OMERS ADMINISTRATION Corp Has $1.38 Million Position in Potash Corporation of Saskatchewan Inc. (NYSE:POT)

OMERS ADMINISTRATION Corp grew its holdings in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 178.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,900 shares of the fertilizer maker’s stock after purchasing an additional 54,400 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Potash Corporation of Saskatchewan were worth $1,383,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Cambridge Investment Research Advisors Inc. increased its stake in shares of Potash Corporation of Saskatchewan by 14.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 40,480 shares of the fertilizer maker’s stock worth $660,000 after buying an additional 5,183 shares during the period. Airain ltd acquired a new position in Potash Corporation of Saskatchewan in the second quarter valued at approximately $2,664,000. Usca Ria LLC boosted its holdings in shares of Potash Corporation of Saskatchewan by 5.1% in the second quarter. Usca Ria LLC now owns 40,269 shares of the fertilizer maker’s stock valued at $656,000 after acquiring an additional 1,937 shares during the period. Aviva PLC boosted its holdings in shares of Potash Corporation of Saskatchewan by 1.2% in the second quarter. Aviva PLC now owns 528,070 shares of the fertilizer maker’s stock valued at $8,598,000 after acquiring an additional 6,180 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Potash Corporation of Saskatchewan by 1.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,339,881 shares of the fertilizer maker’s stock worth $38,094,000 after purchasing an additional 24,432 shares during the last quarter. Institutional investors own 56.97% of the company’s stock.

Several research firms have recently commented on POT. Zacks Investment Research cut Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a research note 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 research note on Friday, July 28th. BMO Capital Markets reiterated a “hold” rating on shares of Potash Corporation of Saskatchewan in a research report on Sunday, August 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $20.50 price objective on shares of Potash Corporation of Saskatchewan in a research report on Thursday. Finally, Scotiabank upgraded Potash Corporation of Saskatchewan from a “sector perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Potash Corporation of Saskatchewan has an average rating of “Hold” and an average target price of $18.25.

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Potash Corporation of Saskatchewan Inc. (POT) traded up 2.24% during mid-day trading on Friday, hitting $18.74. The company had a trading volume of 5,423,880 shares. The company’s 50 day moving average price is $17.63 and its 200-day moving average price is $17.04. Potash Corporation of Saskatchewan Inc. has a one year low of $15.72 and a one year high of $20.27. The company has a market cap of $15.74 billion, a PE ratio of 32.99 and a beta of 0.48.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, September 29th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Thursday, September 28th. Potash Corporation of Saskatchewan’s payout ratio is currently 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.

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

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