Horseman Capital Management Ltd Sells 131,500 Shares of Potash Co. of Saskatchewan (POT)
Horseman Capital Management Ltd trimmed its position in shares of Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,220,700 shares of the fertilizer maker’s stock after selling 131,500 shares during the quarter. Potash Co. of Saskatchewan makes up approximately 5.3% of Horseman Capital Management Ltd’s holdings, making the stock its 4th largest position. Horseman Capital Management Ltd’s holdings in Potash Co. of Saskatchewan were worth $25,207,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of POT. Cerebellum GP LLC bought a new stake in Potash Co. of Saskatchewan during the 4th quarter valued at approximately $130,000. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Potash Co. of Saskatchewan by 5,642.7% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 7,523 shares of the fertilizer maker’s stock worth $143,000 after purchasing an additional 7,392 shares in the last quarter. Price Wealth Management Inc. bought a new stake in shares of Potash Co. of Saskatchewan in the 4th quarter worth approximately $143,000. Valeo Financial Advisors LLC bought a new stake in shares of Potash Co. of Saskatchewan in the 3rd quarter worth approximately $150,000. Finally, Cetera Investment Advisers bought a new stake in shares of Potash Co. of Saskatchewan in the 2nd quarter worth approximately $174,000. 59.60% of the stock is currently owned by institutional investors and hedge funds.
POT has been the topic of a number of analyst reports. UBS Group boosted their price target on Potash Co. of Saskatchewan from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Stephens initiated coverage on Potash Co. of Saskatchewan in a research report on Monday, December 4th. They issued an “overweight” rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. Potash Co. of Saskatchewan currently has a consensus rating of “Buy” and an average price target of $20.39.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Friday, December 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.94%. Potash Co. of Saskatchewan’s payout ratio is currently 75.47%.
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Potash Co. 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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