Domtar Corporation (UFS) Stake Maintained by Royce & Associates LP
Royce & Associates LP held its stake in shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) during the first quarter, Holdings Channel reports. The firm owned 113,300 shares of the basic materials company’s stock at the end of the first quarter. Royce & Associates LP’s holdings in Domtar Corporation were worth $4,138,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Domtar Corporation during the fourth quarter valued at $202,000. Mckinley Capital Management LLC Delaware boosted its position in Domtar Corporation by 1.9% in the first quarter. Mckinley Capital Management LLC Delaware now owns 5,467 shares of the basic materials company’s stock valued at $200,000 after buying an additional 100 shares in the last quarter. Parkwood LLC purchased a new position in Domtar Corporation during the first quarter valued at about $220,000. Dodge & Cox purchased a new position in Domtar Corporation during the fourth quarter valued at about $242,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Domtar Corporation during the fourth quarter valued at about $261,000. Institutional investors and hedge funds own 85.69% of the company’s stock.
Domtar Corporation (NYSE:UFS) traded up 0.644% during mid-day trading on Thursday, hitting $36.745. 34,451 shares of the stock traded hands. Domtar Corporation has a 12-month low of $32.74 and a 12-month high of $44.58. The firm has a market cap of $2.30 billion, a PE ratio of 15.976 and a beta of 1.45. The stock has a 50 day moving average price of $37.21 and a 200 day moving average price of $38.80.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last released its quarterly earnings results on Thursday, April 27th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.08. Domtar Corporation had a net margin of 2.82% and a return on equity of 6.50%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. On average, analysts expect that Domtar Corporation will post $2.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Monday, July 3rd will be issued a dividend of $0.415 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.55%. Domtar Corporation’s dividend payout ratio is currently 72.17%.
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UFS has been the subject of several analyst reports. ValuEngine cut shares of Domtar Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. CIBC raised shares of Domtar Corporation from a “sector underperform” rating to a “sector perform” rating in a report on Monday, June 5th. Zacks Investment Research raised shares of Domtar Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 7th. DA Davidson reaffirmed an “underperform” rating and issued a $32.00 target price (down from $35.00) on shares of Domtar Corporation in a report on Wednesday, March 29th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $48.00 target price (up from $47.00) on shares of Domtar Corporation in a report on Wednesday, February 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Domtar Corporation has an average rating of “Hold” and an average target price of $42.17.
In other news, insider Michael Fagan sold 7,507 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $39.60, for a total transaction of $297,277.20. Following the sale, the insider now owns 14,002 shares in the company, valued at $554,479.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Zygmunt Jablonski sold 3,134 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $39.53, for a total transaction of $123,887.02. Following the sale, the senior vice president now owns 19,604 shares in the company, valued at approximately $774,946.12. The disclosure for this sale can be found here. Insiders have sold 26,269 shares of company stock worth $1,027,531 in the last 90 days. 1.04% of the stock is owned by company insiders.
Domtar Corporation Company Profile
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 segments include Pulp and Paper and Personal Care. The Pulp and Paper segment consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.
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