Domtar Corporation (NYSE:UFS) Stake Decreased by Systematic Financial Management LP

Systematic Financial Management LP lessened its position in shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 436,760 shares of the basic materials company’s stock after selling 8,019 shares during the quarter. Systematic Financial Management LP owned approximately 0.70% of Domtar worth $18,951,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Teachers Advisors LLC lifted its stake in shares of Domtar by 8.0% in the first quarter. Teachers Advisors LLC now owns 70,631 shares of the basic materials company’s stock worth $2,579,000 after buying an additional 5,227 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Domtar by 10.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 266,515 shares of the basic materials company’s stock worth $9,734,000 after buying an additional 26,117 shares in the last quarter. Capstone Asset Management Co. lifted its stake in shares of Domtar by 5.6% in the second quarter. Capstone Asset Management Co. now owns 13,946 shares of the basic materials company’s stock worth $536,000 after buying an additional 740 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Domtar by 4.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 22,937 shares of the basic materials company’s stock worth $881,000 after buying an additional 995 shares in the last quarter. Finally, LS Investment Advisors LLC lifted its stake in shares of Domtar by 20.2% in the second quarter. LS Investment Advisors LLC now owns 5,143 shares of the basic materials company’s stock worth $198,000 after buying an additional 866 shares in the last quarter. 91.32% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have commented on the stock. National Bank Financial lifted their target price on shares of Domtar from $42.00 to $46.00 and gave the stock a “sector perform” rating in a research note on Monday, October 30th. Scotiabank set a $41.00 target price on shares of Domtar and gave the stock a “sector perform” rating in a research note on Monday, October 30th. DA Davidson lifted their target price on shares of Domtar to $37.00 and gave the stock an “underperform” rating in a research note on Monday, October 30th. KeyCorp set a $33.00 target price on shares of Domtar and gave the stock a “sell” rating in a research note on Friday, October 27th. Finally, Citigroup reaffirmed a “sell” rating and set a $40.00 target price (down from $41.00) on shares of Domtar in a research note on Thursday, October 5th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Domtar currently has an average rating of “Hold” and a consensus target price of $43.30.

Shares of Domtar Corporation (NYSE UFS) traded up $0.50 during mid-day trading on Thursday, hitting $48.65. 332,528 shares of the company were exchanged, compared to its average volume of 570,664. The company has a quick ratio of 1.20, a current ratio of 2.29 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $3,034.38, a PE ratio of 17.86, a P/E/G ratio of 3.67 and a beta of 1.54. Domtar Corporation has a 52-week low of $35.47 and a 52-week high of $49.26.

Domtar (NYSE:UFS) (TSE:UFS) last announced its quarterly earnings data on Friday, October 27th. The basic materials company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.30. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Domtar had a net margin of 3.44% and a return on equity of 6.17%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.13 earnings per share. equities analysts forecast that Domtar Corporation will post 2.64 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be paid a $0.415 dividend. The ex-dividend date is Friday, December 29th. This represents a $1.66 dividend on an annualized basis and a yield of 3.41%. Domtar’s dividend payout ratio is currently 59.50%.

In related news, insider Michael Fagan sold 4,154 shares of Domtar stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $41.40, for a total value of $171,975.60. Following the completion of the transaction, the insider now owns 10,649 shares in the company, valued at $440,868.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Dennis Garcia sold 4,712 shares of Domtar stock in a transaction that occurred on Tuesday, September 19th. The stock was 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 disclosure for this sale can be found here. 1.04% of the stock is owned by insiders.

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Domtar 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.

Institutional Ownership by Quarter for Domtar (NYSE:UFS)

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