LS Investment Advisors LLC boosted its stake in shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) by 20.2% during the second quarter, Holdings Channel reports. The fund owned 5,143 shares of the basic materials company’s stock after buying an additional 866 shares during the period. LS Investment Advisors LLC’s holdings in Domtar Corporation were worth $198,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Mckinley Capital Management LLC Delaware increased its position in shares of 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 worth $200,000 after buying an additional 100 shares in the last quarter. Alpha Windward LLC increased its position in shares of Domtar Corporation by 1.0% in the first quarter. Alpha Windward LLC now owns 12,060 shares of the basic materials company’s stock worth $440,000 after buying an additional 120 shares in the last quarter. Liberty Mutual Group Asset Management Inc. increased its position in shares of Domtar Corporation by 0.6% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 28,594 shares of the basic materials company’s stock worth $1,044,000 after buying an additional 172 shares in the last quarter. State Treasurer State of Michigan increased its position in shares of Domtar Corporation by 0.8% in the first quarter. State Treasurer State of Michigan now owns 25,400 shares of the basic materials company’s stock worth $928,000 after buying an additional 200 shares in the last quarter. Finally, Advantus Capital Management Inc increased its position in shares of Domtar Corporation by 3.0% in the first quarter. Advantus Capital Management Inc now owns 8,013 shares of the basic materials company’s stock worth $293,000 after buying an additional 235 shares in the last quarter. Institutional investors own 83.14% of the company’s stock.

Domtar Corporation (NYSE:UFS) traded up 0.18% during mid-day trading on Tuesday, hitting $38.75. 68,809 shares of the stock were exchanged. The company has a 50 day moving average price of $38.13 and a 200 day moving average price of $38.45. Domtar Corporation has a 52-week low of $33.99 and a 52-week high of $44.58. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 14.78 and a beta of 1.49.

Domtar Corporation (NYSE:UFS) (TSE:UFS) last released its quarterly earnings results on Friday, July 28th. The basic materials company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.53 by $0.08. Domtar Corporation had a net margin of 3.23% and a return on equity of 6.47%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. Domtar Corporation’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts anticipate that Domtar Corporation will post $2.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be given a $0.415 dividend. The ex-dividend date is Friday, September 29th. This represents a $1.66 annualized dividend and a yield of 4.29%. Domtar Corporation’s dividend payout ratio (DPR) is 63.36%.

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A number of equities analysts have commented on UFS shares. Citigroup Inc. restated a “neutral” rating and issued a $39.00 target price (down from $41.00) on shares of Domtar Corporation in a research note on Friday, April 14th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $52.00 price target on shares of Domtar Corporation in a research report on Friday, April 28th. TD Securities reaffirmed a “hold” rating and issued a $42.00 price target on shares of Domtar Corporation in a research report on Friday, April 28th. Scotiabank upped their price target on shares of Domtar Corporation from $38.50 to $40.50 and gave the stock a “sector perform” rating in a research report on Friday, April 28th. Finally, ValuEngine cut shares of Domtar Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $41.20.

About Domtar Corporation

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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Institutional Ownership by Quarter for Domtar Corporation (NYSE:UFS)

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