Potash Corporation of Saskatchewan Inc. (POT) Stake Decreased by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC decreased its holdings in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 8.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 272,880 shares of the fertilizer maker’s stock after selling 23,600 shares during the period. Birch Hill Investment Advisors LLC’s holdings in Potash Corporation of Saskatchewan were worth $4,448,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Architects Inc boosted its stake in shares of Potash Corporation of Saskatchewan by 11.7% in the second quarter. Financial Architects Inc now owns 6,700 shares of the fertilizer maker’s stock worth $109,000 after acquiring an additional 700 shares during the period. Cornerstone Advisors Inc. boosted its stake in shares of Potash Corporation of Saskatchewan by 1.8% in the second quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock worth $110,000 after acquiring an additional 122 shares during the period. Lowe Wealth Advisors LLC boosted its stake in shares of Potash Corporation of Saskatchewan by 12.7% in the second quarter. Lowe Wealth Advisors LLC now owns 7,520 shares of the fertilizer maker’s stock worth $123,000 after acquiring an additional 845 shares during the period. Bessemer Group Inc. boosted its stake in shares of Potash Corporation of Saskatchewan by 126.8% in the second quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock worth $162,000 after acquiring an additional 5,530 shares during the period. Finally, Marshall Wace North America L.P. bought a new position in shares of Potash Corporation of Saskatchewan in the first quarter worth about $178,000. 56.97% of the stock is owned by hedge funds and other institutional investors.

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Shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) traded up 2.908% during midday trading on Monday, reaching $19.285. The company’s stock had a trading volume of 5,686,030 shares. The stock’s 50 day moving average price is $17.63 and its 200 day moving average price is $17.04. The firm has a market cap of $16.20 billion, a price-to-earnings ratio of 33.952 and a beta of 0.48. Potash Corporation of Saskatchewan Inc. has a one year low of $15.72 and a one year high of $20.27.

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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). Potash Corporation of Saskatchewan had a return on equity of 5.19% and a net margin of 11.07%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $982.05 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Analysts predict that Potash Corporation of Saskatchewan Inc. will post $0.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, September 28th. Potash Corporation of Saskatchewan’s dividend payout ratio is currently 67.80%.

A number of equities analysts have recently weighed in on POT shares. Scotiabank raised Potash Corporation of Saskatchewan from a “sector perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research note on Monday, July 10th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Potash Corporation of Saskatchewan in a research note on Tuesday, June 20th. Zacks Investment Research lowered Potash Corporation of Saskatchewan from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price objective (down previously from $20.00) on shares of Potash Corporation of Saskatchewan in a research note on Monday, July 10th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Potash Corporation of Saskatchewan in a research note on Sunday, August 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Potash Corporation of Saskatchewan has an average rating of “Hold” and an average price target of $18.25.

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.

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

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