Jarislowsky Fraser Ltd Has $518.54 Million Position in Potash Corporation of Saskatchewan Inc. (POT)

Jarislowsky Fraser Ltd increased its holdings in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 42.5% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 26,998,779 shares of the fertilizer maker’s stock after buying an additional 8,052,975 shares during the quarter. Potash Corporation of Saskatchewan comprises approximately 3.1% of Jarislowsky Fraser Ltd’s portfolio, making the stock its 9th biggest position. Jarislowsky Fraser Ltd owned about 3.21% of Potash Corporation of Saskatchewan worth $518,539,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Perigon Wealth Management LLC increased its holdings in Potash Corporation of Saskatchewan by 35.2% in the 2nd quarter. Perigon Wealth Management LLC now owns 25,177 shares of the fertilizer maker’s stock worth $413,000 after buying an additional 6,553 shares in the last quarter. Kempen Capital Management N.V. increased its holdings 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 worth $23,534,000 after buying an additional 54,950 shares in the last quarter. Greenwood Capital Associates LLC increased its holdings in Potash Corporation of Saskatchewan by 74.6% in the 2nd quarter. Greenwood Capital Associates LLC now owns 241,775 shares of the fertilizer maker’s stock worth $3,941,000 after buying an additional 103,307 shares in the last quarter. Blair William & Co. IL increased its holdings in Potash Corporation of Saskatchewan by 6.4% in the 2nd quarter. Blair William & Co. IL now owns 85,463 shares of the fertilizer maker’s stock worth $1,393,000 after buying an additional 5,105 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in Potash Corporation of Saskatchewan by 2,582.5% in the 2nd quarter. Schroder Investment Management Group now owns 2,905,142 shares of the fertilizer maker’s stock worth $61,327,000 after buying an additional 2,796,842 shares in the last quarter. Institutional investors own 57.71% of the company’s stock.

Shares of Potash Corporation of Saskatchewan Inc. (NYSE POT) traded down $0.09 during trading hours on Monday, hitting $19.07. The company had a trading volume of 3,168,300 shares, compared to its average volume of 4,936,321. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 0.44. 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 market cap of $16,070.00, a P/E ratio of 38.14, a PEG ratio of 4.78 and a beta of 0.46.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last posted its quarterly earnings results on Thursday, October 26th. The fertilizer maker reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). Potash Corporation of Saskatchewan had a return on equity of 5.01% and a net margin of 10.21%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the firm posted $0.10 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. research analysts predict that Potash Corporation of Saskatchewan Inc. will post 0.61 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Friday, September 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.10%. Potash Corporation of Saskatchewan’s dividend payout ratio is presently 75.47%.

A number of research firms have issued reports on POT. Zacks Investment Research downgraded Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Cowen and Company set a $16.00 price target on Potash Corporation of Saskatchewan and gave the company a “hold” rating in a research note on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and set a $19.00 price target on shares of Potash Corporation of Saskatchewan in a research note on Friday, July 28th. Stifel Nicolaus restated a “buy” rating and set a $20.50 price target on shares of Potash Corporation of Saskatchewan in a research note on Friday, August 11th. Finally, BMO Capital Markets restated a “hold” rating on shares of Potash Corporation of Saskatchewan in a research note on Sunday, August 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $19.94.

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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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