GLG Partners LP reduced its position in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 94.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,559 shares of the fertilizer maker’s stock after selling 196,891 shares during the period. GLG Partners LP’s holdings in Potash Corporation of Saskatchewan were worth $205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its position in shares of Potash Corporation of Saskatchewan by 0.6% during the 2nd quarter. IFP Advisors Inc now owns 12,289 shares of the fertilizer maker’s stock valued at $200,000 after purchasing an additional 76 shares in the last quarter. Cornerstone Advisors Inc. grew its position in shares of 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 valued at $110,000 after purchasing an additional 122 shares in the last quarter. Comerica Bank grew its position in shares of Potash Corporation of Saskatchewan by 1.1% during the 1st quarter. Comerica Bank now owns 51,656 shares of the fertilizer maker’s stock valued at $879,000 after purchasing an additional 567 shares in the last quarter. Financial Architects Inc grew its position in shares of Potash Corporation of Saskatchewan by 11.7% during the 2nd quarter. Financial Architects Inc now owns 6,700 shares of the fertilizer maker’s stock valued at $109,000 after purchasing an additional 700 shares in the last quarter. Finally, Lowe Wealth Advisors LLC grew its position in shares of 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 valued at $123,000 after purchasing an additional 845 shares in the last quarter. Hedge funds and other institutional investors own 56.98% of the company’s stock.

POT has been the subject of several research reports. Scotiabank upgraded shares of 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 report on Monday, July 10th. TD Securities upgraded shares of Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating and upped their target price for the stock from $17.50 to $24.00 in a research report on Thursday, September 28th. Zacks Investment Research lowered shares of Potash Corporation of Saskatchewan from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada reiterated a “buy” rating and issued a $19.00 target price on shares of Potash Corporation of Saskatchewan in a research report on Friday, July 28th. Finally, Cowen and Company set a $16.00 target price on shares of Potash Corporation of Saskatchewan and gave the stock a “hold” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $18.52.

Shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) opened at 19.21 on Thursday. The company has a market capitalization of $16.14 billion, a P/E ratio of 33.82 and a beta of 0.48. Potash Corporation of Saskatchewan Inc. has a 1-year low of $15.72 and a 1-year high of $20.27. The firm has a 50-day moving average of $18.21 and a 200 day moving average of $17.22.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $982.05 million. During the same period in the prior year, the firm posted $0.18 earnings per share. Potash Corporation of Saskatchewan’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts anticipate that Potash Corporation of Saskatchewan Inc. will post $0.63 EPS for the current year.

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

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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.

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

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