State Street Corp boosted its stake in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 13.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,296,320 shares of the fertilizer maker’s stock after acquiring an additional 153,730 shares during the period. State Street Corp owned 0.15% of Potash Corporation of Saskatchewan worth $21,131,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Kempen Capital Management N.V. increased its position in Potash Corporation of Saskatchewan by 4.0% in the 2nd quarter. Kempen Capital Management N.V. now owns 1,443,804 shares of the fertilizer maker’s stock valued at $23,534,000 after acquiring an additional 54,950 shares during the period. Greenwood Capital Associates LLC increased its position in Potash Corporation of Saskatchewan by 74.6% during the 2nd quarter. Greenwood Capital Associates LLC now owns 241,775 shares of the fertilizer maker’s stock worth $3,941,000 after purchasing an additional 103,307 shares during the period. Blair William & Co. IL increased its position in Potash Corporation of Saskatchewan by 6.4% during the 2nd quarter. Blair William & Co. IL now owns 85,463 shares of the fertilizer maker’s stock worth $1,393,000 after purchasing an additional 5,105 shares during the period. Schroder Investment Management Group increased its position in Potash Corporation of Saskatchewan by 2,582.5% during the 2nd quarter. Schroder Investment Management Group now owns 2,905,142 shares of the fertilizer maker’s stock worth $61,327,000 after purchasing an additional 2,796,842 shares during the period. Finally, Bridgewater Associates LP acquired a new position in Potash Corporation of Saskatchewan during the 2nd quarter worth approximately $2,597,000. Hedge funds and other institutional investors own 57.71% of the company’s stock.

POT has been the topic of several recent analyst reports. UBS AG boosted their target price on Potash Corporation of Saskatchewan from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. TD Securities upgraded Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating and boosted their target price for the stock from $17.50 to $24.00 in a research report on Thursday, September 28th. Royal Bank Of Canada reiterated a “buy” rating and set a $20.00 target price on shares of Potash Corporation of Saskatchewan in a research report on Wednesday, October 18th. initiated coverage on Potash Corporation of Saskatchewan in a research report on Wednesday, October 11th. They set a “buy” rating and a $24.25 target price on the stock. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $20.50 target price on shares of Potash Corporation of Saskatchewan in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $19.94.

Shares of Potash Corporation of Saskatchewan Inc. (NYSE POT) opened at $19.05 on Friday. Potash Corporation of Saskatchewan Inc. has a 52 week low of $15.74 and a 52 week high of $20.26. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $15,753.07, a P/E ratio of 37.50, a P/E/G ratio of 4.58 and a beta of 0.46.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last posted its earnings results on Thursday, October 26th. The fertilizer maker reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). Potash Corporation of Saskatchewan had a net margin of 10.21% and a return on equity of 5.01%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the company posted $0.10 EPS. Potash Corporation of Saskatchewan’s quarterly revenue was up 8.6% compared to the same quarter last year. equities analysts forecast that Potash Corporation of Saskatchewan Inc. will post 0.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Friday, September 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Thursday, September 28th. Potash Corporation of Saskatchewan’s payout ratio is currently 72.73%.

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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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