OppenheimerFunds Inc. trimmed its holdings in shares of Domtar Corp (NYSE:UFS) (TSE:UFS) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,287 shares of the basic materials company’s stock after selling 1,387 shares during the period. OppenheimerFunds Inc.’s holdings in Domtar were worth $1,500,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the stock. American International Group Inc. raised its position in Domtar by 1.3% during the fourth quarter. American International Group Inc. now owns 129,709 shares of the basic materials company’s stock valued at $6,423,000 after buying an additional 1,665 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Domtar by 293.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 110,300 shares of the basic materials company’s stock worth $5,462,000 after purchasing an additional 82,300 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Domtar by 1,493.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,187 shares of the basic materials company’s stock worth $199,000 after purchasing an additional 2,987 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Domtar by 62.8% in the 4th quarter. UBS Asset Management Americas Inc. now owns 123,200 shares of the basic materials company’s stock worth $6,101,000 after purchasing an additional 47,510 shares during the last quarter. Finally, BlackRock Inc. increased its position in Domtar by 1.4% in the 4th quarter. BlackRock Inc. now owns 9,586,518 shares of the basic materials company’s stock worth $474,726,000 after purchasing an additional 129,636 shares during the last quarter. 94.59% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Michael Fagan sold 23,674 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $44.87, for a total transaction of $1,062,252.38. Following the completion of the sale, the insider now owns 19,477 shares in the company, valued at approximately $873,932.99. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John David Williams sold 68,556 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $45.28, for a total value of $3,104,215.68. Following the sale, the chief executive officer now owns 55,242 shares of the company’s stock, valued at approximately $2,501,357.76. The disclosure for this sale can be found here. Corporate insiders own 1.04% of the company’s stock.
Shares of Domtar Corp (NYSE:UFS) opened at $45.77 on Wednesday. The stock has a market capitalization of $2,870.00, a PE ratio of -7.25, a PEG ratio of 3.10 and a beta of 1.63. Domtar Corp has a 52 week low of $35.47 and a 52 week high of $52.58. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.21 and a current ratio of 2.24.
Domtar (NYSE:UFS) (TSE:UFS) last released its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.05). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. Domtar had a positive return on equity of 6.02% and a negative net margin of 4.11%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 EPS. research analysts expect that Domtar Corp will post 3 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, March 29th. This is an increase from Domtar’s previous quarterly dividend of $0.42. Domtar’s dividend payout ratio is -26.31%.
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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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