Harvey Capital Management Inc. maintained its position in Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,500 shares of the fertilizer maker’s stock at the end of the first quarter. Harvey Capital Management Inc.’s holdings in Potash Co. of Saskatchewan were worth $230,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Community Financial Services Group LLC increased its position in Potash Co. of Saskatchewan by 0.9% in the third quarter. Community Financial Services Group LLC now owns 117,155 shares of the fertilizer maker’s stock worth $1,912,000 after buying an additional 1,085 shares in the last quarter. Bourne Lent Asset Management Inc. increased its position in Potash Co. of Saskatchewan by 3.2% in the third quarter. Bourne Lent Asset Management Inc. now owns 77,795 shares of the fertilizer maker’s stock worth $1,270,000 after buying an additional 2,400 shares in the last quarter. Commonwealth Equity Services Inc increased its position in Potash Co. of Saskatchewan by 3.2% in the third quarter. Commonwealth Equity Services Inc now owns 142,138 shares of the fertilizer maker’s stock worth $2,320,000 after buying an additional 4,392 shares in the last quarter. Carmignac Gestion purchased a new position in Potash Co. of Saskatchewan during the third quarter worth approximately $198,721,000. Finally, CGOV Asset Management purchased a new position in Potash Co. of Saskatchewan during the third quarter worth approximately $59,144,000. Hedge funds and other institutional investors own 59.18% of the company’s stock.

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

Shares of Potash Co. of Saskatchewan (NYSE:POT) traded down 0.84% during midday trading on Tuesday, hitting $16.53. 5,278,027 shares of the stock traded hands. The firm’s 50 day moving average price is $17.09 and its 200 day moving average price is $17.65. The company has a market capitalization of $13.88 billion, a PE ratio of 43.50 and a beta of 0.58. Potash Co. of Saskatchewan has a 12-month low of $15.21 and a 12-month high of $20.26.

Potash Co. of Saskatchewan (NYSE:POT) last released its earnings results on Thursday, January 26th. The fertilizer maker reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.02. The firm earned $1.06 billion during the quarter, compared to the consensus estimate of $941.39 million. Potash Co. of Saskatchewan had a net margin of 7.54% and a return on equity of 5.23%. The company’s revenue was down 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 EPS. Analysts expect that Potash Co. of Saskatchewan will post $0.52 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 2nd. Stockholders of record on Friday, March 31st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Wednesday, March 29th. Potash Co. of Saskatchewan’s dividend payout ratio is currently 100.00%.

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A number of equities analysts recently commented on POT shares. Sanford C. Bernstein restated an “overweight” rating on shares of Potash Co. of Saskatchewan in a report on Friday, December 23rd. Vetr downgraded Potash Co. of Saskatchewan from a “strong-buy” rating to a “buy” rating and set a $19.00 price target on the stock. in a report on Monday, January 2nd. Zacks Investment Research downgraded Potash Co. of Saskatchewan from a “hold” rating to a “sell” rating in a report on Thursday, January 12th. Cowen and Company upgraded Potash Co. of Saskatchewan from an “underperform” rating to a “market perform” rating and increased their price target for the company from $14.75 to $18.89 in a report on Tuesday, January 24th. Finally, Credit Suisse Group AG increased their price target on Potash Co. of Saskatchewan from $11.00 to $18.00 and gave the company an “underperform” rating in a report on Wednesday, January 25th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $17.78.

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.

5 Day Chart for NYSE:POT

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