Chesapeake Asset Management LLC raised its position in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 87.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 113,076 shares of the fertilizer maker’s stock after purchasing an additional 52,751 shares during the period. Potash Corporation of Saskatchewan accounts for approximately 2.0% of Chesapeake Asset Management LLC’s portfolio, making the stock its 16th biggest holding. Chesapeake Asset Management LLC’s holdings in Potash Corporation of Saskatchewan were worth $2,176,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in shares of Potash Corporation of Saskatchewan by 61.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,235,025 shares of the fertilizer maker’s stock worth $38,174,000 after acquiring an additional 849,375 shares during the last quarter. State Street Corp increased its stake in shares of Potash Corporation of Saskatchewan by 10.5% in the 1st quarter. State Street Corp now owns 1,142,590 shares of the fertilizer maker’s stock worth $19,515,000 after acquiring an additional 108,295 shares during the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of Potash Corporation of Saskatchewan in the 2nd quarter worth $2,221,000. Lowe Wealth Advisors LLC increased its stake in shares of 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 worth $123,000 after acquiring an additional 845 shares during the last quarter. Finally, Livingston Group Asset Management CO operating as Southport Capital Management increased its stake in shares of Potash Corporation of Saskatchewan by 47.7% in the 2nd quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 1,028,476 shares of the fertilizer maker’s stock worth $16,764,000 after acquiring an additional 332,131 shares during the last quarter. Institutional investors own 57.71% of the company’s stock.

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A number of analysts recently issued reports on POT shares. HSBC Holdings plc started coverage on Potash Corporation of Saskatchewan in a research report on Wednesday, October 11th. They set a “buy” rating and a $24.25 price objective for the company. BMO Capital Markets reissued a “market perform” rating and set a $17.50 price objective (up from $17.00) on shares of Potash Corporation of Saskatchewan in a research report on Friday, October 6th. Stifel Nicolaus reissued a “buy” rating and set a $20.50 price objective on shares of Potash Corporation of Saskatchewan in a research report on Friday, August 11th. Royal Bank Of Canada reissued a “buy” rating and set a $20.00 price objective on shares of Potash Corporation of Saskatchewan in a research report on Wednesday, October 18th. Finally, Cowen and Company reaffirmed a “hold” rating on shares of Potash Corporation of Saskatchewan in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $19.94.

Potash Corporation of Saskatchewan Inc. (NYSE POT) traded down $0.09 during mid-day trading on Monday, reaching $19.07. The company had a trading volume of 3,168,300 shares, compared to its average volume of 4,936,321. The stock has a market capitalization of $16,010.00, a PE ratio of 38.14, a price-to-earnings-growth ratio of 4.78 and a beta of 0.46. Potash Corporation of Saskatchewan Inc. has a 12-month low of $15.74 and a 12-month high of $20.26. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.50 and a current ratio of 0.99.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly earnings results on Thursday, October 26th. The fertilizer maker reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.03 billion. Potash Corporation of Saskatchewan had a return on equity of 5.01% and a net margin of 10.21%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.10 EPS. research analysts predict that Potash Corporation of Saskatchewan Inc. will post 0.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.10%. The ex-dividend date was Thursday, September 28th. Potash Corporation of Saskatchewan’s dividend payout ratio (DPR) is 75.47%.

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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