Commonwealth Bank of Australia grew its holdings in shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) by 45.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,699 shares of the basic materials company’s stock after buying an additional 40,600 shares during the period. Commonwealth Bank of Australia owned 0.21% of Domtar Corporation worth $4,983,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 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 buying an additional 320 shares during the last quarter. LS Investment Advisors LLC raised its holdings in shares of 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 buying an additional 866 shares during the last quarter. Mckinley Capital Management LLC Delaware raised its holdings in shares of Domtar Corporation by 1.9% during 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 during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Domtar Corporation during the second quarter valued at approximately $218,000. Finally, Parkwood LLC bought a new stake in shares of Domtar Corporation during the first quarter valued at approximately $220,000. 91.20% of the stock is currently owned by institutional investors.
Domtar Corporation (UFS) opened at 40.71 on Friday. The firm’s 50-day moving average is $39.20 and its 200 day moving average is $38.09. The stock has a market capitalization of $2.55 billion, a PE ratio of 15.53 and a beta of 1.49. Domtar Corporation has a 52-week low of $33.99 and a 52-week high of $44.58.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last posted its earnings results on Friday, July 28th. The basic materials company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.08. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.31 billion. Domtar Corporation had a net margin of 3.23% and a return on equity of 6.47%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.61 earnings per share. On average, equities analysts forecast that Domtar Corporation will post $2.47 earnings per share for the current year.
The company also recently announced 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. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.66 annualized dividend and a yield of 4.08%. Domtar Corporation’s dividend payout ratio (DPR) is presently 63.36%.
In other Domtar Corporation news, VP Daniel Buron sold 4,900 shares of the stock in a transaction on Monday, August 21st. The shares were sold at an average price of $40.10, for a total value of $196,490.00. Following the sale, the vice president now directly owns 15,126 shares in the company, valued at $606,552.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.04% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Domtar Corporation (UFS) Stake Raised by Commonwealth Bank of Australia” was posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://www.themarketsdaily.com/2017/09/10/domtar-corporation-ufs-stake-raised-by-commonwealth-bank-of-australia.html.
UFS has been the topic of a number of recent analyst reports. BidaskClub cut Domtar Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. ValuEngine cut Domtar Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research cut Domtar Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. CIBC raised Domtar Corporation from a “sector underperform” rating to a “sector perform” rating in a report on Monday, June 5th. Finally, Scotiabank cut their price target on Domtar Corporation from $40.50 to $40.00 and set a “sector perform” rating on the stock in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $41.20.
Domtar Corporation 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.
Want to see what other hedge funds are holding UFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domtar Corporation (NYSE:UFS) (TSE:UFS).
Receive News & Ratings for Domtar Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domtar Corporation and related companies with MarketBeat.com's FREE daily email newsletter.