Potash Co. of Saskatchewan (POT) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its stake in Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 296,905 shares of the fertilizer maker’s stock after acquiring an additional 4,325 shares during the quarter. Ameriprise Financial Inc.’s holdings in Potash Co. of Saskatchewan were worth $5,713,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in POT. Jarislowsky Fraser Ltd increased its holdings in shares of Potash Co. of Saskatchewan by 42.5% during the third quarter. Jarislowsky Fraser Ltd now owns 26,998,779 shares of the fertilizer maker’s stock worth $518,539,000 after purchasing an additional 8,052,975 shares during the period. Janus Henderson Group PLC bought a new position in shares of Potash Co. of Saskatchewan during the second quarter worth approximately $59,549,000. Renaissance Technologies LLC increased its holdings in shares of Potash Co. of Saskatchewan by 777.4% during the second quarter. Renaissance Technologies LLC now owns 3,513,263 shares of the fertilizer maker’s stock worth $57,266,000 after purchasing an additional 3,112,864 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Potash Co. of Saskatchewan by 5.7% during the third quarter. First Eagle Investment Management LLC now owns 57,457,469 shares of the fertilizer maker’s stock worth $1,105,482,000 after purchasing an additional 3,101,115 shares during the period. Finally, Schroder Investment Management Group increased its holdings in shares of Potash Co. of Saskatchewan by 2,582.5% during the second quarter. Schroder Investment Management Group now owns 2,905,142 shares of the fertilizer maker’s stock worth $61,327,000 after purchasing an additional 2,796,842 shares during the period. 59.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Potash Co. of Saskatchewan (POT) opened at $20.54 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 0.44. The stock has a market cap of $17,290.57, a P/E ratio of 37.35, a P/E/G ratio of 5.03 and a beta of 0.45. Potash Co. of Saskatchewan has a 52-week low of $15.74 and a 52-week high of $20.98.

Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) last posted its quarterly 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 firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.03 billion. Potash Co. of Saskatchewan had a return on equity of 5.01% and a net margin of 10.21%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 EPS. analysts forecast that Potash Co. of Saskatchewan will post 0.63 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, December 29th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.95%. Potash Co. of Saskatchewan’s dividend payout ratio is currently 72.73%.

Several research analysts have recently commented on the stock. Stephens assumed coverage on shares of Potash Co. of Saskatchewan in a report on Monday, December 4th. They set an “overweight” rating and a $23.00 target price on the stock. TD Securities raised shares of Potash Co. of Saskatchewan from a “hold” rating to a “buy” rating and raised their target price for the stock from $17.50 to $24.00 in a report on Thursday, September 28th. Zacks Investment Research lowered shares of Potash Co. of Saskatchewan from a “hold” rating to a “strong sell” rating in a research report on Monday, October 23rd. Royal Bank of Canada reiterated a “buy” rating and set a $20.00 price target on shares of Potash Co. of Saskatchewan in a research report on Wednesday, October 18th. Finally, UBS Group increased their price target on shares of Potash Co. of Saskatchewan from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Potash Co. of Saskatchewan currently has an average rating of “Buy” and a consensus price target of $20.25.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Transcript Daily and is the property of of Transcript Daily. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://transcriptdaily.com/2017/12/29/potash-co-of-saskatchewan-pot-shares-bought-by-ameriprise-financial-inc.html.

Potash Co. 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.

Want to see what other hedge funds are holding POT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT).

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

Receive News & Ratings for Potash Co. of Saskatchewan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potash Co. of Saskatchewan and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply