Wells Fargo & Company MN raised its holdings in Domtar Corp (NYSE:UFS) (TSE:UFS) by 86.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 157,270 shares of the basic materials company’s stock after purchasing an additional 72,823 shares during the quarter. Wells Fargo & Company MN’s holdings in Domtar were worth $7,004,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of UFS. Advisory Services Network LLC acquired a new position in Domtar in the second quarter valued at $50,000. AGF Investments LLC boosted its holdings in shares of Domtar by 75.1% in the second quarter. AGF Investments LLC now owns 1,250 shares of the basic materials company’s stock valued at $56,000 after acquiring an additional 536 shares in the last quarter. AE Wealth Management LLC purchased a new stake in shares of Domtar in the second quarter valued at about $244,000. Janney Montgomery Scott LLC purchased a new stake in shares of Domtar in the second quarter valued at about $245,000. Finally, Cutter & CO Brokerage Inc. purchased a new stake in shares of Domtar in the second quarter valued at about $314,000. Institutional investors own 95.16% of the company’s stock.
UFS traded up $0.47 during midday trading on Friday, reaching $36.09. 775,262 shares of the company’s stock were exchanged, compared to its average volume of 651,102. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.20 and a quick ratio of 1.09. The stock has a market capitalization of $2.23 billion, a PE ratio of 7.83 and a beta of 1.97. The business’s 50-day moving average price is $35.32 and its 200 day moving average price is $43.46. Domtar Corp has a 1-year low of $31.72 and a 1-year high of $54.50.
Domtar (NYSE:UFS) (TSE:UFS) last announced its earnings results on Thursday, August 1st. The basic materials company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.30). The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.36 billion. Domtar had a return on equity of 12.48% and a net margin of 5.21%. The business’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS. As a group, analysts expect that Domtar Corp will post 3.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend is Tuesday, October 1st. Domtar’s payout ratio is currently 39.48%.
UFS has been the topic of several analyst reports. BMO Capital Markets downgraded shares of Domtar from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $52.00 to $39.00 in a report on Wednesday, July 3rd. ValuEngine downgraded shares of Domtar from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Scotiabank set a $45.00 price objective on shares of Domtar and gave the stock a “hold” rating in a report on Friday, August 30th. TD Securities decreased their price objective on shares of Domtar from $48.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, August 2nd. Finally, TheStreet downgraded shares of Domtar from a “b” rating to a “c+” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Domtar presently has an average rating of “Hold” and a consensus target price of $49.62.
Domtar Corporation designs, manufactures, markets, and distributes various communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Pulp and Paper, and Personal Care. The company offers business papers, including copy and electronic imaging papers for use with inkjet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.
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