Potash Corporation of Saskatchewan Inc. (NYSE:POT) Shares Bought by Sterneck Capital Management LLC

Sterneck Capital Management LLC raised its stake in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,799 shares of the fertilizer maker’s stock after buying an additional 2,484 shares during the period. Sterneck Capital Management LLC’s holdings in Potash Corporation of Saskatchewan were worth $1,978,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC increased its stake in Potash Corporation of Saskatchewan by 21.9% in the first quarter. First Eagle Investment Management LLC now owns 40,768,071 shares of the fertilizer maker’s stock worth $696,319,000 after buying an additional 7,315,190 shares in the last quarter. Bank of Montreal Can boosted its position in Potash Corporation of Saskatchewan by 17.3% in the first quarter. Bank of Montreal Can now owns 18,836,468 shares of the fertilizer maker’s stock worth $321,727,000 after buying an additional 2,774,033 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new position in Potash Corporation of Saskatchewan during the first quarter worth $33,499,000. Horseman Capital Management Ltd bought a new position in Potash Corporation of Saskatchewan during the first quarter worth $29,463,000. Finally, FMR LLC boosted its position in Potash Corporation of Saskatchewan by 5.0% in the first quarter. FMR LLC now owns 26,859,993 shares of the fertilizer maker’s stock worth $458,893,000 after buying an additional 1,278,861 shares in the last quarter. Institutional investors and hedge funds own 59.31% of the company’s stock.

Potash Corporation of Saskatchewan Inc. (NYSE POT) traded up 0.43% during trading on Friday, hitting $16.31. The stock had a trading volume of 3,246,067 shares. Potash Corporation of Saskatchewan Inc. has a 12-month low of $15.21 and a 12-month high of $20.27. The stock’s 50 day moving average price is $16.49 and its 200 day moving average price is $17.43. The firm has a market cap of $13.70 billion, a P/E ratio of 34.70 and a beta of 0.44.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly earnings results on Thursday, April 27th. The fertilizer maker reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $999.41 million. Potash Corporation of Saskatchewan had a return on equity of 5.52% and a net margin of 9.41%. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. On average, analysts anticipate that Potash Corporation of Saskatchewan Inc. will post $0.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Friday, June 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.45%. Potash Corporation of Saskatchewan’s dividend payout ratio (DPR) is presently 81.63%.

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A number of research analysts recently commented on the company. BMO Capital Markets reissued a “hold” rating and issued a $17.00 price target on shares of Potash Corporation of Saskatchewan in a report on Friday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $19.00 price objective on shares of Potash Corporation of Saskatchewan in a report on Tuesday, June 20th. Vertical Research raised Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating in a research report on Friday, May 19th. Raymond James Financial, Inc. boosted their target price on 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. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $20.00 price objective on shares of Potash Corporation of Saskatchewan in a research report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Potash Corporation of Saskatchewan has an average rating of “Hold” and a consensus target price of $18.20.

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.

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

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