California Public Employees Retirement System trimmed its stake in Domtar Corp (NYSE:UFS) (TSE:UFS) by 34.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 129,526 shares of the basic materials company’s stock after selling 69,005 shares during the quarter. California Public Employees Retirement System owned about 0.21% of Domtar worth $4,638,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. TD Capital Management LLC acquired a new stake in Domtar in the second quarter worth $39,000. Advisory Services Network LLC acquired a new position in shares of Domtar during the second quarter valued at about $50,000. AGF Investments LLC grew its holdings in shares of Domtar by 75.1% during the second quarter. AGF Investments LLC now owns 1,250 shares of the basic materials company’s stock valued at $56,000 after buying an additional 536 shares during the last quarter. Anderson Fisher LLC acquired a new position in shares of Domtar during the second quarter valued at about $104,000. Finally, Centaurus Financial Inc. grew its holdings in shares of Domtar by 1,915.4% during the second quarter. Centaurus Financial Inc. now owns 2,479 shares of the basic materials company’s stock valued at $110,000 after buying an additional 2,356 shares during the last quarter. Institutional investors and hedge funds own 94.33% of the company’s stock.
UFS opened at $38.57 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 1.14. The company’s 50-day moving average is $36.12 and its 200 day moving average is $39.00. Domtar Corp has a fifty-two week low of $31.72 and a fifty-two week high of $53.89. The firm has a market capitalization of $2.18 billion, a P/E ratio of 8.37 and a beta of 1.94.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend is Tuesday, December 31st. Domtar’s payout ratio is currently 39.48%.
A number of research analysts have recently issued reports on UFS shares. Scotiabank set a $45.00 price objective on shares of Domtar and gave the company a “hold” rating in a report on Friday, August 30th. TheStreet cut shares of Domtar from a “b” rating to a “c+” rating in a report on Thursday, August 1st. TD Securities lifted their price objective on shares of Domtar from $37.00 to $40.00 and gave the company a “hold” rating in a report on Monday, October 28th. Raymond James reiterated a “market perform” rating and set a $38.00 price objective on shares of Domtar in a report on Monday, October 28th. Finally, Vertical Research upgraded shares of Domtar from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $47.27.
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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