Perigon Wealth Management LLC boosted its position in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 35.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,177 shares of the fertilizer maker’s stock after purchasing an additional 6,553 shares during the quarter. Perigon Wealth Management LLC’s holdings in Potash Corporation of Saskatchewan were worth $413,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of POT. San Francisco Sentry Investment Group CA bought a new stake in Potash Corporation of Saskatchewan in the 2nd quarter valued at about $104,000. Financial Architects Inc lifted its position in Potash Corporation of Saskatchewan by 11.7% in the 2nd quarter. Financial Architects Inc now owns 6,700 shares of the fertilizer maker’s stock valued at $109,000 after purchasing an additional 700 shares during the last quarter. Cornerstone Advisors Inc. lifted its position in Potash Corporation of Saskatchewan by 1.8% in the 2nd quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock valued at $110,000 after purchasing an additional 122 shares during the last quarter. Lowe Wealth Advisors LLC lifted its position in Potash Corporation of Saskatchewan by 12.7% in the 2nd quarter. Lowe Wealth Advisors LLC now owns 7,520 shares of the fertilizer maker’s stock valued at $123,000 after purchasing an additional 845 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in Potash Corporation of Saskatchewan by 126.8% in the 2nd quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock valued at $162,000 after purchasing an additional 5,530 shares during the last quarter. Hedge funds and other institutional investors own 56.96% of the company’s stock.

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Potash Corporation of Saskatchewan Inc. (POT) opened at 19.27 on Friday. Potash Corporation of Saskatchewan Inc. has a 52 week low of $15.74 and a 52 week high of $20.27. The firm has a market cap of $16.19 billion, a PE ratio of 33.93 and a beta of 0.48. The stock has a 50 day moving average of $18.85 and a 200 day moving average of $17.40.

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 (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $982.05 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts anticipate that Potash Corporation of Saskatchewan Inc. will post $0.63 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th will be given 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 yield of 2.08%. Potash Corporation of Saskatchewan’s payout ratio is presently 67.80%.

Several analysts recently weighed in on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $20.00 price objective on shares of Potash Corporation of Saskatchewan in a research report on Wednesday. HSBC Holdings plc began coverage on shares of Potash Corporation of Saskatchewan in a research report on Wednesday, October 11th. They set a “buy” rating and a $24.25 price target on the stock. BMO Capital Markets restated a “market perform” rating and set a $17.50 price target (up from $17.00) on shares of Potash Corporation of Saskatchewan in a research report on Friday, October 6th. TD Securities upgraded shares of Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating and boosted their price target for the stock from $17.50 to $24.00 in a research report on Thursday, September 28th. Finally, Stifel Nicolaus restated a “buy” rating and set a $20.50 price target on shares of Potash Corporation of Saskatchewan in a research report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Potash Corporation of Saskatchewan has an average rating of “Hold” and an average price target of $19.16.

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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