Gotham Asset Management LLC raised its position in shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) by 158.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 331,470 shares of the basic materials company’s stock after purchasing an additional 203,410 shares during the quarter. Gotham Asset Management LLC owned 0.53% of Domtar Corporation worth $12,735,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in UFS. Great West Life Assurance Co. Can raised its stake in Domtar Corporation by 2.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 37,527 shares of the basic materials company’s stock valued at $1,370,000 after purchasing an additional 1,057 shares during the period. Swiss National Bank raised its stake in Domtar Corporation by 1.6% during the 1st quarter. Swiss National Bank now owns 103,000 shares of the basic materials company’s stock valued at $3,762,000 after purchasing an additional 1,600 shares during the period. UBS Asset Management Americas Inc. raised its stake in Domtar Corporation by 19.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 59,564 shares of the basic materials company’s stock valued at $2,175,000 after purchasing an additional 9,545 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Domtar Corporation by 133.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 12,079 shares of the basic materials company’s stock valued at $441,000 after purchasing an additional 6,901 shares during the period. Finally, Mason Street Advisors LLC raised its stake in Domtar Corporation by 1.2% during the 1st quarter. Mason Street Advisors LLC now owns 29,568 shares of the basic materials company’s stock valued at $1,080,000 after purchasing an additional 358 shares during the period. 91.25% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on UFS. BidaskClub raised shares of Domtar Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Citigroup Inc. reissued a “sell” rating and set a $40.00 target price (down from $41.00) on shares of Domtar Corporation in a research note on Thursday. ValuEngine raised shares of Domtar Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. KeyCorp began coverage on shares of Domtar Corporation in a research note on Thursday, July 6th. They set an “underweight” rating and a $33.00 target price on the stock. Finally, Vertical Research reissued a “buy” rating on shares of Domtar Corporation in a research note on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $42.25.

In related news, insider Michael Fagan sold 4,154 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $41.40, for a total transaction of $171,975.60. Following the sale, the insider now directly owns 10,649 shares in the company, valued at $440,868.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Dennis Garcia sold 4,712 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $42.73, for a total transaction of $201,343.76. Following the sale, the insider now owns 4,712 shares in the company, valued at $201,343.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,766 shares of company stock worth $569,809. 1.04% of the stock is currently owned by company insiders.

Domtar Corporation (NYSE UFS) traded down 1.42% during trading on Friday, hitting $42.20. 908,301 shares of the stock traded hands. The company has a market capitalization of $2.64 billion, a P/E ratio of 16.09 and a beta of 1.49. Domtar Corporation has a one year low of $33.99 and a one year high of $44.72. The company’s 50 day moving average is $41.62 and its 200 day moving average is $38.75.

Domtar Corporation (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings data on Friday, July 28th. The basic materials company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. Domtar Corporation had a net margin of 3.23% and a return on equity of 6.47%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the business posted $0.61 earnings per share. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. On average, equities analysts forecast that Domtar Corporation will post $2.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be issued a dividend of $0.415 per share. The ex-dividend date is Friday, September 29th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 3.93%. Domtar Corporation’s payout ratio is 63.36%.

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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.

Institutional Ownership by Quarter for Domtar Corporation (NYSE:UFS)

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