OppenheimerFunds Inc. lowered its position in Domtar Corp (NYSE:UFS) (TSE:UFS) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 30,287 shares of the basic materials company’s stock after selling 1,387 shares during the period. OppenheimerFunds Inc.’s holdings in Domtar were worth $1,500,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. lifted its position in shares of Domtar by 138.5% in the 4th quarter. Meeder Asset Management Inc. now owns 2,459 shares of the basic materials company’s stock worth $121,000 after acquiring an additional 1,428 shares during the period. Cubist Systematic Strategies LLC lifted its position in shares of Domtar by 176.1% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 2,905 shares of the basic materials company’s stock worth $126,000 after acquiring an additional 1,853 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Domtar by 41.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,680 shares of the basic materials company’s stock worth $182,000 after acquiring an additional 1,070 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Domtar by 1,493.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,187 shares of the basic materials company’s stock worth $199,000 after acquiring an additional 2,987 shares during the period. Finally, Shelton Capital Management bought a new stake in shares of Domtar in the 3rd quarter worth approximately $206,000. Institutional investors own 94.59% of the company’s stock.

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In related news, CEO John David Williams sold 68,556 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $45.28, for a total transaction of $3,104,215.68. Following the completion of the sale, the chief executive officer now directly owns 55,242 shares of the company’s stock, valued at approximately $2,501,357.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Fagan sold 23,674 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $44.87, for a total value of $1,062,252.38. Following the sale, the insider now directly owns 19,477 shares of the company’s stock, valued at $873,932.99. The disclosure for this sale can be found here. Company insiders own 1.04% of the company’s stock.

A number of analysts have commented on UFS shares. Zacks Investment Research upgraded Domtar from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Wednesday, December 27th. Raymond James Financial downgraded Domtar from an “outperform” rating to a “market perform” rating in a research report on Monday, January 29th. TheStreet downgraded Domtar from an “a-” rating to a “c+” rating in a research report on Friday, February 9th. Vertical Group upgraded Domtar from a “hold” rating to a “buy” rating in a research report on Friday, February 9th. Finally, Royal Bank of Canada downgraded Domtar from an “outperform” rating to a “sector perform” rating and set a $50.00 price objective for the company. in a research report on Friday, January 12th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $44.33.

Domtar Corp (UFS) opened at $45.77 on Wednesday. Domtar Corp has a twelve month low of $35.47 and a twelve month high of $52.58. The company has a quick ratio of 1.21, a current ratio of 2.24 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $2,870.00, a P/E ratio of -7.25, a PEG ratio of 3.10 and a beta of 1.63.

Domtar (NYSE:UFS) (TSE:UFS) last issued its earnings results on Thursday, February 8th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.05). Domtar had a positive return on equity of 6.02% and a negative net margin of 4.11%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. research analysts predict that Domtar Corp will post 3 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 3.80%. This is a boost from Domtar’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, March 29th. Domtar’s dividend payout ratio (DPR) is currently -26.31%.

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About Domtar

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 (NYSE:UFS)

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