World Asset Management Inc lowered its position in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 5.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,473 shares of the fertilizer maker’s stock after selling 2,840 shares during the period. World Asset Management Inc’s holdings in Potash Corporation of Saskatchewan were worth $806,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Bessemer Group Inc. raised its stake in shares of Potash Corporation of Saskatchewan by 126.8% in the second quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock worth $162,000 after buying an additional 5,530 shares during the period. CAPROCK Group Inc. acquired a new stake in shares of Potash Corporation of Saskatchewan during the second quarter worth $236,000. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of Potash Corporation of Saskatchewan by 100.0% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 24,000 shares of the fertilizer maker’s stock worth $391,000 after buying an additional 12,000 shares during the period. Beck Mack & Oliver LLC raised its stake in shares of Potash Corporation of Saskatchewan by 12.0% in the second quarter. Beck Mack & Oliver LLC now owns 611,660 shares of the fertilizer maker’s stock worth $9,970,000 after buying an additional 65,300 shares during the period. Finally, Cornerstone Advisors Inc. raised its stake in shares of Potash Corporation of Saskatchewan by 1.8% in the second quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock worth $110,000 after buying an additional 122 shares during the period. Hedge funds and other institutional investors own 59.07% of the company’s stock.

Potash Corporation of Saskatchewan Inc. (POT) opened at 18.05 on Monday. The firm has a market cap of $15.16 billion, a price-to-earnings ratio of 31.78 and a beta of 0.46. Potash Corporation of Saskatchewan Inc. has a 52-week low of $15.48 and a 52-week high of $20.26. The company’s 50-day moving average price is $17.09 and its 200-day moving average price is $17.26.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly earnings data on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.01. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $982.05 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts predict that Potash Corporation of Saskatchewan Inc. will post $0.60 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Friday, June 30th were paid a $0.10 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.40 annualized dividend and a dividend yield of 2.22%. Potash Corporation of Saskatchewan’s dividend payout ratio is currently 67.80%.

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A number of equities research analysts have weighed in on the company. Royal Bank Of Canada restated a “buy” rating and set a $19.00 price objective on shares of Potash Corporation of Saskatchewan in a research note on Friday, July 28th. Cowen and Company set a $16.00 price objective on Potash Corporation of Saskatchewan and gave the company a “hold” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Stifel Nicolaus restated a “buy” rating and set a $19.00 price objective (down previously from $20.00) on shares of Potash Corporation of Saskatchewan in a research note on Monday, July 10th. Finally, Scotiabank upgraded Potash Corporation of Saskatchewan from a “sector perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research note on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $18.08.

About Potash Corporation of Saskatchewan

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.

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

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