Potash Corporation of Saskatchewan Inc. (POT) Shares Sold by Aperio Group LLC

Aperio Group LLC reduced its holdings in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 196,978 shares of the fertilizer maker’s stock after selling 3,275 shares during the quarter. Aperio Group LLC’s holdings in Potash Corporation of Saskatchewan were worth $3,790,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. First Eagle Investment Management LLC increased its holdings in Potash Corporation of Saskatchewan by 33.3% in the second quarter. First Eagle Investment Management LLC now owns 54,356,354 shares of the fertilizer maker’s stock worth $886,009,000 after purchasing an additional 13,588,283 shares in the last quarter. Vanguard Group Inc. increased its holdings in Potash Corporation of Saskatchewan by 4.3% in the second quarter. Vanguard Group Inc. now owns 19,579,208 shares of the fertilizer maker’s stock worth $319,141,000 after purchasing an additional 804,672 shares in the last quarter. Jarislowsky Fraser Ltd increased its holdings in Potash Corporation of Saskatchewan by 1.4% in the second quarter. Jarislowsky Fraser Ltd now owns 18,945,804 shares of the fertilizer maker’s stock worth $308,542,000 after purchasing an additional 254,401 shares in the last quarter. Carmignac Gestion increased its holdings in Potash Corporation of Saskatchewan by 0.4% in the second quarter. Carmignac Gestion now owns 12,299,830 shares of the fertilizer maker’s stock worth $200,487,000 after purchasing an additional 43,900 shares in the last quarter. Finally, TD Asset Management Inc. increased its holdings in Potash Corporation of Saskatchewan by 1.6% in the second quarter. TD Asset Management Inc. now owns 6,422,208 shares of the fertilizer maker’s stock worth $104,589,000 after purchasing an additional 101,631 shares in the last quarter. Institutional investors and hedge funds own 56.95% of the company’s stock.

Potash Corporation of Saskatchewan Inc. (NYSE POT) opened at $19.16 on Friday. The stock has a market capitalization of $16,080.74, a P/E ratio of 38.28, a P/E/G ratio of 4.80 and a beta of 0.46. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 0.44. Potash Corporation of Saskatchewan Inc. has a 1 year low of $15.74 and a 1 year high of $20.26.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last announced its earnings results on Thursday, October 26th. The fertilizer maker reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Potash Corporation of Saskatchewan had a net margin of 10.21% and a return on equity of 5.01%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. research analysts forecast that Potash Corporation of Saskatchewan Inc. will post 0.61 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Friday, September 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.40 annualized dividend and a dividend yield of 2.09%. Potash Corporation of Saskatchewan’s payout ratio is 72.73%.

A number of equities research analysts have weighed in on POT shares. HSBC Holdings plc started coverage on Potash Corporation of Saskatchewan in a report on Wednesday, October 11th. They issued a “buy” rating and a $24.25 target price for the company. BMO Capital Markets reiterated a “market perform” rating and issued a $17.50 target price (up from $17.00) on shares of Potash Corporation of Saskatchewan in a report on Friday, October 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $20.50 target price on shares of Potash Corporation of Saskatchewan in a report on Friday, August 11th. Royal Bank Of Canada restated a “buy” rating and set a $20.00 price objective on shares of Potash Corporation of Saskatchewan in a report on Wednesday, October 18th. Finally, Cowen and Company restated a “hold” rating on shares of Potash Corporation of Saskatchewan in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $19.94.

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Potash Corporation of Saskatchewan Profile

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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