Cornerstone Capital Management Holdings LLC. increased its position in shares of Domtar Paper Inc (NYSE:UFS) (TSE:UFS) by 98.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 320,258 shares of the basic materials company’s stock after buying an additional 159,271 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.51% of Domtar Paper worth $15,859,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in Domtar Paper by 1.4% in the 4th quarter. BlackRock Inc. now owns 9,586,518 shares of the basic materials company’s stock valued at $474,726,000 after acquiring an additional 129,636 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Domtar Paper by 0.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,097,537 shares of the basic materials company’s stock valued at $47,622,000 after purchasing an additional 5,336 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Domtar Paper by 24.2% in the 4th quarter. Geode Capital Management LLC now owns 694,636 shares of the basic materials company’s stock valued at $34,398,000 after purchasing an additional 135,354 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of Domtar Paper by 15.3% in the 4th quarter. Allianz Asset Management GmbH now owns 560,826 shares of the basic materials company’s stock valued at $27,855,000 after purchasing an additional 74,562 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in Domtar Paper by 3.1% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 451,395 shares of the basic materials company’s stock worth $19,586,000 after acquiring an additional 13,549 shares during the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.
In other Domtar Paper news, VP Daniel Buron sold 16,853 shares of Domtar Paper stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $45.99, for a total transaction of $775,069.47. Following the sale, the vice president now directly owns 19,101 shares of the company’s stock, valued at approximately $878,454.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Patrick Loulou sold 15,000 shares of Domtar Paper stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $45.61, for a total value of $684,150.00. Following the sale, the senior vice president now directly owns 9,722 shares in the company, valued at $443,420.42. The disclosure for this sale can be found here. Insiders sold 124,180 shares of company stock worth $5,630,151 over the last three months. 1.04% of the stock is owned by insiders.
UFS has been the topic of a number of analyst reports. Vertical Research raised Domtar Paper from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. UFS downgraded Domtar Paper from an “outperform” rating to a “market perform” rating in a research note on Monday, January 29th. ValuEngine raised Domtar Paper from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. National Bank Financial reduced their target price on Domtar Paper from $46.00 to $42.00 and set a “sector perform” rating for the company in a report on Friday, February 9th. Finally, Royal Bank of Canada raised Domtar Paper from a “sector perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a report on Friday, February 9th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Domtar Paper currently has a consensus rating of “Hold” and an average target price of $44.50.
NYSE UFS traded down $0.01 during trading hours on Friday, reaching $42.93. 734,011 shares of the stock traded hands, compared to its average volume of 832,735. Domtar Paper Inc has a 1 year low of $35.72 and a 1 year high of $52.58. The company has a market capitalization of $2,692.22, a price-to-earnings ratio of 16.51, a PEG ratio of 2.87 and a beta of 1.62. The company has a quick ratio of 1.21, a current ratio of 2.24 and a debt-to-equity ratio of 0.45.
Domtar Paper (NYSE:UFS) (TSE:UFS) last announced its quarterly earnings data 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). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. Domtar Paper had a negative net margin of 4.11% and a positive return on equity of 6.02%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $0.75 earnings per share. equities analysts expect that Domtar Paper Inc will post 2.99 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be paid a $0.435 dividend. The ex-dividend date is Thursday, March 29th. This is a boost from Domtar Paper’s previous quarterly dividend of $0.42. This represents a $1.74 annualized dividend and a dividend yield of 4.05%. Domtar Paper’s dividend payout ratio (DPR) is presently 66.92%.
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Domtar Paper Company Profile
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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