Fiera Capital Corp lessened its position in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,135,367 shares of the fertilizer maker’s stock after selling 40,995 shares during the period. Fiera Capital Corp owned approximately 0.14% of Potash Corporation of Saskatchewan worth $18,484,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Financial Architects Inc grew its position in Potash Corporation of Saskatchewan by 11.7% during the second quarter. Financial Architects Inc now owns 6,700 shares of the fertilizer maker’s stock valued at $109,000 after acquiring an additional 700 shares during the period. Cornerstone Advisors Inc. grew its position in Potash Corporation of Saskatchewan by 1.8% during the second quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock valued at $110,000 after acquiring an additional 122 shares during the period. Lowe Wealth Advisors LLC grew its position in Potash Corporation of Saskatchewan by 12.7% during the second quarter. Lowe Wealth Advisors LLC now owns 7,520 shares of the fertilizer maker’s stock valued at $123,000 after acquiring an additional 845 shares during the period. Bessemer Group Inc. grew its position in Potash Corporation of Saskatchewan by 126.8% during the second quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock valued at $162,000 after acquiring an additional 5,530 shares during the period. Finally, Marshall Wace North America L.P. purchased a new stake in Potash Corporation of Saskatchewan during the first quarter valued at about $178,000. 56.97% of the stock is owned by hedge funds and other institutional investors.

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A number of research analysts have commented on POT shares. BMO Capital Markets restated a “hold” rating and set a $17.00 price objective on shares of Potash Corporation of Saskatchewan in a research note on Friday, July 7th. Stifel Nicolaus restated a “buy” rating and set a $20.50 price objective on shares of Potash Corporation of Saskatchewan in a research note on Thursday. Cowen and Company restated a “hold” rating on shares of Potash Corporation of Saskatchewan in a research note on Friday, September 1st. Zacks Investment Research cut Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $18.18.

Potash Corporation of Saskatchewan Inc. (POT) opened at 18.34 on Friday. Potash Corporation of Saskatchewan Inc. has a 12-month low of $15.72 and a 12-month high of $20.27. The company has a market capitalization of $15.41 billion, a price-to-earnings ratio of 32.29 and a beta of 0.48. The stock’s 50 day moving average price is $17.60 and its 200 day moving average price is $17.03.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released 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 company had revenue of $1.12 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 EPS. On average, equities research analysts anticipate that Potash Corporation of Saskatchewan Inc. will post $0.63 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, September 28th. Potash Corporation of Saskatchewan’s dividend payout ratio is 67.80%.

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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