QV Investors Inc. reduced its holdings in shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) by 17.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,628,347 shares of the basic materials company’s stock after selling 770,949 shares during the quarter. Domtar Corporation makes up about 16.5% of QV Investors Inc.’s portfolio, making the stock its biggest holding. QV Investors Inc. owned 5.79% of Domtar Corporation worth $196,402,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of UFS. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Domtar Corporation by 14.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,610 shares of the basic materials company’s stock valued at $100,000 after purchasing an additional 320 shares during the period. LS Investment Advisors LLC boosted its stake in Domtar Corporation by 20.2% in the 2nd quarter. LS Investment Advisors LLC now owns 5,143 shares of the basic materials company’s stock valued at $198,000 after purchasing an additional 866 shares during the period. Bridgewater Associates LP bought a new stake in Domtar Corporation in the 2nd quarter valued at $200,000. Campbell & CO Investment Adviser LLC bought a new stake in Domtar Corporation in the 2nd quarter valued at $218,000. Finally, WBI Investments Inc. bought a new stake in Domtar Corporation in the 2nd quarter valued at $271,000. Institutional investors own 91.07% of the company’s stock.

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Domtar Corporation (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings results on Friday, October 27th. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.30. Domtar Corporation had a return on equity of 6.17% and a net margin of 3.44%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the company posted $1.13 earnings per share. The company’s revenue was up 1.7% compared to the same quarter last year.

In other news, insider Michael Fagan sold 4,154 shares of Domtar Corporation stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $41.40, for a total value of $171,975.60. Following the transaction, the insider now owns 10,649 shares in the company, valued at $440,868.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Daniel Buron sold 4,900 shares of Domtar Corporation stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $40.10, for a total value of $196,490.00. Following the completion of the transaction, the vice president now owns 15,126 shares in the company, valued at approximately $606,552.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,766 shares of company stock valued at $569,809. Corporate insiders own 1.04% of the company’s stock.

Several analysts recently issued reports on UFS shares. BidaskClub downgraded Domtar Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. ValuEngine downgraded Domtar Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research downgraded Domtar Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. KeyCorp set a $33.00 price target on Domtar Corporation and gave the company a “sell” rating in a research note on Thursday, October 12th. Finally, Scotiabank set a $41.00 price target on Domtar Corporation and gave the company a “sector perform” rating in a research note on Monday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.30.

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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