Campbell & CO Investment Adviser LLC acquired a new stake in Domtar Corporation (NYSE:UFS) (TSE:UFS) during the second quarter, according to its most recent filing with the SEC. The firm acquired 5,667 shares of the basic materials company’s stock, valued at approximately $218,000.
Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Domtar Corporation by 2.7% in the first quarter. Bank of America Corp DE now owns 284,619 shares of the basic materials company’s stock valued at $10,395,000 after buying an additional 7,613 shares during the period. Gotham Asset Management LLC purchased a new stake in shares of Domtar Corporation during the first quarter valued at approximately $4,677,000. Piedmont Investment Advisors LLC raised its stake in shares of Domtar Corporation by 121.2% in the first quarter. Piedmont Investment Advisors LLC now owns 31,077 shares of the basic materials company’s stock valued at $1,135,000 after buying an additional 17,028 shares during the last quarter. Alpha Windward LLC raised its stake 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 valued at $440,000 after buying an additional 120 shares during the last quarter. Finally, Rock Point Advisors LLC raised its stake in shares of Domtar Corporation by 17.4% in the first quarter. Rock Point Advisors LLC now owns 244,540 shares of the basic materials company’s stock valued at $8,931,000 after buying an additional 36,323 shares during the last quarter. Hedge funds and other institutional investors own 83.14% of the company’s stock.
Shares of Domtar Corporation (UFS) traded up 0.87% during mid-day trading on Friday, reaching $38.10. 510,420 shares of the company were exchanged. The stock has a market capitalization of $2.39 billion, a P/E ratio of 14.53 and a beta of 1.49. The firm has a 50-day moving average price of $38.41 and a 200 day moving average price of $38.39. Domtar Corporation has a 12 month low of $33.99 and a 12 month high of $44.58.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings data on Friday, July 28th. The basic materials company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.08. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Domtar Corporation had a net margin of 3.23% and a return on equity of 6.47%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. Equities research analysts anticipate that Domtar Corporation will post $2.46 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be issued a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Friday, September 29th. Domtar Corporation’s dividend payout ratio (DPR) is presently 63.36%.
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Several equities research analysts have commented on UFS shares. ValuEngine upgraded shares of Domtar Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Vertical Research reiterated a “buy” rating on shares of Domtar Corporation in a report on Friday, July 28th. BidaskClub upgraded shares of Domtar Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Domtar Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, TD Securities reiterated a “hold” rating and issued a $42.00 price objective on shares of Domtar Corporation in a report on Friday, April 28th. Three research 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 stock has an average rating of “Hold” and an average target price of $41.20.
Domtar Corporation Company 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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