Korea Investment CORP acquired a new stake in Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 51,949 shares of the fertilizer maker’s stock, valued at approximately $885,000.
Other large investors have also bought and sold shares of the company. Sowell Financial Services LLC acquired a new stake in Potash Co. of Saskatchewan during the fourth quarter valued at about $120,000. WFG Advisors LP increased its stake in Potash Co. of Saskatchewan by 356.3% in the fourth quarter. WFG Advisors LP now owns 5,088 shares of the fertilizer maker’s stock valued at $160,000 after buying an additional 3,973 shares in the last quarter. Levin Capital Strategies L.P. acquired a new stake in Potash Co. of Saskatchewan during the fourth quarter valued at about $181,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in Potash Co. of Saskatchewan during the third quarter valued at about $196,000. Finally, Sigma Planning Corp increased its stake in Potash Co. of Saskatchewan by 13.3% in the first quarter. Sigma Planning Corp now owns 11,662 shares of the fertilizer maker’s stock valued at $199,000 after buying an additional 1,367 shares in the last quarter. Institutional investors own 59.18% of the company’s stock.
Potash Co. of Saskatchewan (NYSE:POT) opened at 16.61 on Friday. The firm’s 50-day moving average price is $16.57 and its 200-day moving average price is $17.66. Potash Co. of Saskatchewan has a 12 month low of $15.21 and a 12 month high of $20.26. The firm has a market cap of $13.95 billion, a price-to-earnings ratio of 35.34 and a beta of 0.58.
Potash Co. of Saskatchewan (NYSE:POT) last released its quarterly earnings results on Thursday, April 27th. The fertilizer maker reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. Potash Co. of Saskatchewan had a return on equity of 5.23% and a net margin of 7.54%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $999.41 million. During the same period last year, the firm posted $0.15 EPS. The business’s revenue was down 8.0% on a year-over-year basis. Equities research analysts predict that Potash Co. of Saskatchewan will post $0.62 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Friday, June 30th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.52%. Potash Co. of Saskatchewan’s dividend payout ratio is 100.00%.
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Several research firms have issued reports on POT. Cowen and Company upgraded Potash Co. of Saskatchewan from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $14.75 to $18.89 in a report on Tuesday, January 24th. Vetr upgraded Potash Co. of Saskatchewan from a “buy” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a report on Monday, February 20th. Royal Bank of Canada restated a “buy” rating and set a $19.00 price objective on shares of Potash Co. of Saskatchewan in a report on Monday, April 10th. Raymond James Financial, Inc. boosted their price target on Potash Co. of Saskatchewan from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Monday, May 1st. Finally, TD Securities reiterated a “hold” rating and issued a $17.50 price target on shares of Potash Co. of Saskatchewan in a report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $17.95.
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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