Sanders Morris Harris Inc. raised its stake in shares of Potash Corp. of Saskatchewan (NYSE:POT) by 50.0% during the second quarter, Holdings Channel reports. The fund owned 15,000 shares of the fertilizer maker’s stock after buying an additional 5,000 shares during the period. Sanders Morris Harris Inc.’s holdings in Potash Corp. of Saskatchewan were worth $244,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of POT. Lazard Asset Management LLC boosted its stake in shares of Potash Corp. of Saskatchewan by 16.7% in the first quarter. Lazard Asset Management LLC now owns 7,000 shares of the fertilizer maker’s stock valued at $119,000 after buying an additional 1,000 shares during the last quarter. Huntington Asset Advisors Inc. acquired a new stake in shares of Potash Corp. of Saskatchewan during the first quarter valued at approximately $124,000. Sigma Planning Corp boosted 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 during the last quarter. Beech Hill Advisors Inc. acquired a new stake in shares of Potash Corp. of Saskatchewan during the second quarter valued at approximately $186,000. Finally, Sterneck Capital Management LLC boosted its stake in shares of Potash Corp. of Saskatchewan by 54.3% in the first quarter. Sterneck Capital Management LLC now owns 26,294 shares of the fertilizer maker’s stock valued at $229,000 after buying an additional 9,250 shares during the last quarter. Institutional investors own 60.34% of the company’s stock.

Potash Corp. of Saskatchewan (NYSE:POT) traded down 0.12% on Friday, reaching $15.99. 8,842,460 shares of the company’s stock traded hands. Potash Corp. of Saskatchewan has a 52-week low of $14.64 and a 52-week high of $25.58. The company’s 50 day moving average is $16.60 and its 200-day moving average is $16.92. The stock has a market cap of $13.42 billion, a price-to-earnings ratio of 19.74 and a beta of 0.92.

Potash Corp. of Saskatchewan (NYSE:POT) last posted its quarterly earnings results on Thursday, July 28th. The fertilizer maker reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. Potash Corp. of Saskatchewan had a net margin of 13.20% and a return on equity of 9.17%. The firm earned $1.05 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The business’s revenue was down 39.2% compared to the same quarter last year. 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 paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.50%. The ex-dividend date is Friday, October 7th. Potash Corp. of Saskatchewan’s dividend payout ratio (DPR) is currently 123.46%.

A number of research firms recently commented on POT. Vetr cut shares of Potash Corp. of Saskatchewan from a “buy” rating to a “hold” rating and set a $17.36 price objective for the company. in a research report on Tuesday, September 6th. Sanford C. Bernstein set a $19.00 price objective on shares of Potash Corp. of Saskatchewan and gave the company a “buy” rating in a research report on Tuesday, August 30th. Stifel Nicolaus cut shares of Potash Corp. of Saskatchewan from a “buy” rating to a “hold” rating in a research report on Tuesday, May 31st. Cleveland Research restated a “neutral” rating on shares of Potash Corp. of Saskatchewan in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Potash Corp. of Saskatchewan from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, July 29th. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have assigned a buy rating to the stock. Potash Corp. of Saskatchewan has an average rating of “Hold” and an average target price 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.

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