Fruth Investment Management Sells 300 Shares of Potash Corporation of Saskatchewan Inc. (POT)

Fruth Investment Management reduced its stake in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,000 shares of the fertilizer maker’s stock after selling 300 shares during the period. Fruth Investment Management’s holdings in Potash Corporation of Saskatchewan were worth $342,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. First Eagle Investment Management LLC raised its stake in shares of Potash Corporation of Saskatchewan by 21.9% in the first quarter. First Eagle Investment Management LLC now owns 40,768,071 shares of the fertilizer maker’s stock valued at $696,319,000 after buying an additional 7,315,190 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Potash Corporation of Saskatchewan by 17.3% in the first quarter. Bank of Montreal Can now owns 18,836,468 shares of the fertilizer maker’s stock valued at $321,727,000 after buying an additional 2,774,033 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Potash Corporation of Saskatchewan during the first quarter valued at about $33,499,000. Macquarie Group Ltd. raised its stake in shares of Potash Corporation of Saskatchewan by 282.8% in the first quarter. Macquarie Group Ltd. now owns 2,557,145 shares of the fertilizer maker’s stock valued at $43,676,000 after buying an additional 1,889,145 shares during the last quarter. Finally, Horseman Capital Management Ltd acquired a new stake in shares of Potash Corporation of Saskatchewan during the first quarter valued at about $29,463,000. Hedge funds and other institutional investors own 59.11% of the company’s stock.

Shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) traded up 0.028% during mid-day trading on Thursday, hitting $17.975. 927,130 shares of the stock were exchanged. The stock’s 50-day moving average is $16.75 and its 200-day moving average is $17.31. Potash Corporation of Saskatchewan Inc. has a 52 week low of $15.21 and a 52 week high of $20.27. The stock has a market capitalization of $15.10 billion, a price-to-earnings ratio of 38.245 and a beta of 0.44.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly earnings data on Thursday, April 27th. The fertilizer maker reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08. Potash Corporation of Saskatchewan had a net margin of 9.41% and a return on equity of 5.52%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $999.41 million. During the same period last year, the business earned $0.15 earnings per share. Potash Corporation of Saskatchewan’s revenue was down 8.0% compared to the same quarter last year. Analysts forecast that Potash Corporation of Saskatchewan Inc. will post $0.62 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Friday, June 30th will be given a $0.10 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.23%. Potash Corporation of Saskatchewan’s dividend payout ratio (DPR) is currently 81.63%.

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Several equities research analysts have issued reports on POT shares. Scotiabank upgraded shares of Potash Corporation of Saskatchewan from a “sector perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research note on Monday, July 10th. Zacks Investment Research lowered shares of Potash Corporation of Saskatchewan from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Royal Bank Of Canada reiterated a “buy” rating and issued a $19.00 price target on shares of Potash Corporation of Saskatchewan in a research note on Wednesday, May 17th. Vertical Research upgraded shares of Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating in a research note on Friday, May 19th. Finally, Citigroup Inc. lowered their price target on shares of Potash Corporation of Saskatchewan from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 11th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently 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.

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

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