Domtar Corporation (NYSE:UFS) (TSE:UFS) insider Michael Fagan sold 4,154 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $41.40, for a total transaction of $171,975.60. Following the completion of the transaction, the insider now owns 10,649 shares in the company, valued at approximately $440,868.60. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Domtar Corporation (UFS) traded up 1.82% during trading on Tuesday, reaching $42.03. The company’s stock had a trading volume of 636,610 shares. The firm’s 50-day moving average is $39.20 and its 200-day moving average is $38.06. The stock has a market capitalization of $2.63 billion, a PE ratio of 16.03 and a beta of 1.49. Domtar Corporation has a 12-month low of $33.99 and a 12-month high of $44.58.
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 for the quarter, topping the consensus estimate of $0.53 by $0.08. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.31 billion. Domtar Corporation had a return on equity of 6.47% and a net margin of 3.23%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.61 earnings per share. Equities analysts expect that Domtar Corporation will post $2.47 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 issued a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Friday, September 29th. Domtar Corporation’s dividend payout ratio is presently 63.36%.
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UFS has been the topic of a number of analyst reports. ValuEngine cut shares of Domtar Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. CIBC upgraded shares of Domtar Corporation from a “sector underperform” rating to a “sector perform” rating in a research note on Monday, June 5th. BidaskClub upgraded shares of Domtar Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research cut shares of Domtar Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 6th. Finally, Vertical Research reiterated a “buy” rating on shares of Domtar Corporation in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Domtar Corporation currently has a consensus rating of “Hold” and a consensus price target of $41.20.
Hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Domtar Corporation by 14.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,610 shares of the basic materials company’s stock worth $100,000 after acquiring an additional 320 shares in the last quarter. LS Investment Advisors LLC boosted its holdings 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 worth $198,000 after acquiring an additional 866 shares in the last quarter. Mckinley Capital Management LLC Delaware boosted its holdings 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 worth $200,000 after acquiring an additional 100 shares in the last quarter. Bridgewater Associates LP acquired a new stake in Domtar Corporation in the second quarter worth about $200,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Domtar Corporation in the second quarter worth about $218,000. 91.20% of the stock is owned by institutional investors and hedge funds.
Domtar Corporation Company Profile
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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