Candriam Luxembourg S.C.A. lowered its stake in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 1.8% during the second quarter, Holdings Channel reports. The fund owned 368,547 shares of the fertilizer maker’s stock after selling 6,655 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Potash Corporation of Saskatchewan were worth $6,007,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of Potash Corporation of Saskatchewan by 40.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,385,650 shares of the fertilizer maker’s stock worth $25,066,000 after buying an additional 395,956 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of Potash Corporation of Saskatchewan during the fourth quarter worth approximately $12,084,000. Fruth Investment Management purchased a new position in shares of Potash Corporation of Saskatchewan during the first quarter worth approximately $363,000. New England Research & Management Inc. raised its position in shares of Potash Corporation of Saskatchewan by 47.8% in the first quarter. New England Research & Management Inc. now owns 37,020 shares of the fertilizer maker’s stock worth $632,000 after buying an additional 11,970 shares in the last quarter. Finally, Creative Planning raised its position in shares of Potash Corporation of Saskatchewan by 2.2% in the first quarter. Creative Planning now owns 46,641 shares of the fertilizer maker’s stock worth $797,000 after buying an additional 1,009 shares in the last quarter. Institutional investors and hedge funds own 59.09% of the company’s stock.
Shares of Potash Corporation of Saskatchewan Inc. (POT) opened at 18.05 on Friday. The stock has a 50 day moving average of $17.09 and a 200-day moving average of $17.26. Potash Corporation of Saskatchewan Inc. has a 52 week low of $15.32 and a 52 week high of $20.26. The firm has a market capitalization of $15.16 billion, a price-to-earnings ratio of 31.78 and a beta of 0.46.
Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last posted its quarterly earnings data on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.01. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $982.05 million. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 EPS. Analysts expect that Potash Corporation of Saskatchewan Inc. will post $0.60 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Friday, June 30th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Wednesday, June 28th. Potash Corporation of Saskatchewan’s dividend payout ratio is 67.80%.
A number of brokerages have commented on POT. Royal Bank Of Canada reiterated a “buy” rating and issued a $19.00 price objective on shares of Potash Corporation of Saskatchewan in a report on Friday, July 28th. Zacks Investment Research lowered shares of Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Cowen and Company set a $16.00 target price on shares of Potash Corporation of Saskatchewan and gave the company a “hold” rating in a research note on Thursday, July 27th. Stifel Nicolaus restated a “buy” rating and issued a $19.00 target price (down previously from $20.00) on shares of Potash Corporation of Saskatchewan in a research note on Monday, July 10th. Finally, Scotiabank restated a “sector perform” rating and issued a $20.00 target price on shares of Potash Corporation of Saskatchewan in a research note on Friday, April 28th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $18.08.
About Potash Corporation of Saskatchewan
Potash Corporation of Saskatchewan Inc (PCS) is a fertilizer producer producing a range of primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. As of December 31, 2016, it owned and operated five potash operations in Saskatchewan and owned one in New Brunswick.
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