Insider Selling: Domtar Corp. SVP Unloads 2,903 Shares of Stock (UFS)
Domtar Corp. (NYSE:UFS) SVP Richard Thomas sold 2,903 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $76.03, for a total transaction of $220,715.09. Following the transaction, the senior vice president now directly owns 2,468 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on UFS. Analysts at TD Securities raised their price target on shares of Domtar Corp. (NYSE:UFS) from C$80.00 to C$85.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Bank of America Corp. upgraded shares of Domtar Corp. (NYSE:UFS) from an “underperform” rating to a “buy” rating in a research note to investors on Wednesday. Finally, analysts at Zacks downgraded shares of Domtar Corp. (NYSE:UFS) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 5th. They now have a $76.00 price target on the stock.
One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $89.38.
Domtar Corp. (NYSE:UFS) traded up 1.28% during mid-day trading on Friday, hitting $76.07. The stock had a trading volume of 352,552 shares. Domtar Corp. has a 52-week low of $65.01 and a 52-week high of $87.08. The stock has a 50-day moving average of $68.84 and a 200-day moving average of $71.75. The company has a market cap of $2.504 billion and a P/E ratio of 31.09.
Domtar Corp. (NYSE:UFS) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.07. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the company posted $1.61 earnings per share. Domtar Corp.’s revenue was down 4.1% compared to the same quarter last year. Analysts expect that Domtar Corp. will post $4.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Friday, September 13th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Wednesday, September 11th.
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and adult incontinence products.
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