Candriam Luxembourg S.C.A. Has $238,000 Holdings in Potash Corporation of Saskatchewan Inc. (POT)

Candriam Luxembourg S.C.A. reduced its stake in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 96.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,382 shares of the fertilizer maker’s stock after selling 356,165 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Potash Corporation of Saskatchewan were worth $238,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. San Francisco Sentry Investment Group CA purchased a new position in shares of Potash Corporation of Saskatchewan during the 2nd quarter worth $104,000. Financial Architects Inc grew its holdings in shares of Potash Corporation of Saskatchewan by 11.7% during the 2nd quarter. Financial Architects Inc now owns 6,700 shares of the fertilizer maker’s stock worth $109,000 after purchasing an additional 700 shares during the period. Cornerstone Advisors Inc. grew its holdings in shares of Potash Corporation of Saskatchewan by 1.8% during the 2nd quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock worth $110,000 after purchasing an additional 122 shares during the period. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Potash Corporation of Saskatchewan by 5,642.7% during 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 during the period. Finally, Bessemer Group Inc. grew its holdings in shares of Potash Corporation of Saskatchewan by 126.8% during the 2nd quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock worth $162,000 after purchasing an additional 5,530 shares during the period. Institutional investors own 57.72% of the company’s stock.

Potash Corporation of Saskatchewan Inc. (NYSE:POT) opened at $19.32 on Wednesday. The stock has a market capitalization of $16,021.93, a P/E ratio of 38.14, a P/E/G ratio of 4.66 and a beta of 0.46. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.50 and a current ratio of 0.99. Potash Corporation of Saskatchewan Inc. has a 12 month low of $15.74 and a 12 month high of $20.26.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly earnings results on Thursday, October 26th. The fertilizer maker reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Potash Corporation of Saskatchewan had a return on equity of 5.01% and a net margin of 10.21%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 EPS. analysts expect that Potash Corporation of Saskatchewan Inc. will post 0.63 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Friday, September 29th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.07%. Potash Corporation of Saskatchewan’s dividend payout ratio is presently 72.73%.

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A number of equities analysts have recently weighed in on POT shares. Cowen and Company set a $16.00 price target on Potash Corporation of Saskatchewan and gave the stock a “hold” rating in a report on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating and set a $19.00 target price on shares of Potash Corporation of Saskatchewan in a research note on Friday, July 28th. Stifel Nicolaus reissued a “buy” rating and set a $20.50 target price on shares of Potash Corporation of Saskatchewan in a research note on Friday, August 11th. BMO Capital Markets reissued a “hold” rating on shares of Potash Corporation of Saskatchewan in a research note on Sunday, August 13th. Finally, TD Securities raised Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating and increased their target price for the stock from $17.50 to $24.00 in a research note on Thursday, September 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Potash Corporation of Saskatchewan presently has a consensus rating of “Buy” and an average target price of $19.94.

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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