GAM Holding AG decreased its holdings in shares of Domtar Corp (NYSE:UFS) (TSE:UFS) by 21.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,492 shares of the basic materials company’s stock after selling 5,461 shares during the quarter. GAM Holding AG’s holdings in Domtar were worth $1,069,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Domtar by 2.1% during the second quarter. BlackRock Inc. now owns 7,773,497 shares of the basic materials company’s stock worth $371,108,000 after purchasing an additional 158,605 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Domtar by 0.5% during the third quarter. LSV Asset Management now owns 2,954,096 shares of the basic materials company’s stock worth $154,115,000 after purchasing an additional 15,502 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Domtar by 28.0% during the third quarter. Acadian Asset Management LLC now owns 1,511,248 shares of the basic materials company’s stock worth $78,841,000 after purchasing an additional 330,144 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Domtar by 5.3% during the third quarter. Bank of New York Mellon Corp now owns 1,342,391 shares of the basic materials company’s stock worth $70,032,000 after purchasing an additional 68,112 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Domtar by 12.9% during the third quarter. JPMorgan Chase & Co. now owns 696,237 shares of the basic materials company’s stock worth $36,322,000 after purchasing an additional 79,533 shares during the last quarter. Institutional investors and hedge funds own 89.89% of the company’s stock.
Shares of UFS opened at $40.84 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.34 and a current ratio of 2.37. The firm has a market capitalization of $2.68 billion, a P/E ratio of 15.71, a PEG ratio of 1.90 and a beta of 1.55. Domtar Corp has a twelve month low of $40.70 and a twelve month high of $54.50.
Domtar (NYSE:UFS) (TSE:UFS) last issued its earnings results on Thursday, November 1st. The basic materials company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.32. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.42 billion. Domtar had a positive return on equity of 9.13% and a negative net margin of 2.67%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company posted $1.03 EPS. Equities research analysts expect that Domtar Corp will post 4.5 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be given a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Monday, December 31st. Domtar’s dividend payout ratio (DPR) is currently 66.92%.
UFS has been the topic of several analyst reports. BMO Capital Markets raised their price objective on Domtar from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Monday, August 13th. Zacks Investment Research cut Domtar from a “buy” rating to a “hold” rating in a report on Tuesday, August 21st. Citigroup upgraded Domtar from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $47.00 to $53.00 in a report on Friday, September 7th. Vertical Research cut Domtar to a “hold” rating and set a $54.00 price objective on the stock. in a report on Thursday, September 13th. Finally, Vertical Group cut Domtar from a “buy” rating to a “hold” rating and set a $54.00 price objective on the stock. in a report on Thursday, September 13th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $49.38.
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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