Domtar Corporation (UFS) Position Increased by Arizona State Retirement System
Arizona State Retirement System boosted its stake in shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,400 shares of the basic materials company’s stock after buying an additional 400 shares during the period. Arizona State Retirement System’s holdings in Domtar Corporation were worth $1,014,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. LS Investment Advisors LLC boosted its position in Domtar Corporation by 20.2% in the second quarter. LS Investment Advisors LLC now owns 5,143 shares of the basic materials company’s stock valued at $198,000 after buying an additional 866 shares in the last quarter. Mckinley Capital Management LLC Delaware boosted its position in Domtar Corporation by 1.9% in the first quarter. Mckinley Capital Management LLC Delaware now owns 5,467 shares of the basic materials company’s stock valued at $200,000 after buying an additional 100 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Domtar Corporation during the second quarter valued at $218,000. Parkwood LLC bought a new position in Domtar Corporation during the first quarter valued at $220,000. Finally, Nine Chapters Capital Management LLC bought a new position in Domtar Corporation during the first quarter valued at $267,000. Institutional investors and hedge funds own 91.20% of the company’s stock.
Domtar Corporation (NYSE:UFS) opened at 40.06 on Thursday. Domtar Corporation has a one year low of $33.99 and a one year high of $44.58. The stock’s 50 day moving average is $38.78 and its 200 day moving average is $38.15. The company has a market capitalization of $2.51 billion, a PE ratio of 15.28 and a beta of 1.49.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings results on Friday, July 28th. The basic materials company reported $0.61 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.31 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts anticipate that Domtar Corporation will post $2.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 4.14%. The ex-dividend date is Friday, September 29th. Domtar Corporation’s dividend payout ratio is currently 63.36%.
Several research firms have weighed in on UFS. BidaskClub cut shares of Domtar Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Scotiabank lowered their price target on shares of Domtar Corporation from $40.50 to $40.00 and set a “sector perform” rating on the stock in a report on Monday, July 31st. ValuEngine cut shares of Domtar Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research cut shares of Domtar Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Vertical Research reissued a “buy” rating on shares of Domtar Corporation in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $41.20.
In other Domtar Corporation news, VP Daniel Buron sold 4,900 shares of Domtar Corporation stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $40.10, for a total transaction of $196,490.00. Following the transaction, the vice president now owns 15,126 shares of the company’s stock, valued at $606,552.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.04% of the stock is owned by insiders.
Domtar Corporation Company Profile
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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