Envestnet Asset Management Inc. Buys 4,969 Shares of Potash Co. of Saskatchewan (POT)

Envestnet Asset Management Inc. raised its stake in shares of Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) by 5.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 93,744 shares of the fertilizer maker’s stock after purchasing an additional 4,969 shares during the period. Envestnet Asset Management Inc.’s holdings in Potash Co. of Saskatchewan were worth $1,804,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC boosted its stake in shares of Potash Co. of Saskatchewan by 27.2% in the third quarter. Private Advisor Group LLC now owns 42,414 shares of the fertilizer maker’s stock worth $806,000 after acquiring an additional 9,072 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Potash Co. of Saskatchewan by 24.7% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 86,200 shares of the fertilizer maker’s stock worth $1,658,000 after acquiring an additional 17,100 shares during the period. Gould Asset Management LLC CA bought a new position in shares of Potash Co. of Saskatchewan in the third quarter worth about $236,000. Schroder Investment Management Group boosted its stake in shares of Potash Co. of Saskatchewan by 238.0% in the third quarter. Schroder Investment Management Group now owns 9,818,055 shares of the fertilizer maker’s stock worth $236,517,000 after acquiring an additional 6,912,913 shares during the period. Finally, Concourse Capital Management LLC bought a new position in shares of Potash Co. of Saskatchewan in the third quarter worth about $3,901,000. 59.83% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on POT. UBS upped their price objective on Potash Co. of Saskatchewan from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.50 price objective on shares of Potash Co. of Saskatchewan in a research note on Thursday, September 14th. Stephens began coverage on Potash Co. of Saskatchewan in a research note on Monday, December 4th. They issued an “overweight” rating and a $23.00 price objective for the company. TD Securities raised Potash Co. of Saskatchewan from a “hold” rating to a “buy” rating and upped their price objective for the stock from $17.50 to $24.00 in a research note on Thursday, September 28th. Finally, Zacks Investment Research lowered Potash Co. of Saskatchewan from a “hold” rating to a “strong sell” rating in a research note on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $20.25.

Potash Co. of Saskatchewan (POT) opened at $19.63 on Friday. Potash Co. of Saskatchewan has a one year low of $15.74 and a one year high of $20.26. The company has a market capitalization of $16,492.42, a P/E ratio of 39.26, a P/E/G ratio of 4.79 and a beta of 0.45. 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 Co. of Saskatchewan (NYSE:POT) (TSE:POT) last announced its quarterly earnings results on Thursday, October 26th. The fertilizer maker reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). Potash Co. of Saskatchewan had a net margin of 10.21% and a return on equity of 5.01%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the company posted $0.10 earnings per share. Potash Co. of Saskatchewan’s quarterly revenue was up 8.6% on a year-over-year basis. equities analysts anticipate that Potash Co. of Saskatchewan will post 0.63 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, December 29th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Thursday, December 28th. Potash Co. of Saskatchewan’s payout ratio is presently 72.73%.

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

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