Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 1.0% during the third quarter, Holdings Channel reports. The firm owned 514,891 shares of the fertilizer maker’s stock after buying an additional 5,301 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Potash Corporation of Saskatchewan worth $8,364,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of POT. Lowe fs LLC boosted its stake in Potash Corporation of Saskatchewan by 9.4% in the third quarter. Lowe fs LLC now owns 6,490 shares of the fertilizer maker’s stock worth $106,000 after buying an additional 560 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA boosted its stake in shares of Potash Corporation of Saskatchewan by 28.0% in the second quarter. Kelly Lawrence W & Associates Inc. CA now owns 6,850 shares of the fertilizer maker’s stock worth $111,000 after buying an additional 1,500 shares in the last quarter. Financial Architects Inc boosted its stake in shares of Potash Corporation 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 in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Potash Corporation of Saskatchewan by 170.0% in the third quarter. Tower Research Capital LLC TRC now owns 8,574 shares of the fertilizer maker’s stock worth $139,000 after buying an additional 5,399 shares in the last quarter. Finally, Seven Eight Capital LLC boosted its stake in shares of Potash Corporation of Saskatchewan by 566.8% in the second quarter. Seven Eight Capital LLC now owns 9,529 shares of the fertilizer maker’s stock worth $155,000 after buying an additional 8,100 shares in the last quarter. Institutional investors and hedge funds own 59.09% of the company’s stock.

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

Shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) traded up 0.05% during trading on Friday, hitting $18.99. The company had a trading volume of 424,056 shares. Potash Corporation of Saskatchewan Inc. has a 52 week low of $14.64 and a 52 week high of $19.88. The stock’s 50-day moving average price is $18.42 and its 200 day moving average price is $16.99. The company has a market capitalization of $15.94 billion, a P/E ratio of 33.32 and a beta of 0.65.

Potash Corporation of Saskatchewan (NYSE:POT) last issued its earnings results on Thursday, October 27th. The fertilizer maker reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.04 billion. Potash Corporation of Saskatchewan had a return on equity of 6.94% and a net margin of 10.06%. The firm’s quarterly revenue was down 25.7% on a year-over-year basis. During the same quarter last year, the company earned $0.34 EPS. On average, equities research analysts forecast that Potash Corporation of Saskatchewan Inc. will post $0.49 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 2nd. Investors of record on Thursday, January 12th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.11%. The ex-dividend date is Tuesday, January 10th. Potash Corporation of Saskatchewan’s dividend payout ratio (DPR) is presently 70.18%.

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POT has been the topic of a number of research reports. Sanford C. Bernstein set a $19.00 price objective on Potash Corporation of Saskatchewan and gave the company a “buy” rating in a research note on Wednesday, November 23rd. Vetr upgraded Potash Corporation of Saskatchewan from a “buy” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a research note on Thursday, September 22nd. Cowen and Company boosted their price objective on Potash Corporation of Saskatchewan from $12.00 to $15.00 and gave the company an “underperform” rating in a research note on Friday, December 9th. Goldman Sachs Group, Inc. (The) set a $15.00 price objective on Potash Corporation of Saskatchewan and gave the company a “neutral” rating in a research note on Monday, October 31st. Finally, Zacks Investment Research upgraded Potash Corporation of Saskatchewan from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 20th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. Potash Corporation of Saskatchewan presently has a consensus rating of “Hold” and an average target price of $16.91.

About Potash Corporation 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

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