Millennium Management LLC Has $13.20 Million Stake in Domtar Corp (NYSE:UFS)

Millennium Management LLC raised its holdings in Domtar Corp (NYSE:UFS) (TSE:UFS) by 2,233.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 368,657 shares of the basic materials company’s stock after purchasing an additional 352,859 shares during the quarter. Millennium Management LLC’s holdings in Domtar were worth $13,201,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. First Trust Advisors LP raised its holdings in shares of Domtar by 9.6% in the first quarter. First Trust Advisors LP now owns 85,197 shares of the basic materials company’s stock valued at $4,230,000 after buying an additional 7,470 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its position in Domtar by 5.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 135,339 shares of the basic materials company’s stock valued at $6,719,000 after acquiring an additional 6,951 shares in the last quarter. AE Wealth Management LLC acquired a new stake in Domtar in the 2nd quarter valued at about $244,000. Brookstone Capital Management bought a new position in shares of Domtar in the second quarter worth about $436,000. Finally, Arizona State Retirement System raised its stake in shares of Domtar by 1.4% in the second quarter. Arizona State Retirement System now owns 45,798 shares of the basic materials company’s stock worth $2,039,000 after acquiring an additional 615 shares during the last quarter. 94.34% of the stock is currently owned by institutional investors.

UFS has been the topic of several research analyst reports. TD Securities increased their price target on shares of Domtar from $37.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Citigroup lowered their target price on Domtar from $36.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Scotiabank set a $45.00 target price on Domtar and gave the stock a “hold” rating in a research report on Friday, August 30th. ValuEngine raised Domtar from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Raymond James reiterated a “market perform” rating and issued a $38.00 price target on shares of Domtar in a report on Monday, October 28th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $47.27.

NYSE:UFS opened at $37.88 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.28 and a debt-to-equity ratio of 0.41. Domtar Corp has a 12-month low of $31.72 and a 12-month high of $53.89. The stock’s fifty day simple moving average is $37.24 and its 200-day simple moving average is $38.28. The firm has a market capitalization of $2.14 billion, a P/E ratio of 8.22 and a beta of 1.95.

Domtar (NYSE:UFS) (TSE:UFS) last released its earnings results on Friday, October 25th. The basic materials company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.31. Domtar had a return on equity of 11.17% and a net margin of 3.82%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the firm posted $1.46 earnings per share. The company’s quarterly revenue was down 6.1% on a year-over-year basis. As a group, equities research analysts expect that Domtar Corp will post 3.16 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $0.455 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.80%. Domtar’s dividend payout ratio (DPR) is presently 39.48%.

About Domtar

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.

Featured Story: Are 12b-1 Fees Affecting Your Mutual Fund Performance?

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.