Capital Guardian Trust Co. decreased its holdings in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 12.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,405,150 shares of the fertilizer maker’s stock after selling 207,300 shares during the period. Capital Guardian Trust Co. owned approximately 0.17% of Potash Corporation of Saskatchewan worth $22,904,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. First Eagle Investment Management LLC grew its holdings in shares of Potash Corporation of Saskatchewan by 33.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 54,356,354 shares of the fertilizer maker’s stock valued at $886,009,000 after purchasing an additional 13,588,283 shares during the last quarter. Vanguard Group Inc. lifted its stake in Potash Corporation of Saskatchewan by 4.3% in the second quarter. Vanguard Group Inc. now owns 19,579,208 shares of the fertilizer maker’s stock worth $319,141,000 after purchasing an additional 804,672 shares during the last quarter. Jarislowsky Fraser Ltd lifted its stake in Potash Corporation of Saskatchewan by 1.4% in the second quarter. Jarislowsky Fraser Ltd now owns 18,945,804 shares of the fertilizer maker’s stock worth $308,542,000 after purchasing an additional 254,401 shares during the last quarter. Carmignac Gestion lifted its stake in Potash Corporation of Saskatchewan by 0.4% in the second quarter. Carmignac Gestion now owns 12,299,830 shares of the fertilizer maker’s stock worth $200,487,000 after purchasing an additional 43,900 shares during the last quarter. Finally, TD Asset Management Inc. lifted its stake in Potash Corporation of Saskatchewan by 1.6% in the second quarter. TD Asset Management Inc. now owns 6,422,208 shares of the fertilizer maker’s stock worth $104,589,000 after purchasing an additional 101,631 shares during the last quarter. 56.98% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on POT shares. Scotiabank raised Potash Corporation of Saskatchewan from a “sector perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research note on Monday, July 10th. Royal Bank Of Canada restated a “buy” rating and set a $19.00 target price on shares of Potash Corporation of Saskatchewan in a report on Tuesday, June 20th. Zacks Investment Research lowered Potash Corporation of Saskatchewan from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price target (down from $20.00) on shares of Potash Corporation of Saskatchewan in a research note on Monday, July 10th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Potash Corporation of Saskatchewan in a research note on Sunday, August 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $18.52.

Potash Corporation of Saskatchewan Inc. (POT) traded down 0.26% on Monday, hitting $19.19. The company’s stock had a trading volume of 1,049,761 shares. The firm has a market cap of $16.12 billion, a price-to-earnings ratio of 33.79 and a beta of 0.48. Potash Corporation of Saskatchewan Inc. has a 12 month low of $15.72 and a 12 month high of $20.27. The firm has a 50 day moving average of $17.71 and a 200 day moving average of $17.06.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly earnings data on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $982.05 million. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Equities research analysts forecast that Potash Corporation of Saskatchewan Inc. will post $0.63 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.40 annualized dividend and a dividend yield of 2.08%. Potash Corporation of Saskatchewan’s payout ratio is presently 67.80%.

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Potash Corporation of Saskatchewan Company Profile

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 Corporation of Saskatchewan (NYSE:POT)

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