Domtar Corporation (NYSE:UFS) (TSE:UFS) insider Michael Dennis Garcia sold 4,712 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $42.73, for a total transaction of $201,343.76. Following the completion of the transaction, the insider now owns 4,712 shares of the company’s stock, valued at approximately $201,343.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Domtar Corporation (NYSE UFS) traded up 0.35% during midday trading on Wednesday, hitting $42.92. 266,061 shares of the company’s stock traded hands. The company has a 50 day moving average of $39.85 and a 200-day moving average of $38.26. Domtar Corporation has a 52 week low of $33.99 and a 52 week high of $44.58. The company has a market capitalization of $2.69 billion, a PE ratio of 16.37 and a beta of 1.49.

Domtar Corporation (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings results on Friday, July 28th. The basic materials company reported $0.61 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the business earned $0.61 earnings per share. Domtar Corporation’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities research analysts predict that Domtar Corporation will post $2.47 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be issued a dividend of $0.415 per share. The ex-dividend date is Friday, September 29th. This represents a $1.66 annualized dividend and a yield of 3.87%. Domtar Corporation’s payout ratio is presently 63.36%.

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Several equities analysts have weighed in on the stock. ValuEngine upgraded shares of Domtar Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 8th. BidaskClub upgraded shares of Domtar Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Scotiabank dropped their target price on shares of Domtar Corporation from $40.50 to $40.00 and set a “sector perform” rating for the company in a report on Monday, July 31st. Zacks Investment Research downgraded shares of Domtar Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Vertical Research restated a “buy” rating on shares of Domtar Corporation in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $41.22.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its holdings in Domtar Corporation by 1.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 25,816 shares of the basic materials company’s stock worth $992,000 after buying an additional 435 shares during the period. Sterling Capital Management LLC acquired a new stake in Domtar Corporation during the 2nd quarter worth about $764,000. Raymond James Financial Services Advisors Inc. raised its holdings in Domtar Corporation by 17.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 14,167 shares of the basic materials company’s stock worth $544,000 after buying an additional 2,088 shares during the period. Fairpointe Capital LLC raised its holdings in Domtar Corporation by 5.6% during the 2nd quarter. Fairpointe Capital LLC now owns 3,870,164 shares of the basic materials company’s stock worth $148,692,000 after buying an additional 205,810 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in Domtar Corporation by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 89,943 shares of the basic materials company’s stock worth $3,451,000 after buying an additional 1,294 shares during the period. Hedge funds and other institutional investors own 91.25% of the company’s stock.

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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