Domtar Corp (NYSE:UFS) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its position in shares of Domtar Corp (NYSE:UFS) (TSE:UFS) by 3.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 149,753 shares of the basic materials company’s stock after selling 5,409 shares during the period. Rhumbline Advisers owned about 0.24% of Domtar worth $7,435,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Domtar in the fourth quarter valued at $30,536,000. Oregon Public Employees Retirement Fund increased its position in Domtar by 3,483.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 877,934 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 853,435 shares in the last quarter. American Century Companies Inc. boosted its stake in Domtar by 5,973.2% in the 4th quarter. American Century Companies Inc. now owns 795,532 shares of the basic materials company’s stock worth $27,947,000 after buying an additional 782,433 shares during the last quarter. BlackRock Inc. boosted its stake in Domtar by 6.3% in the 4th quarter. BlackRock Inc. now owns 8,167,471 shares of the basic materials company’s stock worth $286,923,000 after buying an additional 487,215 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in Domtar by 58.1% in the 4th quarter. Prudential Financial Inc. now owns 891,207 shares of the basic materials company’s stock worth $31,308,000 after buying an additional 327,610 shares during the last quarter. Hedge funds and other institutional investors own 94.33% of the company’s stock.

UFS has been the topic of several research analyst reports. Zacks Investment Research lowered Domtar from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. Goldman Sachs Group raised Domtar from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $51.00 to $56.00 in a research report on Friday, May 3rd. UFS restated a “sell” rating on shares of Domtar in a report on Thursday, February 21st. Bank of America upgraded Domtar from a “neutral” rating to a “buy” rating in a report on Tuesday, April 30th. Finally, Raymond James reiterated a “market perform” rating and issued a $51.00 price target on shares of Domtar in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $52.25.

UFS stock traded down $0.72 during trading on Friday, reaching $43.51. 427,010 shares of the company’s stock were exchanged, compared to its average volume of 701,175. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 2.19. Domtar Corp has a 1-year low of $33.81 and a 1-year high of $54.50. The firm has a market capitalization of $2.78 billion, a PE ratio of 9.44 and a beta of 1.98.

Domtar (NYSE:UFS) (TSE:UFS) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.08. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.44 billion. Domtar had a return on equity of 12.88% and a net margin of 5.63%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 earnings per share. Equities research analysts predict that Domtar Corp will post 5.54 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Tuesday, July 2nd will be given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 4.18%. This is a positive change from Domtar’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Monday, July 1st. Domtar’s payout ratio is presently 37.74%.

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Domtar Company Profile

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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Institutional Ownership by Quarter for Domtar (NYSE:UFS)

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