Bank of Montreal Can boosted its stake in shares of Domtar Corp (NYSE:UFS) (TSE:UFS) by 16.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,232 shares of the basic materials company’s stock after acquiring an additional 8,051 shares during the quarter. Bank of Montreal Can owned 0.09% of Domtar worth $3,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the stock. Bank of Hawaii purchased a new stake in Domtar in the 2nd quarter worth approximately $201,000. World Asset Management Inc purchased a new stake in Domtar in the 2nd quarter worth approximately $211,000. Capital Fund Management S.A. purchased a new stake in Domtar in the 2nd quarter worth approximately $235,000. LPL Financial LLC purchased a new stake in Domtar in the 1st quarter worth approximately $213,000. Finally, Oakbrook Investments LLC purchased a new stake in Domtar in the 2nd quarter worth approximately $253,000. Institutional investors own 90.64% of the company’s stock.
Several research firms have weighed in on UFS. ValuEngine cut Domtar from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Citigroup dropped their price objective on Domtar from $53.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, October 11th. TheStreet upgraded Domtar from a “c+” rating to a “b-” rating in a report on Monday, July 30th. Royal Bank of Canada increased their price objective on Domtar from $54.00 to $56.00 and gave the stock an “outperform” rating in a report on Friday. Finally, National Bank Financial increased their price objective on Domtar from $45.00 to $48.00 and gave the stock a “sector perform” rating in a report on Monday, July 30th. Twelve equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Domtar presently has a consensus rating of “Hold” and an average target price of $49.38.
Shares of NYSE:UFS opened at $48.72 on Tuesday. Domtar Corp has a 52-week low of $40.72 and a 52-week high of $54.50. The company has a market capitalization of $3.02 billion, a PE ratio of 18.74, a PEG ratio of 2.51 and a beta of 1.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.37 and a quick ratio of 1.34.
Domtar (NYSE:UFS) (TSE:UFS) last announced its earnings results on Thursday, November 1st. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.32. Domtar had a positive return on equity of 9.13% and a negative net margin of 2.67%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. Equities research analysts forecast that Domtar Corp will post 3.82 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Tuesday, October 2nd were given a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Monday, October 1st. Domtar’s dividend payout ratio is currently 66.92%.
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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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