Domtar Corporation (UFS) Holdings Maintained by Schroder Investment Management Group
Schroder Investment Management Group continued to hold its position in shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,761 shares of the basic materials company’s stock at the end of the 2nd quarter. Schroder Investment Management Group owned about 0.07% of Domtar Corporation worth $1,705,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Domtar Corporation by 14.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,610 shares of the basic materials company’s stock valued at $100,000 after acquiring an additional 320 shares in the last quarter. LS Investment Advisors LLC raised its holdings in shares of Domtar Corporation by 20.2% in the second quarter. LS Investment Advisors LLC now owns 5,143 shares of the basic materials company’s stock valued at $198,000 after acquiring an additional 866 shares in the last quarter. Mckinley Capital Management LLC Delaware raised its holdings 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 valued at $200,000 after acquiring an additional 100 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Domtar Corporation in the second quarter valued at about $218,000. Finally, ING Groep NV bought a new stake in shares of Domtar Corporation in the second quarter valued at about $293,000. Hedge funds and other institutional investors own 91.25% of the company’s stock.
In other news, insider Michael Fagan sold 4,154 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $41.40, for a total transaction of $171,975.60. Following the sale, the insider now owns 10,649 shares of the company’s stock, valued at approximately $440,868.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Daniel Buron sold 4,900 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $40.10, for a total value of $196,490.00. Following the sale, the vice president now directly owns 15,126 shares in the company, valued at approximately $606,552.60. The disclosure for this sale can be found here. Insiders have sold a total of 13,766 shares of company stock worth $569,809 in the last three months. Corporate insiders own 1.04% of the company’s stock.
UFS has been the subject of several recent research reports. ValuEngine downgraded Domtar Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. CIBC upgraded Domtar Corporation from a “sector underperform” rating to a “sector perform” rating in a research note on Monday, June 5th. Zacks Investment Research lowered Domtar Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 6th. BidaskClub upgraded Domtar Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, KeyCorp started coverage on Domtar Corporation in a research note on Thursday, July 6th. They issued an “underweight” rating and a $33.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $41.38.
Domtar Corporation (UFS) opened at 43.03 on Friday. Domtar Corporation has a 1-year low of $33.99 and a 1-year high of $44.58. The firm has a 50-day moving average price of $39.85 and a 200 day moving average price of $38.26. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 16.41 and a beta of 1.49.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last issued its earnings results on Friday, July 28th. The basic materials company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.08. Domtar Corporation had a return on equity of 6.47% and a net margin of 3.23%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company earned $0.61 EPS. The business’s quarterly revenue was down 3.4% on a year-over-year basis. On average, equities research analysts anticipate that Domtar Corporation will post $2.47 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Friday, September 29th. Domtar Corporation’s dividend payout ratio (DPR) is presently 63.36%.
Domtar Corporation 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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