Domtar Corp. (UFS) Shares Down 3.2%
Shares of Domtar Corp. (NYSE:UFS) traded down 3.2% during mid-day trading on Friday . The company traded as low as $37.85 and last traded at $37.87, with a volume of 220,524 shares changing hands. The stock had previously closed at $39.13.
A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Domtar Corp. from a “buy” rating to a “hold” rating in a report on Wednesday. Citigroup Inc. boosted their target price on shares of Domtar Corp. from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, August 2nd. TheStreet upgraded shares of Domtar Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, July 27th. DA Davidson boosted their target price on shares of Domtar Corp. from $30.00 to $32.00 and gave the stock an “underperform” rating in a report on Thursday, July 28th. Finally, UFS restated a “sell” rating on shares of Domtar Corp. in a report on Wednesday, May 18th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $39.67.
The company has a market cap of $2.36 billion and a PE ratio of 26.35. The company’s 50-day moving average is $36.29 and its 200-day moving average is $36.72.
Domtar Corp. (NYSE:UFS) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.48. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.26 billion. Domtar Corp.’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 earnings per share. Analysts predict that Domtar Corp. will post $2.98 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date is Thursday, September 29th.
In related news, CEO John David Williams sold 21,977 shares of the stock in a transaction on Monday, May 16th. The stock was sold at an average price of $37.65, for a total value of $827,434.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several institutional investors have recently modified their holdings of UFS. Comerica Bank boosted its position in shares of Domtar Corp. by 2.4% in the fourth quarter. Comerica Bank now owns 47,484 shares of the company’s stock worth $1,588,000 after buying an additional 1,135 shares in the last quarter. Matarin Capital Management LLC bought a new position in shares of Domtar Corp. during the fourth quarter valued at $5,023,000. Systematic Financial Management LP boosted its position in shares of Domtar Corp. by 2.2% in the fourth quarter. Systematic Financial Management LP now owns 383,861 shares of the company’s stock valued at $14,183,000 after buying an additional 8,414 shares during the period. Morgan Stanley boosted its position in shares of Domtar Corp. by 9.3% in the fourth quarter. Morgan Stanley now owns 616,997 shares of the company’s stock valued at $22,798,000 after buying an additional 52,243 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Domtar Corp. by 16.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,880,431 shares of the company’s stock valued at $143,383,000 after buying an additional 551,990 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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