Potash Corporation of Saskatchewan Inc. (POT) Holdings Cut by Stevens Capital Management LP

Stevens Capital Management LP cut its position in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 12.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,281 shares of the fertilizer maker’s stock after selling 19,915 shares during the quarter. Stevens Capital Management LP’s holdings in Potash Corporation of Saskatchewan were worth $2,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. IFP Advisors Inc lifted its stake in Potash Corporation of Saskatchewan by 0.6% in the 2nd quarter. IFP Advisors Inc now owns 12,289 shares of the fertilizer maker’s stock worth $200,000 after purchasing an additional 76 shares in the last quarter. Cornerstone Advisors Inc. lifted its stake in Potash Corporation of Saskatchewan by 1.8% in the 2nd quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock worth $110,000 after purchasing an additional 122 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Potash Corporation of Saskatchewan by 1.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 12,504 shares of the fertilizer maker’s stock worth $216,000 after purchasing an additional 200 shares in the last quarter. Comerica Bank lifted its stake in Potash Corporation of Saskatchewan by 1.1% in the 1st quarter. Comerica Bank now owns 51,656 shares of the fertilizer maker’s stock worth $879,000 after purchasing an additional 567 shares in the last quarter. Finally, Financial Architects Inc lifted its stake in Potash Corporation of Saskatchewan by 11.7% in the 2nd quarter. Financial Architects Inc now owns 6,700 shares of the fertilizer maker’s stock worth $109,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds own 56.97% of the company’s stock.

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Potash Corporation of Saskatchewan Inc. (POT) opened at 19.08 on Thursday. The company’s 50 day moving average is $17.71 and its 200 day moving average is $17.06. The company has a market cap of $16.03 billion, a price-to-earnings ratio of 33.59 and a beta of 0.48. Potash Corporation of Saskatchewan Inc. has a 12-month low of $15.72 and a 12-month high of $20.27.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $982.05 million. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. Potash Corporation of Saskatchewan’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 EPS. Analysts forecast that Potash Corporation of Saskatchewan Inc. will post $0.63 earnings per share for the current fiscal year.

The firm 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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, September 28th. Potash Corporation of Saskatchewan’s payout ratio is 67.80%.

Several analysts have issued reports on POT shares. Stifel Nicolaus reiterated a “buy” rating and issued a $20.50 target price on shares of Potash Corporation of Saskatchewan in a research note on Thursday, September 14th. Royal Bank Of Canada reiterated a “buy” rating and issued a $19.00 target price on shares of Potash Corporation of Saskatchewan in a research note on Tuesday, June 20th. Cowen and Company set a $16.00 target price on shares of Potash Corporation of Saskatchewan and gave the stock a “hold” rating in a research note on Thursday, July 27th. BMO Capital Markets reiterated a “hold” rating and issued a $17.00 target price on shares of Potash Corporation of Saskatchewan in a research note on Friday, July 7th. Finally, Zacks Investment Research cut shares of Potash Corporation of Saskatchewan from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $18.25.

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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