Neuberger Berman Group LLC lowered its holdings in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 75.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,019 shares of the fertilizer maker’s stock after selling 97,152 shares during the quarter. Neuberger Berman Group LLC’s holdings in Potash Corporation of Saskatchewan were worth $522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. Airain ltd purchased a new position in shares of Potash Corporation of Saskatchewan in the second quarter worth $2,664,000. Usca Ria LLC raised its stake in shares of Potash Corporation of Saskatchewan by 5.1% in the second quarter. Usca Ria LLC now owns 40,269 shares of the fertilizer maker’s stock worth $656,000 after purchasing an additional 1,937 shares during the last quarter. Aviva PLC raised its stake in shares of Potash Corporation of Saskatchewan by 1.2% in the second quarter. Aviva PLC now owns 528,070 shares of the fertilizer maker’s stock worth $8,598,000 after purchasing an additional 6,180 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Potash Corporation of Saskatchewan by 1.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,339,881 shares of the fertilizer maker’s stock worth $38,094,000 after purchasing an additional 24,432 shares during the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Potash Corporation of Saskatchewan in the second quarter worth $2,350,000. Hedge funds and other institutional investors own 56.97% of the company’s stock.

Shares of Potash Corporation of Saskatchewan Inc. (NYSE POT) opened at 19.28 on Friday. The firm’s 50-day moving average price is $17.71 and its 200 day moving average price is $17.06. The company has a market cap of $16.20 billion, a price-to-earnings ratio of 33.94 and a beta of 0.48. Potash Corporation of Saskatchewan Inc. has a 12-month low of $15.72 and a 12-month high of $20.27.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly earnings data on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $982.05 million. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The business’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, analysts predict that Potash Corporation of Saskatchewan Inc. will post $0.63 earnings per share for the current year.

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.07%. Potash Corporation of Saskatchewan’s payout ratio is currently 67.80%.

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Several research firms have recently weighed in on POT. Royal Bank Of Canada boosted their price target on Potash Corporation of Saskatchewan from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Stifel Nicolaus restated a “buy” rating and issued a $20.50 price target on shares of Potash Corporation of Saskatchewan in a research note on Thursday, September 14th. Cowen and Company reaffirmed a “hold” rating on shares of Potash Corporation of Saskatchewan in a report on Friday, September 1st. BMO Capital Markets reaffirmed a “hold” rating on shares of Potash Corporation of Saskatchewan in a report on Sunday, August 13th. Finally, Zacks Investment Research lowered Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Potash Corporation of Saskatchewan has a consensus rating of “Hold” and a consensus price target of $18.25.

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.

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

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