Potash Co. of Saskatchewan (POT) Position Decreased by Franklin Resources Inc.

Franklin Resources Inc. lowered its stake in Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) by 20.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,579 shares of the fertilizer maker’s stock after selling 38,404 shares during the period. Franklin Resources Inc.’s holdings in Potash Co. of Saskatchewan were worth $2,741,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bernicke Wealth Management Ltd. raised its position in Potash Co. of Saskatchewan by 0.6% in the third quarter. Bernicke Wealth Management Ltd. now owns 31,994 shares of the fertilizer maker’s stock valued at $522,000 after buying an additional 203 shares in the last quarter. First PREMIER Bank raised its position in Potash Co. of Saskatchewan by 1.7% in the third quarter. First PREMIER Bank now owns 23,034 shares of the fertilizer maker’s stock valued at $376,000 after buying an additional 375 shares in the last quarter. Sii Investments Inc. WI raised its position in Potash Co. of Saskatchewan by 1.7% in the fourth quarter. Sii Investments Inc. WI now owns 30,188 shares of the fertilizer maker’s stock valued at $545,000 after buying an additional 494 shares in the last quarter. Parsons Capital Management Inc. RI raised its position in Potash Co. of Saskatchewan by 2.0% in the third quarter. Parsons Capital Management Inc. RI now owns 26,061 shares of the fertilizer maker’s stock valued at $425,000 after buying an additional 500 shares in the last quarter. Finally, First Interstate Bank raised its position in Potash Co. of Saskatchewan by 3.4% in the fourth quarter. First Interstate Bank now owns 15,273 shares of the fertilizer maker’s stock valued at $276,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 59.18% of the company’s stock.

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

Shares of Potash Co. of Saskatchewan (NYSE:POT) opened at 17.32 on Monday. The firm has a market capitalization of $14.55 billion, a P/E ratio of 45.58 and a beta of 0.58. Potash Co. of Saskatchewan has a one year low of $15.21 and a one year high of $20.26. The firm has a 50-day moving average of $18.08 and a 200-day moving average of $17.59.

Potash Co. of Saskatchewan (NYSE:POT) last issued its earnings results on Thursday, January 26th. The fertilizer maker reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by $0.02. The firm earned $1.06 billion during the quarter, compared to the consensus estimate of $941.39 million. Potash Co. of Saskatchewan had a return on equity of 5.23% and a net margin of 7.54%. The firm’s revenue for the quarter was down 21.9% compared to the same quarter last year. During the same period last year, the business earned $0.24 earnings per share. On average, equities analysts predict that Potash Co. of Saskatchewan will post $0.53 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 2nd. Investors of record on Friday, March 31st will be given a $0.10 dividend. The ex-dividend date is Wednesday, March 29th. This represents a $0.40 annualized dividend and a yield of 2.31%. Potash Co. of Saskatchewan’s dividend payout ratio (DPR) is currently 100.00%.

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Several research firms have recently commented on POT. Credit Suisse Group AG upped their price target on shares of Potash Co. of Saskatchewan from $11.00 to $18.00 and gave the stock an “underperform” rating in a research report on Wednesday, January 25th. Vetr lowered shares of Potash Co. of Saskatchewan from a “buy” rating to a “sell” rating and set a $18.98 price target for the company. in a research report on Tuesday, January 24th. Sanford C. Bernstein set a $19.00 price target on shares of Potash Co. of Saskatchewan and gave the stock a “buy” rating in a research report on Wednesday, November 23rd. BMO Capital Markets restated a “hold” rating and set a $16.00 price target on shares of Potash Co. of Saskatchewan in a research report on Friday, January 27th. Finally, Zacks Investment Research lowered shares of Potash Co. of Saskatchewan from a “hold” rating to a “sell” rating in a research report on Thursday, January 12th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Potash Co. of Saskatchewan presently has a consensus rating of “Hold” and an average target price of $17.48.

About Potash Co. of Saskatchewan

Potash Corporation of Saskatchewan Inc is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. It owns and operates approximately five potash operations in Saskatchewan and one in New Brunswick.

5 Day Chart for NYSE:POT

Want to see what other hedge funds are holding POT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT).

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