Bank of New York Mellon Corp cut its position in Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) by 2.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 934,628 shares of the fertilizer maker’s stock after selling 20,663 shares during the period. Bank of New York Mellon Corp’s holdings in Potash Co. of Saskatchewan were worth $19,299,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new position in shares of Potash Co. of Saskatchewan in the fourth quarter valued at $130,000. Price Wealth Management Inc. bought a new position in shares of Potash Co. of Saskatchewan in the fourth quarter valued at $143,000. Valeo Financial Advisors LLC bought a new position in shares of Potash Co. of Saskatchewan in the third quarter valued at $150,000. Quantitative Systematic Strategies LLC bought a new position in shares of Potash Co. of Saskatchewan in the fourth quarter valued at $215,000. Finally, Clarus Wealth Advisors bought a new position in shares of Potash Co. of Saskatchewan in the fourth quarter valued at $223,000. 59.60% of the stock is owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

Potash Co. of Saskatchewan (NYSE:POT) opened at $20.65 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 0.44. Potash Co. of Saskatchewan has a 52-week low of $15.74 and a 52-week high of $21.04. The company has a market cap of $17,350.00, a price-to-earnings ratio of 38.96, a price-to-earnings-growth ratio of 5.10 and a beta of 0.46.

Separately, Stephens assumed coverage on shares of Potash Co. of Saskatchewan in a research note on Monday, December 4th. They issued an “overweight” rating and a $23.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $20.39.

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About Potash Co. of Saskatchewan

Potash Corporation of Saskatchewan Inc (PCS) is a fertilizer producer producing a range of primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. As of December 31, 2016, it owned and operated five potash operations in Saskatchewan and owned one in New Brunswick.

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

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