Domtar Corp (NYSE:UFS) Shares Acquired by Natixis
Natixis increased its holdings in Domtar Corp (NYSE:UFS) (TSE:UFS) by 13.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 101,617 shares of the basic materials company’s stock after buying an additional 12,054 shares during the period. Natixis owned about 0.16% of Domtar worth $4,525,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. TD Capital Management LLC acquired a new position in Domtar during the 2nd quarter valued at about $39,000. Advisory Services Network LLC acquired a new position in Domtar during the 2nd quarter valued at about $50,000. AGF Investments LLC boosted its stake in Domtar by 75.1% during the 2nd quarter. AGF Investments LLC now owns 1,250 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 536 shares during the period. Alambic Investment Management L.P. acquired a new position in Domtar during the 2nd quarter valued at about $214,000. Finally, AE Wealth Management LLC acquired a new position in Domtar during the 2nd quarter valued at about $244,000. 95.16% of the stock is owned by institutional investors and hedge funds.
UFS has been the subject of a number of analyst reports. Vertical Research lowered shares of Domtar from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. BMO Capital Markets downgraded shares of Domtar from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $52.00 to $39.00 in a research report on Wednesday, July 3rd. Raymond James dropped their price target on shares of Domtar from $48.00 to $45.00 and set a “market perform” rating on the stock in a research report on Friday, August 2nd. Stephens set a $53.00 price target on shares of Domtar and gave the stock a “buy” rating in a research report on Friday, June 28th. Finally, Scotiabank set a $45.00 price target on shares of Domtar and gave the stock a “hold” rating in a research report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $49.93.
Domtar (NYSE:UFS) (TSE:UFS) last released its earnings results on Thursday, August 1st. The basic materials company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.30). Domtar had a return on equity of 12.48% and a net margin of 5.21%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. Research analysts anticipate that Domtar Corp will post 3.65 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be issued a $0.455 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.82 dividend on an annualized basis and a dividend yield of 5.02%. Domtar’s payout ratio is currently 39.48%.
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.
Featured Story: Catch-Up Contributions
Want to see what other hedge funds are holding UFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domtar Corp (NYSE:UFS) (TSE:UFS).
Receive News & Ratings for Domtar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domtar and related companies with MarketBeat.com's FREE daily email newsletter.