Bourne Lent Asset Management Inc. raised its position in shares of Potash Co. of Saskatchewan (NYSE:POT) by 39.7% during the second quarter, Holdings Channel reports. The firm owned 75,395 shares of the fertilizer maker’s stock after buying an additional 21,425 shares during the period. Potash Co. of Saskatchewan makes up 1.0% of Bourne Lent Asset Management Inc.’s portfolio, making the stock its 20th largest position. Bourne Lent Asset Management Inc.’s holdings in Potash Co. of Saskatchewan were worth $1,224,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of POT. Lazard Asset Management LLC increased its stake in Potash Co. of Saskatchewan by 16.7% in the first quarter. Lazard Asset Management LLC now owns 7,000 shares of the fertilizer maker’s stock worth $119,000 after buying an additional 1,000 shares during the period. Huntington Asset Advisors Inc. acquired a new stake in Potash Co. of Saskatchewan during the first quarter worth about $124,000. Financial Architects Inc increased its stake in Potash Co. of Saskatchewan by 252.2% in the second quarter. Financial Architects Inc now owns 8,100 shares of the fertilizer maker’s stock worth $132,000 after buying an additional 5,800 shares during the period. Callahan Advisors LLC increased its stake in Potash Co. of Saskatchewan by 1.0% in the second quarter. Callahan Advisors LLC now owns 10,200 shares of the fertilizer maker’s stock worth $166,000 after buying an additional 100 shares during the period. Finally, Sigma Planning Corp increased its stake in Potash Co. of Saskatchewan by 0.3% in the second quarter. Sigma Planning Corp now owns 10,589 shares of the fertilizer maker’s stock worth $172,000 after buying an additional 29 shares during the period. Institutional investors own 58.84% of the company’s stock.

Potash Co. of Saskatchewan (NYSE:POT) traded up 0.94% during mid-day trading on Wednesday, hitting $16.09. The stock had a trading volume of 8,086,294 shares. The company’s 50 day moving average price is $16.55 and its 200 day moving average price is $16.85. Potash Co. of Saskatchewan has a 52 week low of $14.64 and a 52 week high of $22.37. The firm has a market cap of $13.51 billion, a PE ratio of 19.86 and a beta of 0.92.

Potash Co. of Saskatchewan (NYSE:POT) last issued its earnings results on Thursday, July 28th. The fertilizer maker reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Potash Co. of Saskatchewan had a return on equity of 9.17% and a net margin of 13.20%. The business earned $1.05 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company earned $0.50 EPS. The firm’s revenue was down 39.2% compared to the same quarter last year. Analysts anticipate that Potash Co. of Saskatchewan will post $0.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 12th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.40 annualized dividend and a yield of 2.49%. Potash Co. of Saskatchewan’s dividend payout ratio is currently 123.46%.

A number of research firms have recently issued reports on POT. Vetr downgraded shares of Potash Co. of Saskatchewan from a “buy” rating to a “hold” rating and set a $17.36 price objective on the stock. in a report on Tuesday, September 6th. Sanford C. Bernstein set a $19.00 target price on shares of Potash Co. of Saskatchewan and gave the company a “buy” rating in a research note on Tuesday, August 30th. Stifel Nicolaus cut shares of Potash Co. of Saskatchewan from a “buy” rating to a “hold” rating in a research note on Tuesday, May 31st. Cleveland Research reissued a “neutral” rating on shares of Potash Co. of Saskatchewan in a research note on Wednesday, September 14th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Potash Co. of Saskatchewan from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. Seven research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.43.

Potash Co. of Saskatchewan Company Profile

Potash Corporation of Saskatchewan Inc is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. It owns and operates approximately five potash operations in Saskatchewan and one in New Brunswick.

5 Day Chart for NYSE:POT

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