Partnervest Advisory Services LLC cut its position in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 27.1% during the second quarter, Holdings Channel reports. The institutional investor owned 29,221 shares of the fertilizer maker’s stock after selling 10,849 shares during the period. Partnervest Advisory Services LLC’s holdings in Potash Corporation of Saskatchewan were worth $476,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in POT. Global X Management Co. LLC increased its stake in Potash Corporation of Saskatchewan by 23.3% in the second quarter. Global X Management Co. LLC now owns 42,993 shares of the fertilizer maker’s stock worth $700,000 after buying an additional 8,129 shares in the last quarter. Pictet Asset Management Ltd. increased its stake in Potash Corporation of Saskatchewan by 4.1% in the second quarter. Pictet Asset Management Ltd. now owns 747,173 shares of the fertilizer maker’s stock worth $12,343,000 after buying an additional 29,421 shares in the last quarter. TD Asset Management Inc. increased its stake in Potash Corporation of Saskatchewan by 1.6% in the second quarter. TD Asset Management Inc. now owns 6,422,208 shares of the fertilizer maker’s stock worth $104,589,000 after buying an additional 101,631 shares in the last quarter. IFP Advisors Inc increased its stake in Potash Corporation of Saskatchewan by 0.6% in the second quarter. IFP Advisors Inc now owns 12,289 shares of the fertilizer maker’s stock worth $200,000 after buying an additional 76 shares in the last quarter. Finally, Korea Investment CORP increased its stake in Potash Corporation of Saskatchewan by 1.8% in the second quarter. Korea Investment CORP now owns 52,903 shares of the fertilizer maker’s stock worth $862,000 after buying an additional 954 shares in the last quarter. 59.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of Potash Corporation of Saskatchewan Inc. (NYSE POT) opened at 17.55 on Thursday. The stock’s 50 day moving average price is $17.28 and its 200-day moving average price is $17.25. Potash Corporation of Saskatchewan Inc. has a one year low of $15.72 and a one year high of $20.27. The company has a market cap of $14.74 billion, a PE ratio of 30.90 and a beta of 0.46.

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

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