Domtar Corp. (NYSE:UFS) shares were down 2% during trading on Friday . The stock traded as low as $32.74 and last traded at $33.44, with a volume of 438,709 shares. The stock had previously closed at $34.13.

UFS has been the subject of several analyst reports. TheStreet raised Domtar Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, March 31st. Bank of America Corp. reaffirmed an “underperform” rating on shares of Domtar Corp. in a research report on Wednesday, April 6th. National Bank Financial reaffirmed a “sector perform” rating on shares of Domtar Corp. in a research report on Friday, April 15th. UFS cut Domtar Corp. to a “sector perform” rating in a research report on Monday, April 18th. Finally, DA Davidson cut Domtar Corp. from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $42.00 to $30.00 in a research report on Friday. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $38.50.

The stock has a market capitalization of $2.08 billion and a PE ratio of 19.07. The stock’s 50 day moving average price is $36.95 and its 200 day moving average price is $36.39.

Domtar Corp. (NYSE:UFS) last issued its earnings results on Thursday, April 28th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.04. The company earned $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 earnings per share. Equities analysts anticipate that Domtar Corp. will post $2.55 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Tuesday, July 5th will be given a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 4.99%. This is a positive change from Domtar Corp.’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, June 30th.

In other Domtar Corp. news, CEO John David Williams sold 21,977 shares of the firm’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $37.65, for a total value of $827,434.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Fagan sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $36.96, for a total value of $369,600.00. Following the completion of the transaction, the insider now directly owns 7,877 shares in the company, valued at $291,133.92. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its position in Domtar Corp. by 0.3% in the fourth quarter. California Public Employees Retirement System now owns 260,816 shares of the company’s stock valued at $9,637,000 after buying an additional 700 shares during the period. Rhumbline Advisers raised its position in Domtar Corp. by 1.2% in the fourth quarter. Rhumbline Advisers now owns 89,238 shares of the company’s stock valued at $3,297,000 after buying an additional 1,026 shares during the period. Retirement Systems of Alabama raised its position in Domtar Corp. by 1.4% in the fourth quarter. Retirement Systems of Alabama now owns 80,760 shares of the company’s stock valued at $2,984,000 after buying an additional 1,079 shares during the period. Comerica Bank raised its position in Domtar Corp. by 2.4% in the fourth quarter. Comerica Bank now owns 47,484 shares of the company’s stock valued at $1,588,000 after buying an additional 1,135 shares during the period. Finally, California State Teachers Retirement System raised its position in Domtar Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 121,816 shares of the company’s stock valued at $4,501,000 after buying an additional 1,861 shares during the period.

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 operates through two business segments: Pulp and Paper, and Personal Care. Its Pulp and Paper segment is engaged in the designing, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.

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