WealthTrust Axiom LLC lowered its position in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 13.5% during the second quarter, Holdings Channel reports. The institutional investor owned 52,600 shares of the fertilizer maker’s stock after selling 8,200 shares during the period. WealthTrust Axiom LLC’s holdings in Potash Corporation of Saskatchewan were worth $857,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in POT. Financial Architects Inc raised its stake in Potash Corporation of Saskatchewan by 1.7% in the first quarter. Financial Architects Inc now owns 6,000 shares of the fertilizer maker’s stock worth $102,000 after buying an additional 100 shares in the last quarter. Cornerstone Advisors Inc. increased its position in 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 last quarter. Lowe Wealth Advisors LLC increased its position in Potash Corporation of Saskatchewan by 12.7% in the second quarter. Lowe Wealth Advisors LLC now owns 7,520 shares of the fertilizer maker’s stock worth $123,000 after buying an additional 845 shares during the last quarter. Bessemer Group Inc. increased its position in 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 last quarter. Finally, Marshall Wace North America L.P. purchased a new position in Potash Corporation of Saskatchewan during the first quarter worth about $178,000. 59.07% of the stock is currently owned by institutional investors.

Potash Corporation of Saskatchewan Inc. (POT) opened at 18.05 on Monday. The stock’s 50 day moving average price is $17.09 and its 200 day moving average price is $17.26. The company has a market capitalization of $15.16 billion, a P/E 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.

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

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

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A number of research firms recently issued reports on POT. Royal Bank Of Canada reiterated a “buy” rating and set a $19.00 price objective on shares of Potash Corporation of Saskatchewan in a report on Friday, July 28th. Cowen and Company set a $16.00 price objective on Potash Corporation of Saskatchewan and gave the stock a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research downgraded Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Stifel Nicolaus reiterated a “buy” rating and set a $19.00 price objective (down from $20.00) on shares of Potash Corporation of Saskatchewan in a report 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 report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $18.08.

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.

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

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