Potash Corporation of Saskatchewan Inc. (POT) Position Increased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp increased its stake in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 3.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,500 shares of the fertilizer maker’s stock after buying an additional 1,100 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Potash Corporation of Saskatchewan were worth $520,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. First Personal Financial Services increased its position in Potash Corporation of Saskatchewan by 62.3% in the third quarter. First Personal Financial Services now owns 67,372 shares of the fertilizer maker’s stock valued at $1,100,000 after buying an additional 25,858 shares in the last quarter. Pacific Alternative Asset Management Company LLC increased its position in Potash Corporation of Saskatchewan by 575.4% in the third quarter. Pacific Alternative Asset Management Company LLC now owns 175,600 shares of the fertilizer maker’s stock valued at $2,866,000 after buying an additional 149,600 shares in the last quarter. Terril Brothers Inc. acquired a new position in Potash Corporation of Saskatchewan during the fourth quarter worth approximately $7,516,000. Comerica Bank increased its position in Potash Corporation of Saskatchewan by 17.3% in the fourth quarter. Comerica Bank now owns 51,089 shares of the fertilizer maker’s stock worth $966,000 after buying an additional 7,525 shares during the period. Finally, Korea Investment CORP acquired a new position in Potash Corporation of Saskatchewan during the first quarter worth approximately $885,000. 59.37% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Potash Corporation of Saskatchewan (NYSE:POT)

Potash Corporation of Saskatchewan Inc. (NYSE:POT) opened at 16.78 on Friday. Potash Corporation of Saskatchewan Inc. has a 12 month low of $15.21 and a 12 month high of $20.26. The stock’s 50 day moving average is $16.50 and its 200 day moving average is $17.57. The firm has a market cap of $14.10 billion, a PE ratio of 35.70 and a beta of 0.51. Potash Corporation of Saskatchewan also was the recipient of some unusual options trading on Friday. Investors acquired 31,430 put options on the stock. This represents an increase of approximately 1,243% compared to the average daily volume of 2,340 put options.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last announced its earnings results on Thursday, April 27th. The fertilizer maker reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.08. Potash Corporation of Saskatchewan had a return on equity of 5.52% and a net margin of 9.41%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $999.41 million. During the same quarter in the prior year, the company earned $0.15 EPS. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. On average, equities analysts forecast that Potash Corporation of Saskatchewan Inc. will post $0.63 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Friday, June 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.40 annualized dividend and a yield of 2.38%. Potash Corporation of Saskatchewan’s payout ratio is 81.63%.

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A number of research analysts have commented on POT shares. Zacks Investment Research downgraded shares of Potash Corporation of Saskatchewan from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th. Vetr upgraded shares of Potash Corporation of Saskatchewan from a “buy” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a report on Monday, February 20th. Vertical Research upgraded shares of Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating in a research note on Friday, May 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $19.00 target price on shares of Potash Corporation of Saskatchewan in a research note on Tuesday, March 14th. Finally, Citigroup Inc. lowered their target price on shares of Potash Corporation of Saskatchewan from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, April 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $17.89.

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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