Domtar Corp. (UFS) Stock Price Down 2%
Domtar Corp. (NYSE:UFS)’s share price traded down 2% during mid-day trading on Friday . The company 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.
A number of equities analysts have issued reports on the company. DA Davidson downgraded Domtar Corp. from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $42.00 to $30.00 in a research report on Friday. Bank of America Corp. reiterated an “underperform” rating on shares of Domtar Corp. in a research report on Wednesday, April 6th. UFS reiterated a “sell” rating on shares of Domtar Corp. in a research report on Wednesday, May 18th. National Bank Financial reiterated a “sector perform” rating on shares of Domtar Corp. in a research report on Friday, April 15th. Finally, TheStreet upgraded Domtar Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, March 31st. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $38.50.
The stock has a market cap of $2.08 billion and a price-to-earnings ratio of 19.07. The firm’s 50-day moving average is $36.84 and its 200-day moving average is $36.36.
Domtar Corp. (NYSE:UFS) last posted its earnings results on Thursday, April 28th. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.04. During the same quarter in the prior year, the business earned $0.75 EPS. The firm earned $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. The business’s quarterly revenue was down 2.1% on a year-over-year basis. Analysts expect that Domtar Corp. will post $2.55 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors 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%. The ex-dividend date is Thursday, June 30th. This is a boost from Domtar Corp.’s previous quarterly dividend of $0.40.
In related news, insider Michael Fagan sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $36.96, for a total value of $369,600.00. Following the transaction, the insider now owns 7,877 shares in the company, valued at approximately $291,133.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John David Williams sold 21,977 shares of the business’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $37.65, for a total value of $827,434.05. The disclosure for this sale can be found here.
A number of institutional investors recently modified their holdings of the stock. 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. 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. 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. California Public Employees Retirement System boosted its position in shares of 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. Finally, Principal Financial Group Inc. boosted its position in shares of Domtar Corp. by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 202,799 shares of the company’s stock valued at $7,493,000 after buying an additional 5,754 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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