Canada Pension Plan Investment Board Acquires 45,976 Shares of Potash Corporation of Saskatchewan Inc. (POT)

Canada Pension Plan Investment Board lifted its holdings in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 161.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 74,459 shares of the fertilizer maker’s stock after acquiring an additional 45,976 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Potash Corporation of Saskatchewan were worth $1,430,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in POT. San Francisco Sentry Investment Group CA bought a new stake in Potash Corporation of Saskatchewan during the 2nd quarter valued at $104,000. Financial Architects Inc raised its holdings in Potash Corporation of Saskatchewan by 11.7% during the 2nd quarter. Financial Architects Inc now owns 6,700 shares of the fertilizer maker’s stock valued at $109,000 after buying an additional 700 shares during the last quarter. Cornerstone Advisors Inc. raised its holdings in Potash Corporation of Saskatchewan by 1.8% during the 2nd quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock valued at $110,000 after buying an additional 122 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in Potash Corporation of Saskatchewan by 5,642.7% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 7,523 shares of the fertilizer maker’s stock valued at $143,000 after buying an additional 7,392 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in Potash Corporation of Saskatchewan by 126.8% during the 2nd quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock valued at $162,000 after buying an additional 5,530 shares during the last quarter. Hedge funds and other institutional investors own 57.72% of the company’s stock.

Shares of Potash Corporation of Saskatchewan Inc. (NYSE POT) opened at $19.09 on Monday. The firm has a market cap of $16,038.73, a PE ratio of 38.18, a PEG ratio of 4.66 and a beta of 0.46. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.99 and a quick ratio of 0.50. 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 released its earnings results on Thursday, October 26th. The fertilizer maker reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Potash Corporation of Saskatchewan had a return on equity of 5.01% and a net margin of 10.21%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 earnings per share. research analysts anticipate that Potash Corporation of Saskatchewan Inc. will post 0.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Thursday, September 28th. Potash Corporation of Saskatchewan’s dividend payout ratio is presently 72.73%.

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A number of research firms recently commented on POT. UBS AG upped their price target on shares of Potash Corporation of Saskatchewan from $21.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 27th. BMO Capital Markets reiterated a “hold” rating on shares of Potash Corporation of Saskatchewan in a report on Sunday, August 13th. Royal Bank Of Canada reiterated a “buy” rating and set a $19.00 price target on shares of Potash Corporation of Saskatchewan in a report on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating and set a $20.50 price target on shares of Potash Corporation of Saskatchewan in a report on Thursday, September 14th. Finally, TD Securities upgraded shares of Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating and upped their price target for the company from $17.50 to $24.00 in a report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Potash Corporation of Saskatchewan presently has an average rating of “Buy” and a consensus target price of $19.94.

Potash Corporation of Saskatchewan Company 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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