Global X Management Co. LLC lowered its holdings in Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,839 shares of the fertilizer maker’s stock after selling 4,907 shares during the period. Global X Management Co. LLC’s holdings in Potash Co. of Saskatchewan were worth $758,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in POT. Cerebellum GP LLC acquired a new stake in shares of Potash Co. of Saskatchewan in the fourth quarter worth $130,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of Potash Co. of Saskatchewan by 5,642.7% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 7,523 shares of the fertilizer maker’s stock worth $143,000 after acquiring an additional 7,392 shares in the last quarter. Price Wealth Management Inc. acquired a new stake in shares of Potash Co. of Saskatchewan in the fourth quarter worth $143,000. Valeo Financial Advisors LLC acquired a new stake in shares of Potash Co. of Saskatchewan in the third quarter worth $150,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Potash Co. of Saskatchewan in the second quarter worth $174,000. 59.60% of the stock is owned by institutional investors.
Several equities research analysts have recently issued reports on POT shares. UBS Group increased their price objective on shares of Potash Co. of Saskatchewan from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Stephens started coverage on shares of Potash Co. of Saskatchewan in a research report on Monday, December 4th. They issued an “overweight” rating and a $23.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $20.39.
The firm has a market cap of $17,350.00, a price-to-earnings ratio of 38.96, a price-to-earnings-growth ratio of 5.10 and a beta of 0.46. Potash Co. of Saskatchewan has a 12-month low of $15.74 and a 12-month high of $21.04. 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. Investors of record on Friday, December 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of Infinity. The ex-dividend date was Thursday, December 28th. Potash Co. of Saskatchewan’s payout ratio is 75.47%.
WARNING: “Global X Management Co. LLC Sells 4,907 Shares of Potash Co. of Saskatchewan (POT)” was first posted by Stock Observer and is owned by of Stock Observer. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.thestockobserver.com/2018/02/21/global-x-management-co-llc-sells-4907-shares-of-potash-co-of-saskatchewan-pot.html.
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.
Receive News & Ratings for Potash Co. of Saskatchewan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potash Co. of Saskatchewan and related companies with MarketBeat.com's FREE daily email newsletter.