Jennison Associates LLC reduced its position in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 7.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 958,788 shares of the fertilizer maker’s stock after selling 75,924 shares during the period. Jennison Associates LLC owned approximately 0.11% of Potash Corporation of Saskatchewan worth $15,628,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Capstone Asset Management Co. raised its position in Potash Corporation of Saskatchewan by 0.9% in the first quarter. Capstone Asset Management Co. now owns 55,022 shares of the fertilizer maker’s stock worth $940,000 after buying an additional 490 shares during the period. Sigma Planning Corp raised its position in Potash Corporation of Saskatchewan by 13.3% in the first quarter. Sigma Planning Corp now owns 11,662 shares of the fertilizer maker’s stock worth $199,000 after buying an additional 1,367 shares during the period. Korea Investment CORP acquired a new position in Potash Corporation of Saskatchewan during the first quarter worth $885,000. Financial Architects Inc raised 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 worth $102,000 after buying an additional 100 shares during the period. Finally, IFP Advisors Inc raised its position in Potash Corporation of Saskatchewan by 10.6% in the first quarter. IFP Advisors Inc now owns 12,213 shares of the fertilizer maker’s stock worth $209,000 after buying an additional 1,168 shares during the period. 60.42% of the stock is owned by hedge funds and other institutional investors.

Shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) opened at 17.28 on Friday. The firm’s 50-day moving average price is $17.56 and its 200-day moving average price is $17.13. The stock has a market capitalization of $14.52 billion, a P/E ratio of 30.42 and a beta of 0.46. Potash Corporation of Saskatchewan Inc. has a 12 month low of $15.72 and a 12 month high of $20.27.

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 the consensus estimate of $0.17 by $0.01. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $982.05 million. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 earnings per share. On average, equities research analysts forecast that Potash Corporation of Saskatchewan Inc. will post $0.62 EPS for the current year.

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POT has been the subject of a number of recent analyst reports. Raymond James Financial, Inc. upped their price objective on Potash Corporation of Saskatchewan from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Monday, May 1st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Potash Corporation of Saskatchewan in a research note on Wednesday, May 17th. Vertical Research raised Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating in a research note on Friday, May 19th. BMO Capital Markets reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Potash Corporation of Saskatchewan in a research note on Friday, July 7th. Finally, Scotiabank raised 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 note on Monday, July 10th. Two analysts have rated the stock with a sell rating, ten have issued 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 a consensus rating of “Hold” and an average price target 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.

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

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