Raymond James Financial Services Advisors Inc. Has $508,000 Stake in Domtar Corporation (UFS)

Raymond James Financial Services Advisors Inc. reduced its stake in shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) by 17.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,708 shares of the basic materials company’s stock after selling 2,459 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Domtar were worth $508,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of UFS. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Domtar by 0.6% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,797 shares of the basic materials company’s stock worth $645,000 after purchasing an additional 100 shares in the last quarter. Utah Retirement Systems lifted its holdings in Domtar by 0.9% in the 2nd quarter. Utah Retirement Systems now owns 11,396 shares of the basic materials company’s stock worth $438,000 after purchasing an additional 100 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Domtar by 1.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,652 shares of the basic materials company’s stock worth $409,000 after purchasing an additional 134 shares in the last quarter. Comerica Bank lifted its holdings in Domtar by 0.3% in the 2nd quarter. Comerica Bank now owns 53,619 shares of the basic materials company’s stock worth $2,092,000 after purchasing an additional 171 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Domtar by 14.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,610 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 320 shares in the last quarter. 91.32% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on the company. BidaskClub raised Domtar from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. DA Davidson boosted their price target on Domtar to $37.00 and gave the stock an “underperform” rating in a report on Monday, October 30th. Zacks Investment Research cut Domtar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. Citigroup reaffirmed a “sell” rating and set a $40.00 price objective (down from $41.00) on shares of Domtar in a report on Thursday, October 5th. Finally, KeyCorp set a $33.00 price objective on Domtar and gave the stock a “sell” rating in a report on Friday, October 27th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Domtar presently has a consensus rating of “Hold” and an average target price of $43.30.

Shares of Domtar Corporation (NYSE UFS) traded down $0.34 on Wednesday, hitting $48.40. The stock had a trading volume of 710,500 shares, compared to its average volume of 571,231. The stock has a market cap of $3,055.69, a PE ratio of 17.99, a price-to-earnings-growth ratio of 3.73 and a beta of 1.54. Domtar Corporation has a twelve month low of $35.47 and a twelve month high of $49.26. The company has a quick ratio of 1.20, a current ratio of 2.29 and a debt-to-equity ratio of 0.40.

Domtar (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings data on Friday, October 27th. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.30. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Domtar had a return on equity of 6.17% and a net margin of 3.44%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.13 EPS. analysts expect that Domtar Corporation will post 2.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $0.415 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.66 annualized dividend and a dividend yield of 3.43%. Domtar’s dividend payout ratio (DPR) is 59.50%.

In other news, insider Michael Fagan sold 4,154 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $41.40, for a total transaction of $171,975.60. Following the transaction, the insider now owns 10,649 shares of the company’s stock, valued at approximately $440,868.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Dennis Garcia sold 4,712 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $42.73, for a total value of $201,343.76. Following the transaction, the insider now directly owns 4,712 shares in the company, valued at approximately $201,343.76. The disclosure for this sale can be found here. Insiders own 1.04% of the company’s stock.

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About Domtar

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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Institutional Ownership by Quarter for Domtar (NYSE:UFS)

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