Aperio Group LLC Has $1.51 Million Stake in Domtar Corporation (UFS)
Aperio Group LLC lowered its stake in Domtar Corporation (NYSE:UFS) (TSE:UFS) by 8.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,375 shares of the basic materials company’s stock after selling 3,699 shares during the period. Aperio Group LLC owned about 0.06% of Domtar Corporation worth $1,513,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. LS Investment Advisors LLC raised its position in Domtar Corporation by 20.2% in the second quarter. LS Investment Advisors LLC now owns 5,143 shares of the basic materials company’s stock valued at $198,000 after buying an additional 866 shares in the last quarter. Mckinley Capital Management LLC Delaware raised its position in Domtar Corporation by 1.9% in the first quarter. Mckinley Capital Management LLC Delaware now owns 5,467 shares of the basic materials company’s stock valued at $200,000 after buying an additional 100 shares in the last quarter. Parkwood LLC bought a new position in Domtar Corporation during the first quarter valued at approximately $220,000. Nine Chapters Capital Management LLC bought a new position in Domtar Corporation during the first quarter valued at approximately $267,000. Finally, First Citizens Bank & Trust Co. raised its position in Domtar Corporation by 21.2% in the first quarter. First Citizens Bank & Trust Co. now owns 7,957 shares of the basic materials company’s stock valued at $291,000 after buying an additional 1,393 shares in the last quarter. Institutional investors and hedge funds own 83.14% of the company’s stock.
Shares of Domtar Corporation (NYSE:UFS) traded up 0.87% during mid-day trading on Friday, reaching $38.10. 510,420 shares of the company traded hands. Domtar Corporation has a 52-week low of $33.99 and a 52-week high of $44.58. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 14.53 and a beta of 1.49. The company’s 50 day moving average is $38.41 and its 200 day moving average is $38.39.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings results on Friday, July 28th. The basic materials company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. Domtar Corporation had a return on equity of 6.47% and a net margin of 3.23%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company earned $0.61 EPS. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. On average, equities analysts forecast that Domtar Corporation will post $2.46 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Friday, September 29th. Domtar Corporation’s payout ratio is 63.36%.
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UFS has been the topic of several analyst reports. ValuEngine upgraded Domtar Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Vertical Research reiterated a “buy” rating on shares of Domtar Corporation in a report on Friday, July 28th. BidaskClub upgraded Domtar Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. TD Securities reiterated a “hold” rating and set a $42.00 price target on shares of Domtar Corporation in a report on Friday, April 28th. Finally, Zacks Investment Research upgraded Domtar Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Three equities 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 stock. The company currently has an average rating of “Hold” and an average target price of $41.20.
About Domtar Corporation
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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