Potash Corporation of Saskatchewan Inc. (POT) Shares Bought by Kempen Capital Management N.V.

Kempen Capital Management N.V. grew its position in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 4.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,443,804 shares of the fertilizer maker’s stock after acquiring an additional 54,950 shares during the quarter. Potash Corporation of Saskatchewan comprises approximately 2.2% of Kempen Capital Management N.V.’s portfolio, making the stock its 16th biggest position. Kempen Capital Management N.V. owned approximately 0.17% of Potash Corporation of Saskatchewan worth $23,534,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of POT. Wells Fargo & Company MN boosted its holdings in shares of Potash Corporation of Saskatchewan by 4.8% in the first quarter. Wells Fargo & Company MN now owns 1,213,734 shares of the fertilizer maker’s stock valued at $20,731,000 after acquiring an additional 55,430 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of Potash Corporation of Saskatchewan by 1.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 12,504 shares of the fertilizer maker’s stock valued at $216,000 after acquiring an additional 200 shares during the period. Comerica Bank boosted its holdings in shares of Potash Corporation of Saskatchewan by 1.1% in the first quarter. Comerica Bank now owns 51,656 shares of the fertilizer maker’s stock valued at $879,000 after acquiring an additional 567 shares during the period. World Asset Management Inc boosted its holdings in shares of Potash Corporation of Saskatchewan by 1.6% in the first quarter. World Asset Management Inc now owns 52,313 shares of the fertilizer maker’s stock valued at $894,000 after acquiring an additional 813 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in shares of Potash Corporation of Saskatchewan in the first quarter valued at approximately $4,509,000. 56.97% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on POT. Royal Bank Of Canada increased their price objective on Potash Corporation of Saskatchewan from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Friday. Stifel Nicolaus reissued a “buy” rating and issued a $20.50 price objective on shares of Potash Corporation of Saskatchewan in a report on Thursday. Cowen and Company reissued a “hold” rating on shares of Potash Corporation of Saskatchewan in a report on Friday, September 1st. BMO Capital Markets reissued a “hold” rating on shares of Potash Corporation of Saskatchewan in a report on Sunday, August 13th. Finally, Zacks Investment Research downgraded Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $18.25.

Potash Corporation of Saskatchewan Inc. (NYSE:POT) traded up 2.24% on Friday, reaching $18.74. The company’s stock had a trading volume of 5,423,880 shares. The firm has a market capitalization of $15.74 billion, a P/E ratio of 32.99 and a beta of 0.48. Potash Corporation of Saskatchewan Inc. has a 52-week low of $15.72 and a 52-week high of $20.27. The firm has a 50-day moving average price of $17.63 and a 200 day moving average price of $17.04.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last announced its quarterly earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ 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 analyst estimates of $982.05 million. During the same quarter last year, the firm posted $0.18 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. Equities analysts anticipate that Potash Corporation of Saskatchewan Inc. will post $0.63 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th will be given 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 yield of 2.13%. Potash Corporation of Saskatchewan’s dividend payout ratio (DPR) 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.

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

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