Parametric Portfolio Associates LLC increased its position in shares of Domtar Corp (NYSE:UFS) (TSE:UFS) by 0.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 500,058 shares of the basic materials company’s stock after acquiring an additional 294 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.79% of Domtar worth $24,828,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in UFS. BlackRock Inc. grew its holdings in shares of Domtar by 6.3% during the fourth quarter. BlackRock Inc. now owns 8,167,471 shares of the basic materials company’s stock worth $286,923,000 after buying an additional 487,215 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Domtar by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,163,540 shares of the basic materials company’s stock valued at $181,395,000 after purchasing an additional 145,552 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Domtar by 1.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,360,051 shares of the basic materials company’s stock valued at $47,778,000 after purchasing an additional 17,660 shares in the last quarter. Geode Capital Management LLC grew its stake in Domtar by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 1,228,133 shares of the basic materials company’s stock valued at $43,143,000 after purchasing an additional 49,013 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in Domtar by 58.1% in the fourth quarter. Prudential Financial Inc. now owns 891,207 shares of the basic materials company’s stock valued at $31,308,000 after purchasing an additional 327,610 shares in the last quarter. 94.33% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently issued reports on UFS. Zacks Investment Research cut Domtar from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Bank of America raised Domtar from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 30th. DA Davidson raised Domtar from a “neutral” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Thursday, May 2nd. Goldman Sachs Group raised Domtar from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $51.00 to $56.00 in a report on Friday, May 3rd. Finally, Raymond James reissued a “market perform” rating and set a $51.00 price target on shares of Domtar in a report on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $52.25.
Shares of UFS traded up $0.20 during midday trading on Wednesday, hitting $43.35. The company’s stock had a trading volume of 422,300 shares, compared to its average volume of 688,471. Domtar Corp has a one year low of $33.81 and a one year high of $54.50. The company’s fifty day moving average price is $43.73. 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 company has a market cap of $2.71 billion, a PE ratio of 9.40 and a beta of 1.98.
Domtar (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.08. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.44 billion. Domtar had a return on equity of 12.88% and a net margin of 5.63%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 EPS. As a group, equities analysts forecast that Domtar Corp will post 5.46 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Tuesday, July 2nd will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $1.82 dividend on an annualized basis and a yield of 4.20%. This is a positive change from Domtar’s previous quarterly dividend of $0.44. Domtar’s payout ratio is currently 37.74%.
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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