Potash Corporation of Saskatchewan Inc. (POT) Holdings Trimmed by Wills Financial Group Inc.

Wills Financial Group Inc. lessened its position in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 22.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 35,619 shares of the fertilizer maker’s stock after selling 10,308 shares during the quarter. Wills Financial Group Inc.’s holdings in Potash Corporation of Saskatchewan were worth $581,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Financial Architects Inc increased its position in Potash Corporation of Saskatchewan by 11.7% during 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 period. Cornerstone Advisors Inc. increased its position in Potash Corporation of Saskatchewan by 1.8% during 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 period. Lowe Wealth Advisors LLC increased its position in Potash Corporation of Saskatchewan by 12.7% during 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 period. Bessemer Group Inc. increased its position in Potash Corporation of Saskatchewan by 126.8% during 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 period. Finally, Marshall Wace North America L.P. acquired a new stake in Potash Corporation of Saskatchewan during the 1st quarter valued at approximately $178,000. 56.97% of the stock is owned by institutional investors and hedge funds.

Shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) traded down 0.11% during trading on Friday, hitting $17.75. The company had a trading volume of 3,037,345 shares. The company’s 50 day moving average is $17.56 and its 200 day moving average is $17.03. Potash Corporation of Saskatchewan Inc. has a 1-year low of $15.72 and a 1-year high of $20.27. The firm has a market capitalization of $14.91 billion, a P/E ratio of 31.25 and a beta of 0.48.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last issued 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 firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $982.05 million. Potash Corporation of Saskatchewan had a return on equity of 5.19% and a net margin of 11.07%. Potash Corporation of Saskatchewan’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 earnings per share. Analysts anticipate that Potash Corporation of Saskatchewan Inc. will post $0.63 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, September 29th will be paid a $0.10 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.40 annualized dividend and a yield of 2.25%. Potash Corporation of Saskatchewan’s payout ratio is 67.80%.

A number of research firms have weighed in on POT. Cowen and Company reissued a “hold” rating on shares of Potash Corporation of Saskatchewan in a research report on Friday, September 1st. BMO Capital Markets reissued a “hold” rating on shares of Potash Corporation of Saskatchewan in a research report on Sunday, August 13th. Stifel Nicolaus reissued 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. Royal Bank Of Canada restated a “buy” rating and set a $19.00 price target on shares of Potash Corporation of Saskatchewan in a report on Friday, July 28th. Finally, Zacks Investment Research cut Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Potash Corporation of Saskatchewan presently has an average rating of “Hold” and a consensus target price of $18.18.

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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.

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

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