Domtar Corp. (UFS) Shares Sold by Wells Fargo & Company MN
Wells Fargo & Company MN lowered its position in Domtar Corp. (NYSE:UFS) (TSE:UFS) by 0.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 326,749 shares of the company’s stock after selling 1,631 shares during the period. Wells Fargo & Company MN’s holdings in Domtar Corp. were worth $12,133,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Boston Advisors LLC raised its stake in shares of Domtar Corp. by 0.6% in the second quarter. Boston Advisors LLC now owns 9,425 shares of the company’s stock worth $330,000 after buying an additional 60 shares during the period. State Treasurer State of Michigan raised its stake in shares of Domtar Corp. by 0.4% in the second quarter. State Treasurer State of Michigan now owns 25,100 shares of the company’s stock worth $879,000 after buying an additional 100 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Domtar Corp. by 1.5% in the second quarter. PNC Financial Services Group Inc. now owns 9,588 shares of the company’s stock worth $336,000 after buying an additional 141 shares during the period. First Citizens Bank & Trust Co. raised its stake in shares of Domtar Corp. by 1.7% in the third quarter. First Citizens Bank & Trust Co. now owns 9,549 shares of the company’s stock worth $355,000 after buying an additional 161 shares during the period. Finally, Parkwood LLC raised its stake in shares of Domtar Corp. by 3.8% in the third quarter. Parkwood LLC now owns 7,509 shares of the company’s stock worth $279,000 after buying an additional 274 shares during the period. 86.53% of the stock is currently owned by institutional investors.
Shares of Domtar Corp. (NYSE:UFS) traded up 0.93% on Wednesday, reaching $39.04. The company’s stock had a trading volume of 106,894 shares. The stock has a market cap of $2.44 billion, a PE ratio of 17.79 and a beta of 1.57. Domtar Corp. has a 1-year low of $29.88 and a 1-year high of $42.95. The company’s 50 day moving average is $36.92 and its 200-day moving average is $37.00.
Domtar Corp. (NYSE:UFS) last announced its quarterly earnings data on Thursday, October 27th. The company reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.17. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. Domtar Corp. had a return on equity of 7.40% and a net margin of 2.69%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company earned $0.86 EPS. On average, equities analysts predict that Domtar Corp. will post $3.10 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd will be given a $0.415 dividend. The ex-dividend date is Thursday, December 29th. This represents a $1.66 annualized dividend and a dividend yield of 4.29%. Domtar Corp.’s dividend payout ratio is currently 75.45%.
A number of brokerages have recently issued reports on UFS. Zacks Investment Research lowered Domtar Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Citigroup Inc. boosted their target price on Domtar Corp. from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 2nd. Goldman Sachs Group Inc. initiated coverage on Domtar Corp. in a research report on Thursday, September 22nd. They set a “neutral” rating and a $40.00 target price on the stock. Moffett Nathanson raised Domtar Corp. from an “underperform” rating to a “neutral” rating in a research report on Monday, October 3rd. Finally, Macquarie dropped their price target on Domtar Corp. from $45.00 to $41.00 and set an “outperform” rating on the stock in a research report on Thursday, September 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $39.71.
About Domtar Corp.
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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