AGF Investments Inc. lessened its holdings in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 17.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 303,671 shares of the fertilizer maker’s stock after selling 64,295 shares during the quarter. AGF Investments Inc.’s holdings in Potash Corporation of Saskatchewan were worth $4,955,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of POT. Wells Fargo & Company MN increased its holdings in Potash Corporation of Saskatchewan by 4.8% in the 1st quarter. Wells Fargo & Company MN now owns 1,213,734 shares of the fertilizer maker’s stock worth $20,731,000 after buying an additional 55,430 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in Potash Corporation of Saskatchewan by 1.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 12,504 shares of the fertilizer maker’s stock worth $216,000 after buying an additional 200 shares during the period. Comerica Bank increased its holdings in Potash Corporation of Saskatchewan by 1.1% in the 1st quarter. Comerica Bank now owns 51,656 shares of the fertilizer maker’s stock worth $879,000 after buying an additional 567 shares during the period. World Asset Management Inc increased its holdings in Potash Corporation of Saskatchewan by 1.6% in the 1st quarter. World Asset Management Inc now owns 52,313 shares of the fertilizer maker’s stock worth $894,000 after buying an additional 813 shares during the period. Finally, Karp Capital Management Corp acquired a new position in Potash Corporation of Saskatchewan in the 1st quarter worth approximately $4,509,000. Institutional investors own 56.97% of the company’s stock.

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Several brokerages recently weighed in on POT. BMO Capital Markets reiterated a “hold” rating and issued a $17.00 price target on shares of Potash Corporation of Saskatchewan in a report on Friday, July 7th. Cowen and Company reaffirmed a “hold” rating on shares of Potash Corporation of Saskatchewan in a research note on Friday, September 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $19.00 price objective on shares of Potash Corporation of Saskatchewan in a research note on Wednesday, May 17th. Zacks Investment Research cut shares of Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $20.50 price objective on shares of Potash Corporation of Saskatchewan in a research note on Friday, August 11th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $18.18.

Potash Corporation of Saskatchewan Inc. (NYSE POT) opened at 17.75 on Friday. Potash Corporation of Saskatchewan Inc. has a one year low of $15.72 and a one year high of $20.27. The firm has a 50-day moving average price of $17.56 and a 200-day moving average price of $17.03. The stock has a market cap of $14.91 billion, a price-to-earnings ratio of 31.25 and a beta of 0.48.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last posted its earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $982.05 million. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the company posted $0.18 EPS. On average, equities analysts predict that Potash Corporation of Saskatchewan Inc. will post $0.63 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.25%. The ex-dividend date is Thursday, September 28th. Potash Corporation of Saskatchewan’s dividend payout ratio (DPR) is 67.80%.

Potash Corporation of Saskatchewan 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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