Harbor Advisors LLC continued to hold its stake in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,521 shares of the fertilizer maker’s stock at the close of the second quarter. Harbor Advisors LLC’s holdings in Potash Corporation of Saskatchewan were worth $807,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the company. First Eagle Investment Management LLC grew its holdings in 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 worth $886,009,000 after acquiring an additional 13,588,283 shares in the last quarter. Renaissance Technologies LLC increased its position in Potash Corporation of Saskatchewan by 777.4% during the 2nd quarter. Renaissance Technologies LLC now owns 3,513,263 shares of the fertilizer maker’s stock valued at $57,266,000 after purchasing an additional 3,112,864 shares during the period. Schroder Investment Management Group increased its position in Potash Corporation of Saskatchewan by 2,582.5% during the 2nd quarter. Schroder Investment Management Group now owns 2,905,142 shares of the fertilizer maker’s stock valued at $61,327,000 after purchasing an additional 2,796,842 shares during the period. MARSHALL WACE ASIA Ltd purchased a new position in Potash Corporation of Saskatchewan during the 1st quarter valued at about $33,499,000. Finally, Macquarie Group Ltd. increased its position in Potash Corporation of Saskatchewan by 282.8% during the 1st quarter. Macquarie Group Ltd. now owns 2,557,145 shares of the fertilizer maker’s stock valued at $43,676,000 after purchasing an additional 1,889,145 shares during the period. Hedge funds and other institutional investors own 56.98% of the company’s stock.

Shares of Potash Corporation of Saskatchewan Inc. (NYSE POT) traded up 0.0809% on Tuesday, hitting $19.1855. The stock had a trading volume of 1,218,903 shares. Potash Corporation of Saskatchewan Inc. has a 52-week low of $15.72 and a 52-week high of $20.27. The firm’s 50-day moving average price is $18.11 and its 200 day moving average price is $17.19. The firm has a market cap of $16.12 billion, a PE ratio of 33.7773 and a beta of 0.48.

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 analysts’ consensus estimates of $0.17 by ($0.01). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $982.05 million. Potash Corporation of Saskatchewan had a return on equity of 5.19% and a net margin of 11.07%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 EPS. On average, equities research analysts predict that Potash Corporation of Saskatchewan Inc. will post $0.63 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Thursday, September 28th. Potash Corporation of Saskatchewan’s payout ratio is 67.80%.

Several equities analysts recently issued reports on POT shares. Stifel Nicolaus reissued a “buy” rating and set a $20.50 price objective on shares of Potash Corporation of Saskatchewan in a report on Friday, August 11th. BMO Capital Markets restated a “hold” rating on shares of Potash Corporation of Saskatchewan in a report on Sunday, August 13th. Zacks Investment Research cut Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada reiterated a “buy” rating and issued a $19.00 price target on shares of Potash Corporation of Saskatchewan in a report on Tuesday, June 20th. Finally, Cowen and Company reiterated a “hold” rating on shares of Potash Corporation of Saskatchewan in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $18.52.

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About Potash Corporation 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.

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

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