ProShare Advisors LLC reduced its position in shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) by 18.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,388 shares of the basic materials company’s stock after selling 1,837 shares during the period. ProShare Advisors LLC’s holdings in Domtar Corporation were worth $322,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in UFS. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Domtar Corporation by 14.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,610 shares of the basic materials company’s stock valued at $100,000 after purchasing an additional 320 shares in the last quarter. LS Investment Advisors LLC raised its position in Domtar Corporation by 20.2% during the second quarter. LS Investment Advisors LLC now owns 5,143 shares of the basic materials company’s stock valued at $198,000 after purchasing an additional 866 shares in the last quarter. Bridgewater Associates LP acquired a new position in Domtar Corporation during the second quarter valued at approximately $200,000. Campbell & CO Investment Adviser LLC acquired a new position in Domtar Corporation during the second quarter valued at approximately $218,000. Finally, WBI Investments Inc. acquired a new position in Domtar Corporation during the second quarter valued at approximately $271,000. Institutional investors and hedge funds own 91.25% of the company’s stock.

Domtar Corporation (NYSE:UFS) opened at 42.71 on Tuesday. The firm has a market capitalization of $2.68 billion, a P/E ratio of 16.29 and a beta of 1.49. The stock’s 50 day moving average is $41.70 and its 200 day moving average is $38.80. Domtar Corporation has a one year low of $33.99 and a one year high of $44.72.

Domtar Corporation (NYSE:UFS) (TSE:UFS) last announced its quarterly earnings results on Friday, July 28th. The basic materials company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.08. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.31 billion. Domtar Corporation had a net margin of 3.23% and a return on equity of 6.47%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. On average, equities research analysts predict that Domtar Corporation will post $2.54 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Friday, September 29th. Domtar Corporation’s dividend payout ratio (DPR) is currently 63.36%.

In other news, VP Daniel Buron sold 4,900 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $40.10, for a total transaction of $196,490.00. Following the sale, the vice president now owns 15,126 shares in the company, valued at approximately $606,552.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael Fagan sold 4,154 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $41.40, for a total transaction of $171,975.60. Following the sale, the insider now owns 10,649 shares in the company, valued at approximately $440,868.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,766 shares of company stock worth $569,809. Corporate insiders own 1.04% of the company’s stock.

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Several research analysts have commented on UFS shares. BidaskClub downgraded shares of Domtar Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. ValuEngine downgraded shares of Domtar Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded shares of Domtar Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Scotiabank lowered their price objective on shares of Domtar Corporation from $40.50 to $40.00 and set a “sector perform” rating for the company in a research report on Monday, July 31st. Finally, Vertical Research restated a “buy” rating on shares of Domtar Corporation in a research report on Friday, July 28th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Domtar Corporation currently has a consensus rating of “Hold” and an average price target of $42.25.

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.

Institutional Ownership by Quarter for Domtar Corporation (NYSE:UFS)

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