Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,372,359 shares of the fertilizer maker’s stock after selling 47,066 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.28% of Potash Corporation of Saskatchewan worth $38,636,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of POT. MUFG Securities EMEA plc acquired a new position in Potash Corporation of Saskatchewan during the first quarter valued at $255,000. Capital One National Association increased its position in shares of Potash Corporation of Saskatchewan by 23.8% in the first quarter. Capital One National Association now owns 16,465 shares of the fertilizer maker’s stock worth $281,000 after buying an additional 3,163 shares during the period. Parnassus Investments CA increased its position in shares of Potash Corporation of Saskatchewan by 21.4% in the first quarter. Parnassus Investments CA now owns 1,700,000 shares of the fertilizer maker’s stock worth $29,036,000 after buying an additional 300,000 shares during the period. OLD National Bancorp IN increased its position in shares of Potash Corporation of Saskatchewan by 35.6% in the first quarter. OLD National Bancorp IN now owns 20,062 shares of the fertilizer maker’s stock worth $343,000 after buying an additional 5,263 shares during the period. Finally, Heartland Advisors Inc. increased its position in shares of Potash Corporation of Saskatchewan by 2.1% in the first quarter. Heartland Advisors Inc. now owns 363,226 shares of the fertilizer maker’s stock worth $6,204,000 after buying an additional 7,633 shares during the period. 56.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of Potash Corporation of Saskatchewan Inc. (POT) opened at 17.28 on Monday. The firm has a market capitalization of $14.52 billion, a PE ratio of 30.42 and a beta of 0.46. The company has a 50-day moving average of $17.56 and a 200-day moving average of $17.13. Potash Corporation of Saskatchewan Inc. has a 52 week low of $15.72 and a 52 week high of $20.26.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly earnings data 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. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $982.05 million. During the same period in the previous year, the business earned $0.18 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis. On average, equities analysts forecast that Potash Corporation of Saskatchewan Inc. will post $0.62 earnings per share for the current fiscal year.

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A number of equities research analysts have weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $20.50 price target on shares of Potash Corporation of Saskatchewan in a research report on Friday, August 11th. Cowen and Company set a $16.00 price target on shares of Potash Corporation of Saskatchewan and gave the company a “hold” rating in a research report on Thursday, July 27th. Raymond James Financial, Inc. lifted their price target on shares of Potash Corporation of Saskatchewan from $17.00 to $19.00 and gave the company a “market perform” rating in a research report on Monday, May 1st. Zacks Investment Research cut shares of Potash Corporation of Saskatchewan from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Vertical Research upgraded shares of Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating in a research report on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $18.18.

About Potash Corporation of Saskatchewan

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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