Aperio Group LLC raised its position in Potash Corp. of Saskatchewan (NYSE:POT) (TSE:POT) by 15.7% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 292,981 shares of the fertilizer maker’s stock after buying an additional 39,685 shares during the period. Aperio Group LLC’s holdings in Potash Corp. of Saskatchewan were worth $4,781,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Carmignac Gestion purchased a new stake in shares of Potash Corp. of Saskatchewan during the third quarter valued at approximately $198,721,000. FMR LLC increased its stake in shares of Potash Corp. of Saskatchewan by 43.8% in the second quarter. FMR LLC now owns 22,471,952 shares of the fertilizer maker’s stock valued at $365,270,000 after buying an additional 6,845,756 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of Potash Corp. of Saskatchewan during the second quarter valued at approximately $104,388,000. CGOV Asset Management purchased a new stake in shares of Potash Corp. of Saskatchewan during the third quarter valued at approximately $59,144,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Potash Corp. of Saskatchewan by 239.4% in the second quarter. Bank of New York Mellon Corp now owns 3,687,854 shares of the fertilizer maker’s stock valued at $59,889,000 after buying an additional 2,601,286 shares during the period. Institutional investors and hedge funds own 59.18% of the company’s stock.

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

Potash Corp. of Saskatchewan (NYSE:POT) traded up 3.87% during trading on Wednesday, hitting $18.23. 10,600,923 shares of the stock were exchanged. The stock has a market capitalization of $15.31 billion, a price-to-earnings ratio of 31.98 and a beta of 0.61. The firm has a 50-day moving average of $16.79 and a 200-day moving average of $16.61. Potash Corp. of Saskatchewan has a 52 week low of $14.64 and a 52 week high of $20.43.

Potash Corp. of Saskatchewan (NYSE:POT) last posted its quarterly earnings results on Thursday, October 27th. The fertilizer maker reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Potash Corp. of Saskatchewan had a net margin of 10.06% and a return on equity of 6.94%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm posted $0.34 earnings per share. The company’s quarterly revenue was down 25.7% compared to the same quarter last year. Equities research analysts anticipate that Potash Corp. of Saskatchewan will post $0.50 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 2nd. Shareholders of record on Thursday, January 12th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Tuesday, January 10th. Potash Corp. of Saskatchewan’s dividend payout ratio (DPR) is currently 70.18%.

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POT has been the subject of several research analyst reports. Vetr upgraded shares of Potash Corp. of Saskatchewan from a “buy” rating to a “strong-buy” rating and set a $21.00 price target for the company in a research report on Thursday, September 22nd. RBC Capital Markets upgraded shares of Potash Corp. of Saskatchewan from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $15.00 to $19.00 in a research report on Friday, October 7th. Zacks Investment Research downgraded shares of Potash Corp. of Saskatchewan from a “hold” rating to a “sell” rating in a research report on Tuesday, October 18th. Sanford C. Bernstein set a $19.00 target price on shares of Potash Corp. of Saskatchewan and gave the stock a “buy” rating in a research report on Tuesday, August 30th. Finally, Edward Jones upgraded shares of Potash Corp. of Saskatchewan from a “hold” rating to a “buy” rating in a research report on Friday, August 19th. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. Potash Corp. of Saskatchewan has an average rating of “Hold” and a consensus price target of $16.99.

Potash Corp. of Saskatchewan Company Profile

Potash Corporation of Saskatchewan Inc is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. It owns and operates approximately five potash operations in Saskatchewan and one in New Brunswick.

5 Day Chart for NYSE:POT

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