NewSquare Capital LLC raised its position in Potash Corp. of Saskatchewan (NYSE:POT) by 22.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,973 shares of the fertilizer maker’s stock after buying an additional 7,186 shares during the period. NewSquare Capital LLC’s holdings in Potash Corp. of Saskatchewan were worth $633,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in POT. Lincluden Management Ltd. raised its stake in Potash Corp. of Saskatchewan by 126.2% in the first quarter. Lincluden Management Ltd. now owns 605,315 shares of the fertilizer maker’s stock worth $10,292,000 after buying an additional 337,685 shares during the period. Sii Investments Inc. WI raised its stake in Potash Corp. of Saskatchewan by 195.3% in the first quarter. Sii Investments Inc. WI now owns 46,625 shares of the fertilizer maker’s stock worth $788,000 after buying an additional 30,838 shares during the period. Commonwealth Equity Services Inc raised its stake in Potash Corp. of Saskatchewan by 38.9% in the first quarter. Commonwealth Equity Services Inc now owns 119,470 shares of the fertilizer maker’s stock worth $2,033,000 after buying an additional 33,443 shares during the period. Aperio Group LLC raised its stake in Potash Corp. of Saskatchewan by 42.9% in the first quarter. Aperio Group LLC now owns 280,780 shares of the fertilizer maker’s stock worth $4,779,000 after buying an additional 84,277 shares during the period. Finally, Mn Services Vermogensbeheer B.V. acquired a new stake in Potash Corp. of Saskatchewan during the first quarter worth $310,000. 60.34% of the stock is owned by institutional investors.

Shares of Potash Corp. of Saskatchewan (NYSE:POT) traded down 0.13% on Tuesday, hitting $15.94. The stock had a trading volume of 10,816,991 shares. The stock has a market cap of $13.38 billion, a P/E ratio of 19.68 and a beta of 0.92. The firm has a 50 day moving average of $16.55 and a 200 day moving average of $16.85. Potash Corp. of Saskatchewan has a 12 month low of $14.64 and a 12 month high of $22.37.

Potash Corp. of Saskatchewan (NYSE:POT) last posted its earnings results on Thursday, July 28th. The fertilizer maker reported $0.18 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.18 billion. Potash Corp. of Saskatchewan had a return on equity of 9.17% and a net margin of 13.20%. Potash Corp. of Saskatchewan’s revenue was down 39.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 earnings per share. On average, equities analysts forecast that Potash Corp. of Saskatchewan will post $0.53 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 12th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.40 annualized dividend and a dividend yield of 2.51%. Potash Corp. of Saskatchewan’s dividend payout ratio is currently 123.46%.

POT has been the subject of a number of research reports. Vetr raised shares of Potash Corp. of Saskatchewan from a “sell” rating to a “hold” rating and set a $16.08 price objective for the company in a research note on Tuesday, May 24th. Stifel Nicolaus lowered shares of Potash Corp. of Saskatchewan from a “buy” rating to a “hold” rating in a research note on Tuesday, May 31st. Morgan Stanley reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Potash Corp. of Saskatchewan in a research note on Thursday, June 16th. Barclays PLC reaffirmed an “underweight” rating and issued a $14.00 price objective on shares of Potash Corp. of Saskatchewan in a research note on Saturday, June 25th. Finally, Citigroup Inc. lowered their price objective on shares of Potash Corp. of Saskatchewan from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, July 7th. Seven equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have assigned a buy rating to the company. Potash Corp. of Saskatchewan presently has an average rating of “Hold” and a consensus target price of $17.43.

Potash Corp. of Saskatchewan Company Profile

Potash Corporation of Saskatchewan Inc is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. It owns and operates approximately five potash operations in Saskatchewan and one in New Brunswick.

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