Trutina Financial LLC purchased a new stake in shares of Potash Corp. of Saskatchewan (NYSE:POT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 40,836 shares of the fertilizer maker’s stock, valued at approximately $663,000.

A number of other institutional investors have also modified their holdings of the stock. Lazard Asset Management LLC boosted its position 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 in the last quarter. Huntington Asset Advisors Inc. acquired a new position in shares of Potash Corp. of Saskatchewan during the first quarter valued at approximately $124,000. Financial Architects Inc boosted its position in shares of Potash Corp. of Saskatchewan by 252.2% in the second quarter. Financial Architects Inc now owns 8,100 shares of the fertilizer maker’s stock valued at $132,000 after buying an additional 5,800 shares in the last quarter. Callahan Advisors LLC boosted its position 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. Finally, Sigma Planning Corp boosted its position 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. 60.34% of the stock is owned by institutional investors.

Potash Corp. of Saskatchewan (NYSE:POT) traded down 0.13% during mid-day trading on Tuesday, reaching $15.94. 10,816,991 shares of the company were exchanged. The stock has a market capitalization of $13.38 billion, a P/E ratio of 19.68 and a beta of 0.92. The company’s 50 day moving average price is $16.55 and its 200-day moving average price is $16.85. Potash Corp. of Saskatchewan has a 12 month low of $14.64 and a 12 month high of $22.37.

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 (EPS) for the quarter, hitting the Zacks’ 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 company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the firm posted $0.50 EPS. The company’s revenue for the quarter was down 39.2% on a year-over-year basis. On average, equities analysts expect that Potash Corp. of Saskatchewan will post $0.53 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 12th will be given a $0.10 dividend. The ex-dividend date of this dividend 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 payout ratio is currently 123.46%.

Several brokerages have 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 target for the company. in a research report on Tuesday, September 6th. Sanford C. Bernstein set a $19.00 price target 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 reaffirmed a “neutral” rating on shares of Potash Corp. of Saskatchewan in a research report on Wednesday, September 14th. Finally, JPMorgan Chase & Co. decreased 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. Seven equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $17.43.

Potash Corp. 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.

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