BlackRock Inc. boosted its holdings in shares of Domtar Corp (NYSE:UFS) (TSE:UFS) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,773,497 shares of the basic materials company’s stock after buying an additional 158,605 shares during the period. BlackRock Inc. owned approximately 12.37% of Domtar worth $371,108,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd raised its holdings in Domtar by 3,432.7% during the first quarter. Point72 Asia Hong Kong Ltd now owns 3,568 shares of the basic materials company’s stock worth $152,000 after buying an additional 3,467 shares during the last quarter. Bank of Hawaii acquired a new position in Domtar during the second quarter worth $201,000. World Asset Management Inc acquired a new position in Domtar during the second quarter worth $211,000. LPL Financial LLC acquired a new position in Domtar during the first quarter worth $213,000. Finally, Element Capital Management LLC acquired a new position in Domtar during the first quarter worth $224,000. Hedge funds and other institutional investors own 93.32% of the company’s stock.
Several analysts have recently issued reports on UFS shares. Zacks Investment Research lowered shares of Domtar from a “buy” rating to a “hold” rating in a research note on Tuesday, August 21st. KeyCorp upgraded shares of Domtar from an “underweight” rating to a “sector weight” rating in a research note on Wednesday, August 1st. Citigroup upped their target price on shares of Domtar from $41.00 to $44.00 and gave the stock a “sell” rating in a research note on Tuesday, July 10th. National Bank Financial upped their target price on shares of Domtar from $45.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Monday, July 30th. Finally, TheStreet upgraded shares of Domtar from a “c+” rating to a “b-” rating in a research note on Monday, July 30th. Thirteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Domtar presently has an average rating of “Hold” and a consensus price target of $47.21.
NYSE UFS opened at $52.63 on Friday. Domtar Corp has a 1 year low of $40.72 and a 1 year high of $53.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.31 and a quick ratio of 1.31. The firm has a market capitalization of $3.30 billion, a PE ratio of 20.24, a PEG ratio of 2.73 and a beta of 1.65.
Domtar (NYSE:UFS) (TSE:UFS) last posted its earnings results on Wednesday, August 1st. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.12). The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Domtar had a positive return on equity of 7.79% and a negative net margin of 3.25%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. analysts forecast that Domtar Corp will post 3.84 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Tuesday, October 2nd will be given a dividend of $0.435 per share. The ex-dividend date is Monday, October 1st. This represents a $1.74 annualized dividend and a yield of 3.31%. Domtar’s payout ratio is currently 66.92%.
Domtar Corporation designs, manufactures, markets, and distributes various communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Pulp and Paper, and Personal Care. The company offers business papers, including copy and electronic imaging papers for use with inkjet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.
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