TD Asset Management Inc. increased its stake in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 6,422,208 shares of the fertilizer maker’s stock after buying an additional 101,631 shares during the period. TD Asset Management Inc.’s holdings in Potash Corporation of Saskatchewan were worth $104,589,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in POT. Financial Architects Inc raised its position 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 valued at $102,000 after buying an additional 100 shares during the period. Cornerstone Advisors Inc. raised 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 valued at $110,000 after buying an additional 122 shares during the period. Lowe Wealth Advisors LLC raised 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 valued at $123,000 after buying an additional 845 shares during the period. Bessemer Group Inc. raised 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 valued at $162,000 after buying an additional 5,530 shares during the period. Finally, Marshall Wace North America L.P. bought a new position in Potash Corporation of Saskatchewan during the first quarter valued at approximately $178,000. 59.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) opened at 17.66 on Tuesday. The company has a market capitalization of $14.84 billion, a P/E ratio of 31.09 and a beta of 0.46. Potash Corporation of Saskatchewan Inc. has a one year low of $15.48 and a one year high of $20.26. The stock has a 50 day moving average price of $17.09 and a 200-day moving average price of $17.26.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last announced its earnings results 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 business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $982.05 million. During the same quarter in the previous year, the company earned $0.18 EPS. Potash Corporation of Saskatchewan’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities research analysts predict that Potash Corporation of Saskatchewan Inc. will post $0.60 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Friday, June 30th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.27%. Potash Corporation of Saskatchewan’s dividend payout ratio is currently 67.80%.

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Several equities analysts recently commented on POT shares. Royal Bank Of Canada reissued a “buy” rating and set a $19.00 price target on shares of Potash Corporation of Saskatchewan in a research report on Tuesday, June 20th. Vertical Research raised Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating in a research report on Friday, May 19th. Stifel Nicolaus reissued a “buy” rating and set a $19.00 price target (down from $20.00) on shares of Potash Corporation of Saskatchewan in a research report on Monday, July 10th. Zacks Investment Research lowered Potash Corporation of Saskatchewan from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, BMO Capital Markets reissued a “hold” rating and set a $17.00 price target on shares of Potash Corporation of Saskatchewan in a research report on Friday, July 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target 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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