.61 earnings per share. Domtar’s revenue was up 10.5% compared to the same quarter last year. As a group, equities research analysts expect that Domtar Corp will post 3.84 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Tuesday, October 2nd will be given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Monday, October 1st. Domtar’s dividend payout ratio is 66.92%.

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.

See Also: What is Considered a Good Return on Equity (ROE)?

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)

Receive News & Ratings for Domtar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domtar and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply