Bank of Montreal Can Lowers Position in Domtar Corp (NYSE:UFS)

Bank of Montreal Can cut its stake in Domtar Corp (NYSE:UFS) (TSE:UFS) by 34.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,597 shares of the basic materials company’s stock after selling 37,720 shares during the quarter. Bank of Montreal Can owned 0.12% of Domtar worth $3,232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of UFS. Prudential Financial Inc. increased its position in shares of Domtar by 29.8% during the second quarter. Prudential Financial Inc. now owns 959,129 shares of the basic materials company’s stock valued at $42,710,000 after acquiring an additional 219,940 shares during the last quarter. ARP Americas LP increased its position in shares of Domtar by 76.8% during the second quarter. ARP Americas LP now owns 32,700 shares of the basic materials company’s stock valued at $1,456,000 after acquiring an additional 14,200 shares during the last quarter. WINTON GROUP Ltd increased its position in shares of Domtar by 91.0% during the second quarter. WINTON GROUP Ltd now owns 29,487 shares of the basic materials company’s stock valued at $1,313,000 after acquiring an additional 14,045 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Domtar by 51.9% during the second quarter. GSA Capital Partners LLP now owns 20,182 shares of the basic materials company’s stock valued at $899,000 after acquiring an additional 6,899 shares during the last quarter. Finally, Advisor Group Inc. increased its position in shares of Domtar by 8.0% during the second quarter. Advisor Group Inc. now owns 11,605 shares of the basic materials company’s stock valued at $517,000 after acquiring an additional 861 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

NYSE:UFS opened at $35.62 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.20 and a quick ratio of 1.09. The business has a fifty day simple moving average of $35.45 and a two-hundred day simple moving average of $43.55. Domtar Corp has a 1 year low of $31.72 and a 1 year high of $54.50. The company has a market capitalization of $2.14 billion, a P/E ratio of 7.73 and a beta of 1.97.

Domtar (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.30). Domtar had a return on equity of 12.48% and a net margin of 5.21%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the business earned $0.65 earnings per share. Domtar’s revenue was down 2.7% on a year-over-year basis. As a group, analysts anticipate that Domtar Corp will post 3.65 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Tuesday, October 1st. Domtar’s payout ratio is currently 39.48%.

UFS has been the subject of a number of recent research reports. Vertical Group downgraded Domtar from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. BMO Capital Markets downgraded Domtar from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $52.00 to $39.00 in a research report on Wednesday, July 3rd. Raymond James decreased their target price on Domtar from $48.00 to $45.00 and set a “market perform” rating for the company in a research report on Friday, August 2nd. TD Securities decreased their target price on Domtar from $48.00 to $43.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. Finally, Scotiabank set a $45.00 target price on Domtar and gave the stock a “hold” rating in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Domtar presently has an average rating of “Hold” and a consensus target price of $49.93.

Domtar 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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