Nomura Asset Management Co. Ltd. continued to hold its stake in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,100 shares of the fertilizer maker’s stock at the end of the first quarter. Nomura Asset Management Co. Ltd.’s holdings in Potash Corporation of Saskatchewan were worth $121,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Financial Architects Inc boosted its stake in shares of Potash Corporation of Saskatchewan by 1.7% in the first quarter. Financial Architects Inc now owns 6,000 shares of the fertilizer maker’s stock worth $102,000 after buying an additional 100 shares during the period. Marshall Wace North America L.P. purchased a new stake in shares of Potash Corporation of Saskatchewan during the first quarter worth about $178,000. Sigma Planning Corp boosted its stake in shares of Potash Corporation of Saskatchewan by 13.3% in the first quarter. Sigma Planning Corp now owns 11,662 shares of the fertilizer maker’s stock worth $199,000 after buying an additional 1,367 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of Potash Corporation of Saskatchewan during the first quarter worth about $200,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Potash Corporation of Saskatchewan by 312.2% in the first quarter. Tower Research Capital LLC TRC now owns 11,867 shares of the fertilizer maker’s stock worth $202,000 after buying an additional 8,988 shares during the period. Institutional investors and hedge funds own 59.07% of the company’s stock.

Potash Corporation of Saskatchewan Inc. (NYSE:POT) opened at 17.65 on Wednesday. The company’s 50-day moving average is $17.19 and its 200 day moving average is $17.27. Potash Corporation of Saskatchewan Inc. has a 1-year low of $15.72 and a 1-year high of $20.27. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 31.07 and a beta of 0.46.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $982.05 million. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. On average, equities analysts predict that Potash Corporation of Saskatchewan Inc. will post $0.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Friday, June 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Wednesday, June 28th. Potash Corporation of Saskatchewan’s dividend payout ratio is presently 67.80%.

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A number of equities research analysts recently issued reports on the stock. BMO Capital Markets reiterated a “hold” rating and set a $17.00 target price on shares of Potash Corporation of Saskatchewan in a research report on Friday, July 7th. Raymond James Financial, Inc. increased their target price on shares of Potash Corporation of Saskatchewan from $17.00 to $19.00 and gave the stock a “market perform” rating in a research report on Monday, May 1st. TD Securities reiterated a “hold” rating and set a $17.50 target price on shares of Potash Corporation of Saskatchewan in a research report on Friday, April 28th. Citigroup Inc. dropped their target price on shares of Potash Corporation of Saskatchewan from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, April 11th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $19.00 target price on shares of Potash Corporation of Saskatchewan in a research report on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.08.

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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