Concourse Capital Management LLC decreased its stake in shares of Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,640 shares of the fertilizer maker’s stock after selling 30,100 shares during the period. Potash Co. of Saskatchewan makes up about 2.0% of Concourse Capital Management LLC’s investment portfolio, making the stock its 18th largest holding. Concourse Capital Management LLC’s holdings in Potash Co. of Saskatchewan were worth $3,565,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. ING Groep NV bought a new stake in shares of Potash Co. of Saskatchewan during the fourth quarter worth $453,000. Investment Management of Virginia LLC boosted its holdings in Potash Co. of Saskatchewan by 86.5% during the fourth quarter. Investment Management of Virginia LLC now owns 55,750 shares of the fertilizer maker’s stock worth $1,151,000 after purchasing an additional 25,850 shares during the last quarter. Clarus Wealth Advisors acquired a new position in Potash Co. of Saskatchewan during the fourth quarter worth $223,000. Huntington National Bank boosted its holdings in Potash Co. of Saskatchewan by 34.7% during the fourth quarter. Huntington National Bank now owns 11,524 shares of the fertilizer maker’s stock worth $238,000 after purchasing an additional 2,967 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Potash Co. of Saskatchewan by 3.1% during the fourth quarter. CIBC Asset Management Inc now owns 342,698 shares of the fertilizer maker’s stock worth $7,058,000 after purchasing an additional 10,144 shares during the last quarter. 59.60% of the stock is owned by institutional investors.

Several research analysts recently commented on the stock. Stephens assumed coverage on shares of Potash Co. of Saskatchewan in a report on Monday, December 4th. They set an “overweight” rating and a $23.00 target price for the company. Zacks Investment Research cut shares of Potash Co. of Saskatchewan from a “hold” rating to a “strong sell” rating in a report on Monday, October 23rd. Royal Bank of Canada restated a “buy” rating and set a $20.00 target price on shares of Potash Co. of Saskatchewan in a report on Wednesday, October 18th. Finally, UBS Group increased their target price on shares of Potash Co. of Saskatchewan from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $20.44.

Potash Co. of Saskatchewan (NYSE:POT) opened at $20.65 on Friday. Potash Co. of Saskatchewan has a 1-year low of $15.74 and a 1-year high of $21.04. The company has a market cap of $17,350.00, a price-to-earnings ratio of 38.96, a P/E/G ratio of 5.10 and a beta of 0.46. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 0.44.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Friday, December 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Thursday, December 28th. Potash Co. of Saskatchewan’s dividend payout ratio is currently 75.47%.

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

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