Potash Corporation of Saskatchewan Inc. (POT) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its position in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 16.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,151,446 shares of the fertilizer maker’s stock after selling 221,607 shares during the period. Russell Investments Group Ltd. owned approximately 0.14% of Potash Corporation of Saskatchewan worth $18,745,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Architects Inc raised its position in shares of Potash Corporation of Saskatchewan by 1.7% in the first quarter. Financial Architects Inc now owns 6,000 shares of the fertilizer maker’s stock worth $102,000 after buying an additional 100 shares in the last quarter. Lowe Wealth Advisors LLC raised its position in shares of Potash Corporation of Saskatchewan by 12.7% in the second quarter. Lowe Wealth Advisors LLC now owns 7,520 shares of the fertilizer maker’s stock worth $123,000 after buying an additional 845 shares in the last quarter. Marshall Wace North America L.P. bought a new position in shares of Potash Corporation of Saskatchewan during the first quarter worth approximately $178,000. Sigma Planning Corp raised its position in shares of Potash Corporation of Saskatchewan by 13.3% in the first quarter. Sigma Planning Corp now owns 11,662 shares of the fertilizer maker’s stock worth $199,000 after buying an additional 1,367 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Potash Corporation of Saskatchewan during the first quarter worth approximately $200,000. 59.07% of the stock is owned by institutional investors and hedge funds.

Shares of Potash Corporation of Saskatchewan Inc. (POT) traded up 0.0402% during midday trading on Tuesday, reaching $17.6671. 2,230,962 shares of the company were exchanged. The company has a 50 day moving average price of $17.09 and a 200-day moving average price of $17.26. Potash Corporation of Saskatchewan Inc. has a 12-month low of $15.48 and a 12-month high of $20.27. The stock has a market capitalization of $14.84 billion, a P/E ratio of 31.1040 and a beta of 0.46.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last posted its quarterly 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 business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $982.05 million. Potash Corporation of Saskatchewan had a return on equity of 5.19% and a net margin of 11.07%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.18 earnings per share. On average, analysts forecast that Potash Corporation of Saskatchewan Inc. will post $0.60 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Friday, June 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.27%. Potash Corporation of Saskatchewan’s payout ratio is 67.80%.

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A number of research analysts have recently commented on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $17.00 price objective on shares of Potash Corporation of Saskatchewan in a research report on Friday, July 7th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $19.00 price objective on shares of Potash Corporation of Saskatchewan in a research report on Monday, April 10th. Raymond James Financial, Inc. upped their price objective on shares of Potash Corporation of Saskatchewan from $17.00 to $19.00 and gave the company a “market perform” rating in a research report on Monday, May 1st. TD Securities reissued a “hold” rating and issued a $17.50 price target on shares of Potash Corporation of Saskatchewan in a research report on Friday, April 28th. Finally, Citigroup Inc. dropped their price target on shares of Potash Corporation of Saskatchewan from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, April 11th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $18.08.

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.

Want to see what other hedge funds are holding POT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT).

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

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