Riverhead Capital Management LLC Sells 4,732 Shares of Domtar Corporation (UFS)

Riverhead Capital Management LLC Sells 4,732 Shares of Domtar Corporation (UFS)

Riverhead Capital Management LLC lowered its stake in shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) by 47.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,300 shares of the company’s stock after selling 4,732 shares during the period. Riverhead Capital Management LLC’s holdings in Domtar Corporation were worth $197,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BlackRock Fund Advisors raised its stake in shares of Domtar Corporation by 4.5% in the third quarter. BlackRock Fund Advisors now owns 6,293,202 shares of the company’s stock valued at $233,667,000 after buying an additional 272,585 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Domtar Corporation by 27.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,081,406 shares of the company’s stock valued at $114,413,000 after buying an additional 671,711 shares in the last quarter. State Street Corp increased its position in shares of Domtar Corporation by 0.6% in the second quarter. State Street Corp now owns 1,764,040 shares of the company’s stock valued at $61,765,000 after buying an additional 10,609 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Domtar Corporation by 25.8% in the third quarter. Prudential Financial Inc. now owns 941,472 shares of the company’s stock valued at $34,956,000 after buying an additional 193,206 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Domtar Corporation by 5.3% in the third quarter. Bank of New York Mellon Corp now owns 901,993 shares of the company’s stock valued at $33,489,000 after buying an additional 45,126 shares in the last quarter. Institutional investors own 82.88% of the company’s stock.

Domtar Corporation (NYSE:UFS) traded up 2.31% during trading on Friday, hitting $43.43. 617,889 shares of the stock traded hands. The stock has a market cap of $2.72 billion, a P/E ratio of 19.79 and a beta of 1.58. Domtar Corporation has a 52-week low of $29.88 and a 52-week high of $44.58. The stock has a 50 day moving average price of $40.14 and a 200-day moving average price of $37.91.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Tuesday, January 3rd were issued a $0.415 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $1.66 annualized dividend and a yield of 3.91%. Domtar Corporation’s dividend payout ratio (DPR) is presently 75.45%.

UFS has been the topic of several analyst reports. Bank of America Corp raised shares of Domtar Corporation from an “underperform” rating to a “neutral” rating in a report on Monday, October 3rd. Moffett Nathanson raised shares of Domtar Corporation from an “underperform” rating to a “neutral” rating in a report on Monday, October 3rd. Finally, Zacks Investment Research downgraded shares of Domtar Corporation from a “buy” rating to a “hold” rating in a report on Thursday, October 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $40.88.

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 operates through two business segments: Pulp and Paper, and Personal Care. Its Pulp and Paper segment is engaged in the designing, 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).

Related posts

Leave a Comment