Virginia Retirement Systems ET AL lowered its holdings in Domtar Corp (NYSE:UFS) (TSE:UFS) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 53,400 shares of the basic materials company’s stock after selling 1,900 shares during the quarter. Virginia Retirement Systems ET AL owned about 0.08% of Domtar worth $2,651,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the business. Oregon Public Employees Retirement Fund raised its position in shares of Domtar by 3,483.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 877,934 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 853,435 shares during the last quarter. Winslow Evans & Crocker Inc. bought a new stake in Domtar in the fourth quarter valued at about $26,000. Stevens First Principles Investment Advisors bought a new stake in Domtar in the fourth quarter valued at about $31,000. Enlightenment Research LLC acquired a new position in Domtar in the fourth quarter valued at about $77,000. Finally, IFP Advisors Inc grew its stake in Domtar by 144.8% in the fourth quarter. IFP Advisors Inc now owns 2,269 shares of the basic materials company’s stock valued at $79,000 after acquiring an additional 1,342 shares during the period. 92.72% of the stock is currently owned by institutional investors.
In related news, CEO John David Williams sold 47,176 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $52.30, for a total transaction of $2,467,304.80. Following the completion of the transaction, the chief executive officer now directly owns 16,373 shares of the company’s stock, valued at $856,307.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Fagan sold 10,613 shares of the stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $52.72, for a total value of $559,517.36. Following the transaction, the insider now directly owns 5,946 shares of the company’s stock, valued at $313,473.12. The disclosure for this sale can be found here. Insiders have sold 120,402 shares of company stock valued at $6,309,471 over the last ninety days. 0.95% of the stock is owned by insiders.
Shares of UFS stock traded down $0.93 on Wednesday, hitting $43.05. 322,848 shares of the stock were exchanged, compared to its average volume of 724,080. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.19 and a quick ratio of 1.11. The stock has a market capitalization of $2.77 billion, a P/E ratio of 9.34 and a beta of 1.96. Domtar Corp has a fifty-two week low of $33.81 and a fifty-two week high of $54.50.
Domtar (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.08. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Domtar had a return on equity of 12.88% and a net margin of 5.63%. Domtar’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 earnings per share. Equities analysts expect that Domtar Corp will post 5.29 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Tuesday, July 2nd will be given a dividend of $0.455 per share. This is a boost from Domtar’s previous quarterly dividend of $0.44. This represents a $1.82 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend is Monday, July 1st. Domtar’s dividend payout ratio is currently 37.74%.
UFS has been the subject of a number of research analyst reports. TheStreet raised Domtar from a “c” rating to a “b” rating in a research note on Wednesday, February 6th. Zacks Investment Research raised Domtar from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Friday, April 12th. DA Davidson raised Domtar from a “neutral” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Thursday, May 2nd. Bank of America raised Domtar from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 30th. Finally, Goldman Sachs Group raised Domtar from a “neutral” rating to a “buy” rating and boosted their target price for the company from $51.00 to $56.00 in a research note on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $52.25.
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.
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