Marco Investment Management LLC Holds Stake in Potash Corporation of Saskatchewan Inc. (POT)

Marco Investment Management LLC held its stake in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,938 shares of the fertilizer maker’s stock at the end of the first quarter. Marco Investment Management LLC’s holdings in Potash Corporation of Saskatchewan were worth $1,622,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. First Eagle Investment Management LLC raised its position in shares of Potash Corporation of Saskatchewan by 21.9% in the first quarter. First Eagle Investment Management LLC now owns 40,768,071 shares of the fertilizer maker’s stock valued at $696,319,000 after buying an additional 7,315,190 shares during the last quarter. FMR LLC increased its stake in shares of Potash Corporation of Saskatchewan by 13.2% in the fourth quarter. FMR LLC now owns 25,581,132 shares of the fertilizer maker’s stock valued at $462,790,000 after buying an additional 2,984,072 shares during the period. Bank of Montreal Can increased its stake in shares of Potash Corporation of Saskatchewan by 17.3% in the first quarter. Bank of Montreal Can now owns 18,836,468 shares of the fertilizer maker’s stock valued at $321,727,000 after buying an additional 2,774,033 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Potash Corporation of Saskatchewan during the fourth quarter valued at $42,685,000. Finally, Horseman Capital Management Ltd acquired a new stake in shares of Potash Corporation of Saskatchewan during the first quarter valued at $29,463,000. Hedge funds and other institutional investors own 59.31% of the company’s stock.

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

Potash Corporation of Saskatchewan Inc. (NYSE:POT) traded down 1.73% during mid-day trading on Tuesday, hitting $16.43. 1,578,140 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $16.50 and its 200-day moving average price is $17.56. The stock has a market cap of $13.80 billion, a PE ratio of 34.96 and a beta of 0.51. Potash Corporation of Saskatchewan Inc. has a 12 month low of $15.21 and a 12 month high of $20.26.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last issued its quarterly earnings results on Thursday, April 27th. The fertilizer maker reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.08. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $999.41 million. Potash Corporation of Saskatchewan had a net margin of 9.41% and a return on equity of 5.52%. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 EPS. Equities analysts expect that Potash Corporation of Saskatchewan Inc. will post $0.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Friday, June 30th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Wednesday, June 28th. Potash Corporation of Saskatchewan’s dividend payout ratio is currently 81.63%.

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A number of analysts have recently commented on POT shares. Royal Bank Of Canada reissued a “buy” rating and issued a $19.00 price objective on shares of Potash Corporation of Saskatchewan in a research note on Tuesday. Vertical Research upgraded Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating in a report on Friday, May 19th. TD Securities reiterated a “hold” rating and set a $17.50 price target on shares of Potash Corporation of Saskatchewan in a report on Friday, April 28th. Zacks Investment Research cut Potash Corporation of Saskatchewan from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th. Finally, Raymond James Financial, Inc. boosted their price target on Potash Corporation of Saskatchewan from $17.00 to $19.00 and gave the stock a “market perform” rating in a research report on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.89.

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.

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