Teachers Advisors LLC raised its position in Domtar Corporation (NYSE:UFS) (TSE:UFS) by 8.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 70,631 shares of the basic materials company’s stock after buying an additional 5,227 shares during the period. Teachers Advisors LLC’s holdings in Domtar Corporation were worth $2,579,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Mckinley Capital Management LLC Delaware boosted its stake in shares of 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 worth $200,000 after buying an additional 100 shares during the period. Parkwood LLC purchased a new position in shares of Domtar Corporation during the first quarter valued at about $220,000. Nine Chapters Capital Management LLC purchased a new position in shares of Domtar Corporation during the first quarter valued at about $267,000. First Citizens Bank & Trust Co. increased its position in shares of Domtar Corporation by 21.2% in the first quarter. First Citizens Bank & Trust Co. now owns 7,957 shares of the basic materials company’s stock valued at $291,000 after buying an additional 1,393 shares in the last quarter. Finally, Advantus Capital Management Inc increased its position in shares of Domtar Corporation by 3.0% in the first quarter. Advantus Capital Management Inc now owns 8,013 shares of the basic materials company’s stock valued at $293,000 after buying an additional 235 shares in the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.

Domtar Corporation (UFS) traded up 0.94% during trading on Wednesday, hitting $39.62. 39,738 shares of the company traded hands. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 15.11 and a beta of 1.49. The company’s 50-day moving average is $38.50 and its 200 day moving average is $38.28. Domtar Corporation has a 52-week low of $33.99 and a 52-week high of $44.58.

Domtar Corporation (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings data on Friday, July 28th. The basic materials company reported $0.61 earnings per share for the quarter, beating 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 firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the firm posted $0.61 EPS. Domtar Corporation’s quarterly revenue was down 3.4% on a year-over-year basis. On average, equities analysts anticipate that Domtar Corporation will post $2.46 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Friday, September 29th. Domtar Corporation’s dividend payout ratio (DPR) is presently 63.36%.

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A number of research analysts recently weighed in on UFS shares. Zacks Investment Research downgraded shares of Domtar Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Scotiabank decreased 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 research report on Monday, July 31st. Vertical Research reissued a “buy” rating on shares of Domtar Corporation in a research note on Friday, July 28th. ValuEngine cut shares of Domtar Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, BidaskClub cut shares of Domtar Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Domtar Corporation currently has an average rating of “Hold” and a consensus target price of $41.20.

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.

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

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