M&T Bank Corp increased its holdings in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 365.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,079 shares of the fertilizer maker’s stock after buying an additional 49,520 shares during the quarter. M&T Bank Corp’s holdings in Potash Corporation of Saskatchewan were worth $1,028,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of POT. Financial Architects Inc lifted its stake in Potash Corporation of Saskatchewan by 11.7% in the 2nd quarter. Financial Architects Inc now owns 6,700 shares of the fertilizer maker’s stock worth $109,000 after acquiring an additional 700 shares in the last quarter. Cornerstone Advisors Inc. boosted its position in Potash Corporation of Saskatchewan by 1.8% during the 2nd quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock worth $110,000 after acquiring an additional 122 shares during the period. Lowe Wealth Advisors LLC boosted its position in Potash Corporation of Saskatchewan by 12.7% during the 2nd quarter. Lowe Wealth Advisors LLC now owns 7,520 shares of the fertilizer maker’s stock worth $123,000 after acquiring an additional 845 shares during the period. Bessemer Group Inc. boosted its position in Potash Corporation of Saskatchewan by 126.8% during the 2nd quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock worth $162,000 after acquiring an additional 5,530 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in Potash Corporation of Saskatchewan during the 1st quarter worth about $178,000. 56.98% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research firms have recently issued reports on POT. Zacks Investment Research lowered shares of Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada restated a “buy” rating and set a $19.00 price target on shares of Potash Corporation of Saskatchewan in a report on Friday, July 28th. TD Securities raised shares of Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating and boosted their price objective for the company from $17.50 to $24.00 in a research report on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and set a $20.50 price objective on shares of Potash Corporation of Saskatchewan in a research report on Thursday, September 14th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Potash Corporation of Saskatchewan in a research note on Sunday, August 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $18.52.

Shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) opened at 19.24 on Monday. The firm has a market cap of $16.16 billion, a PE ratio of 33.87 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 price of $17.71 and a 200-day moving average price of $17.06.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last issued its quarterly earnings results 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). Potash Corporation of Saskatchewan had a return on equity of 5.19% and a net margin of 11.07%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $982.05 million. During the same period in the prior year, the business earned $0.18 earnings per share. Potash Corporation of Saskatchewan’s revenue was up 6.4% compared to the same quarter last year. On average, analysts predict that Potash Corporation of Saskatchewan Inc. will post $0.63 EPS for the current fiscal year.

The firm also recently disclosed 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Thursday, September 28th. Potash Corporation of Saskatchewan’s dividend payout ratio is presently 67.80%.

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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