First Eagle Investment Management LLC purchased a new position in Domtar Corporation (NYSE:UFS) (TSE:UFS) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 271,628 shares of the basic materials company’s stock, valued at approximately $10,436,000. First Eagle Investment Management LLC owned approximately 0.43% of Domtar Corporation at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Mckinley Capital Management LLC Delaware boosted its stake in shares of Domtar Corporation by 1.9% in the first quarter. Mckinley Capital Management LLC Delaware now owns 5,467 shares of the basic materials company’s stock worth $200,000 after buying an additional 100 shares in the last quarter. Comerica Bank boosted its stake in shares of Domtar Corporation by 0.3% in the second quarter. Comerica Bank now owns 53,619 shares of the basic materials company’s stock worth $2,092,000 after buying an additional 171 shares in the last quarter. Liberty Mutual Group Asset Management Inc. boosted its stake in shares of Domtar Corporation by 0.6% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 28,594 shares of the basic materials company’s stock worth $1,044,000 after buying an additional 172 shares in the last quarter. State Treasurer State of Michigan boosted its stake in shares of Domtar Corporation by 0.8% in the first quarter. State Treasurer State of Michigan now owns 25,400 shares of the basic materials company’s stock worth $928,000 after buying an additional 200 shares in the last quarter. Finally, Advantus Capital Management Inc boosted its stake in shares of Domtar Corporation by 3.0% in the first quarter. Advantus Capital Management Inc now owns 8,013 shares of the basic materials company’s stock worth $293,000 after buying an additional 235 shares in the last quarter. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

Domtar Corporation (NYSE:UFS) opened at 39.72 on Monday. Domtar Corporation has a one year low of $33.99 and a one year high of $44.58. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 15.15 and a beta of 1.49. The company has a 50-day moving average of $38.60 and a 200-day moving average of $38.29.

Domtar Corporation (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings data on Friday, July 28th. The basic materials company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.08. Domtar Corporation had a net margin of 3.23% and a return on equity of 6.47%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities analysts forecast that Domtar Corporation will post $2.46 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.415 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.66 annualized dividend and a dividend yield of 4.18%. Domtar Corporation’s payout ratio is currently 63.36%.

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A number of analysts have recently commented on the company. Zacks Investment Research raised Domtar Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. BidaskClub raised Domtar Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. ValuEngine raised Domtar Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. KeyCorp assumed coverage on Domtar Corporation in a research report on Thursday, July 6th. They issued an “underweight” rating and a $33.00 price target on the stock. Finally, Vertical Research reissued a “buy” rating on shares of Domtar Corporation in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Domtar Corporation currently has an average rating of “Hold” and a consensus price target of $41.20.

Domtar Corporation Company 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.

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Institutional Ownership by Quarter for Domtar Corporation (NYSE:UFS)

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