Domtar Corp (UFS): John David Williams , President and CEO of Domtar Corp sold 21,977 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $37.65 per share for a total value of $827,434.06 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 6, 2016, Michael Fagan (President, Personal Care) sold 10,000 shares at $36.96 per share price.On Feb 27, 2015, John David Williams (President and CEO) sold 21,426 shares at $44.15 per share price.
Domtar Corp (USA): On Thursday, May 19, 2016 heightened volatility was witnessed in Domtar Corp (USA) which led to swings in the share price. The shares opened for trading at $36.57 and hit $37.045 on the upside , eventually ending the session at $36.97, with a gain of 0.24% or 0.09 points. The heightened volatility saw the trading volume jump to 3,41,485 shares. The 52-week high of the share price is $45.48 and the company has a market cap of $2,314 M . The 52-week low of the share price is at $29.88.
On May 3, 2016, Domtar Corp (USA) announced a cash dividend of $0.4150. The company’s management has announced Jun 30, 2016 as the ex-dividend date and fixed the record date on Jul 5, 2016. The payable date has been fixed on Jul 15, 2016.
Company has been under the radar of several Street Analysts.Domtar Corp (USA) is Downgraded by BofA/Merrill to Underperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 6, 2016.
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 in two business segments: Pulp and Paper and Personal Care. The Company’s Pulp and Paper segment is engaged in the design manufacturing marketing and distribution of communication papers specialty and packaging papers as well as softwood fluff and hardwood market pulp. The Company’s Personal Care segment is involved in the manufacturing marketing and distribution of absorbent hygiene products. The Company is an integrated marketer and manufacturer of uncoated freesheet paper in North America for a range of customers including merchants retail outlets stationers printers publishers converters and end-users. It is also a marketer and producer of a broad line of incontinence care products.