1,098,118 Shares in Potash Corporation of Saskatchewan Inc. (POT) Acquired by Barings LLC

Barings LLC purchased a new position in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,098,118 shares of the fertilizer maker’s stock, valued at approximately $18,756,000. Barings LLC owned approximately 0.13% of Potash Corporation of Saskatchewan at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Financial Architects Inc raised its stake in 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 in the last quarter. Sowell Financial Services LLC purchased a new stake in Potash Corporation of Saskatchewan during the fourth quarter worth approximately $120,000. WFG Advisors LP raised its stake in Potash Corporation of Saskatchewan by 356.3% in the fourth quarter. WFG Advisors LP now owns 5,088 shares of the fertilizer maker’s stock worth $160,000 after buying an additional 3,973 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in Potash Corporation of Saskatchewan during the first quarter worth approximately $178,000. Finally, Levin Capital Strategies L.P. purchased a new stake in Potash Corporation of Saskatchewan during the fourth quarter worth approximately $181,000. Institutional investors own 59.31% of the company’s stock.

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

Shares of Potash Corporation of Saskatchewan Inc. (POT) traded down 1.85% during mid-day trading on Tuesday, reaching $16.41. 4,133,656 shares of the company traded hands. Potash Corporation of Saskatchewan Inc. has a 52 week low of $15.21 and a 52 week high of $20.26. The firm has a 50 day moving average of $16.50 and a 200-day moving average of $17.56. The stock has a market capitalization of $13.78 billion, a PE ratio of 34.91 and a beta of 0.51.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last issued its quarterly earnings results on Thursday, April 27th. The fertilizer maker reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.08. Potash Corporation of Saskatchewan had a return on equity of 5.52% and a net margin of 9.41%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $999.41 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The company’s revenue was down 8.0% on a year-over-year basis. On average, equities research analysts expect that Potash Corporation of Saskatchewan Inc. will post $0.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Friday, June 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.44%. Potash Corporation of Saskatchewan’s payout ratio is 81.63%.

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Several brokerages have commented on POT. Vetr upgraded shares of Potash Corporation of Saskatchewan from a “buy” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a report on Monday, February 20th. Royal Bank Of Canada restated a “buy” rating and issued a $19.00 price objective on shares of Potash Corporation of Saskatchewan in a report on Monday, April 10th. Raymond James Financial, Inc. upped their price objective on shares of Potash Corporation of Saskatchewan from $17.00 to $19.00 and gave the stock a “market perform” rating in a report on Monday, May 1st. TD Securities restated a “hold” rating and issued a $17.50 price objective on shares of Potash Corporation of Saskatchewan in a report on Friday, April 28th. Finally, Citigroup Inc. decreased their price objective on shares of Potash Corporation of Saskatchewan from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, April 11th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Potash Corporation of Saskatchewan has an average rating of “Hold” and a consensus target price of $17.89.

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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