Legal & General Group Plc lowered its stake in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,784,339 shares of the fertilizer maker’s stock after selling 51,526 shares during the period. Legal & General Group Plc owned approximately 0.45% of Potash Corporation of Saskatchewan worth $59,007,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in POT. Financial Architects Inc increased its position in Potash Corporation of Saskatchewan by 1.7% in the first quarter. Financial Architects Inc now owns 6,000 shares of the fertilizer maker’s stock valued at $102,000 after buying an additional 100 shares in the last quarter. Cornerstone Advisors Inc. increased its position in Potash Corporation of Saskatchewan by 1.8% in the second quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock valued at $110,000 after buying an additional 122 shares in the last quarter. Lowe Wealth Advisors LLC increased its position in Potash Corporation of Saskatchewan by 12.7% in the second quarter. Lowe Wealth Advisors LLC now owns 7,520 shares of the fertilizer maker’s stock valued at $123,000 after buying an additional 845 shares in the last quarter. Bessemer Group Inc. increased its position in Potash Corporation of Saskatchewan by 126.8% in the second quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock valued at $162,000 after buying an additional 5,530 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in Potash Corporation of Saskatchewan during the first quarter valued at approximately $178,000. Institutional investors and hedge funds own 60.42% of the company’s stock.

Shares of Potash Corporation of Saskatchewan Inc. (POT) opened at 17.28 on Friday. The firm has a market cap of $14.52 billion, a PE ratio of 30.42 and a beta of 0.46. The firm has a 50-day moving average price of $17.56 and a 200-day moving average price of $17.13. Potash Corporation of Saskatchewan Inc. has a 52 week low of $15.72 and a 52 week high of $20.27.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last posted its quarterly earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $982.05 million. During the same period in the prior year, the firm posted $0.18 EPS. The business’s revenue was up 6.4% on a year-over-year basis. On average, equities research analysts predict that Potash Corporation of Saskatchewan Inc. will post $0.62 earnings per share for the current year.

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Several research firms have commented on POT. Zacks Investment Research downgraded Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. 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 Tuesday, June 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $19.00 target price (down from $20.00) on shares of Potash Corporation of Saskatchewan in a research report on Monday, July 10th. BMO Capital Markets reiterated a “hold” rating on shares of Potash Corporation of Saskatchewan in a research report on Sunday, August 13th. Finally, Scotiabank upgraded 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. Two analysts have rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Potash Corporation of Saskatchewan currently has a consensus rating of “Hold” and an average target price of $18.18.

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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