SG Americas Securities LLC increased its position in Domtar Corporation (NYSE:UFS) (TSE:UFS) by 445.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,093 shares of the basic materials company’s stock after buying an additional 18,856 shares during the period. SG Americas Securities LLC’s holdings in Domtar Corporation were worth $843,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in Domtar Corporation during the fourth quarter worth approximately $23,553,000. Federated Investors Inc. PA increased its stake in shares of Domtar Corporation by 359.1% in the fourth quarter. Federated Investors Inc. PA now owns 559,060 shares of the basic materials company’s stock worth $21,820,000 after buying an additional 437,278 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Domtar Corporation by 31.0% in the first quarter. Advisors Asset Management Inc. now owns 682,107 shares of the basic materials company’s stock worth $24,911,000 after buying an additional 161,497 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of Domtar Corporation by 133.7% in the fourth quarter. Two Sigma Investments LP now owns 238,782 shares of the basic materials company’s stock worth $9,320,000 after buying an additional 136,624 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Domtar Corporation during the fourth quarter worth $4,297,000. 86.34% of the stock is currently owned by institutional investors.
Shares of Domtar Corporation (NYSE:UFS) opened at 36.99 on Friday. The company has a market cap of $2.32 billion, a P/E ratio of 16.08 and a beta of 1.45. The stock’s 50 day moving average price is $37.35 and its 200 day moving average price is $38.83. Domtar Corporation has a 12-month low of $32.74 and a 12-month high of $44.58.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last released its earnings results on Thursday, April 27th. The basic materials company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.08. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Domtar Corporation had a return on equity of 6.50% and a net margin of 2.82%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. On average, analysts forecast that Domtar Corporation will post $2.79 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Monday, July 3rd will be paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date is Thursday, June 29th. Domtar Corporation’s payout ratio is presently 72.17%.
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A number of brokerages have weighed in on UFS. BidaskClub upgraded Domtar Corporation from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research upgraded Domtar Corporation from a “sell” rating to a “hold” rating in a report on Wednesday. CIBC upgraded Domtar Corporation from a “sector underperform” rating to a “sector perform” rating in a report on Monday, June 5th. ValuEngine downgraded Domtar Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $48.00 target price (up from $47.00) on shares of Domtar Corporation in a report on Wednesday, February 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $42.17.
In other news, insider Michael Fagan sold 7,507 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $39.60, for a total value of $297,277.20. Following the completion of the transaction, the insider now owns 14,002 shares in the company, valued at approximately $554,479.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Dennis Garcia sold 15,628 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $38.80, for a total value of $606,366.40. Following the completion of the transaction, the insider now owns 3,290 shares of the company’s stock, valued at approximately $127,652. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,269 shares of company stock valued at $1,027,531. 1.04% of the stock is currently owned by company insiders.
About Domtar Corporation
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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