NewSquare Capital LLC increased its stake in shares of Potash Corp. of Saskatchewan (NYSE:POT) by 22.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,973 shares of the fertilizer maker’s stock after buying an additional 7,186 shares during the period. NewSquare Capital LLC’s holdings in Potash Corp. of Saskatchewan were worth $633,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Sigma Planning Corp increased its stake in shares of Potash Corp. of Saskatchewan by 0.3% in the second quarter. Sigma Planning Corp now owns 10,589 shares of the fertilizer maker’s stock valued at $172,000 after buying an additional 29 shares in the last quarter. Callahan Advisors LLC increased its stake in shares of Potash Corp. of Saskatchewan by 1.0% in the second quarter. Callahan Advisors LLC now owns 10,200 shares of the fertilizer maker’s stock valued at $166,000 after buying an additional 100 shares in the last quarter. Community Bank N.A. increased its stake in shares of Potash Corp. of Saskatchewan by 0.4% in the second quarter. Community Bank N.A. now owns 35,243 shares of the fertilizer maker’s stock valued at $572,000 after buying an additional 150 shares in the last quarter. Bollard Group LLC increased its stake in shares of Potash Corp. of Saskatchewan by 1.2% in the second quarter. Bollard Group LLC now owns 15,521 shares of the fertilizer maker’s stock valued at $252,000 after buying an additional 187 shares in the last quarter. Finally, Macnealy Hoover Investment Management Inc. increased its stake in shares of Potash Corp. of Saskatchewan by 2.9% in the second quarter. Macnealy Hoover Investment Management Inc. now owns 17,475 shares of the fertilizer maker’s stock valued at $284,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 60.34% of the company’s stock.

Shares of Potash Corp. of Saskatchewan (NYSE:POT) traded down 0.13% during mid-day trading on Tuesday, hitting $15.94. The company had a trading volume of 10,816,991 shares. The firm has a market cap of $13.38 billion, a PE ratio of 19.68 and a beta of 0.92. Potash Corp. of Saskatchewan has a 12-month low of $14.64 and a 12-month high of $22.37. The firm’s 50 day moving average is $16.55 and its 200-day moving average is $16.85.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 12th will be given a $0.10 dividend. The ex-dividend date is Friday, October 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.51%. Potash Corp. of Saskatchewan’s dividend payout ratio is currently 123.46%.

Several brokerages have recently issued reports on POT. Zacks Investment Research upgraded Potash Corp. of Saskatchewan from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Vetr downgraded Potash Corp. of Saskatchewan from a “hold” rating to a “sell” rating and set a $16.44 price objective on the stock. in a research report on Tuesday, June 14th. Morgan Stanley restated a “hold” rating and issued a $19.00 price objective on shares of Potash Corp. of Saskatchewan in a research report on Thursday, June 16th. Stifel Nicolaus downgraded Potash Corp. of Saskatchewan from a “buy” rating to a “hold” rating in a research report on Tuesday, May 31st. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Potash Corp. of Saskatchewan in a research report on Monday, August 1st. Seven 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’s stock. The company has an average rating of “Hold” and a consensus price target of $17.43.

About Potash Corp. of Saskatchewan

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

Want to see what other hedge funds are holding POT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Potash Corp. of Saskatchewan (NYSE:POT).

Receive News & Ratings for Potash Corp. of Saskatchewan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potash Corp. of Saskatchewan and related companies with Analyst Ratings Network's FREE daily email newsletter.