Commonwealth Bank of Australia reduced its holdings in Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) by 62.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,687 shares of the fertilizer maker’s stock after selling 60,814 shares during the quarter. Commonwealth Bank of Australia’s holdings in Potash Co. of Saskatchewan were worth $701,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of POT. First Eagle Investment Management LLC lifted its holdings in shares of Potash Co. of Saskatchewan by 33.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 54,356,354 shares of the fertilizer maker’s stock valued at $886,009,000 after buying an additional 13,588,283 shares during the period. Jarislowsky Fraser Ltd lifted its holdings in shares of Potash Co. of Saskatchewan by 42.5% in the 3rd quarter. Jarislowsky Fraser Ltd now owns 26,998,779 shares of the fertilizer maker’s stock valued at $518,539,000 after buying an additional 8,052,975 shares during the period. Schroder Investment Management Group raised its holdings in Potash Co. of Saskatchewan by 238.0% during the third quarter. Schroder Investment Management Group now owns 9,818,055 shares of the fertilizer maker’s stock worth $236,517,000 after purchasing an additional 6,912,913 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Potash Co. of Saskatchewan during the second quarter worth $59,549,000. Finally, Renaissance Technologies LLC raised its holdings in Potash Co. of Saskatchewan by 777.4% during the second quarter. Renaissance Technologies LLC now owns 3,513,263 shares of the fertilizer maker’s stock worth $57,266,000 after purchasing an additional 3,112,864 shares during the last quarter. 59.60% of the stock is owned by institutional investors and hedge funds.
Shares of Potash Co. of Saskatchewan (NYSE POT) traded up $0.11 during trading hours on Friday, hitting $20.65. The stock had a trading volume of 10,326,677 shares, compared to its average volume of 4,271,664. The stock has a market capitalization of $17,256.97, a P/E ratio of 37.55, a P/E/G ratio of 5.02 and a beta of 0.45. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.50 and a current ratio of 0.99. Potash Co. of Saskatchewan has a twelve month low of $15.74 and a twelve month high of $21.04.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, December 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Thursday, December 28th. Potash Co. of Saskatchewan’s dividend payout ratio (DPR) is presently 72.73%.
POT has been the subject of several research reports. initiated coverage on Potash Co. of Saskatchewan in a report on Wednesday, October 11th. They set a “buy” rating and a $24.25 price objective for the company. BMO Capital Markets reaffirmed a “market perform” rating and set a $17.50 price objective (up from $17.00) on shares of Potash Co. of Saskatchewan in a report on Friday, October 6th. Royal Bank of Canada lifted their price objective on Potash Co. of Saskatchewan from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, September 15th. Cowen reaffirmed a “hold” rating on shares of Potash Co. of Saskatchewan in a report on Friday, September 1st. Finally, Zacks Investment Research cut Potash Co. of Saskatchewan from a “hold” rating to a “strong sell” rating in a report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $20.25.
Potash Co. 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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