Potash Co. of Saskatchewan (POT) Stake Raised by Kempen Capital Management N.V.

Kempen Capital Management N.V. boosted its position in shares of Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) by 22.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,388,854 shares of the fertilizer maker’s stock after buying an additional 251,050 shares during the period. Potash Co. of Saskatchewan comprises 2.7% of Kempen Capital Management N.V.’s holdings, making the stock its 15th largest position. Kempen Capital Management N.V.’s holdings in Potash Co. of Saskatchewan were worth $23,722,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of POT. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of Potash Co. of Saskatchewan during the third quarter worth $196,000. Lesa Sroufe & Co purchased a new stake in shares of Potash Co. of Saskatchewan during the third quarter worth $4,544,000. First Eagle Investment Management LLC raised its stake in shares of Potash Co. of Saskatchewan by 11.6% in the third quarter. First Eagle Investment Management LLC now owns 32,522,564 shares of the fertilizer maker’s stock worth $530,768,000 after buying an additional 3,369,223 shares during the period. First Personal Financial Services raised its stake in shares of Potash Co. of Saskatchewan by 62.3% in the third quarter. First Personal Financial Services now owns 67,372 shares of the fertilizer maker’s stock worth $1,100,000 after buying an additional 25,858 shares during the period. Finally, Taylor Asset Management Inc. purchased a new stake in shares of Potash Co. of Saskatchewan during the third quarter worth $8,062,000. 59.18% of the stock is owned by institutional investors and hedge funds.

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

Potash Co. of Saskatchewan (NYSE:POT) traded down 0.54% during mid-day trading on Thursday, reaching $16.50. The company’s stock had a trading volume of 7,353,415 shares. The stock’s 50 day moving average is $16.52 and its 200 day moving average is $17.67. The firm has a market cap of $13.86 billion, a PE ratio of 35.11 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.

Potash Co. of Saskatchewan (NYSE:POT) last issued its quarterly earnings data on Thursday, April 27th. The fertilizer maker reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.08. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $999.41 million. Potash Co. of Saskatchewan had a return on equity of 5.23% and a net margin of 7.54%. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 earnings per share. On average, analysts anticipate that Potash Co. of Saskatchewan will post $0.62 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders 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 2.42%. The ex-dividend date of this dividend is Wednesday, June 28th. Potash Co. of Saskatchewan’s payout ratio is 100.00%.

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POT has been the subject of a number of research analyst reports. Credit Suisse Group AG lifted their target price on Potash Co. of Saskatchewan from $11.00 to $18.00 and gave the company an “underperform” rating in a research report on Wednesday, January 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $16.00 target price on shares of Potash Co. of Saskatchewan in a research report on Friday, January 27th. Vetr raised Potash Co. of Saskatchewan from a “sell” rating to a “hold” rating and set a $18.98 target price for the company in a research report on Monday, January 30th. Zacks Investment Research raised Potash Co. of Saskatchewan from a “sell” rating to a “hold” rating in a research report on Wednesday, February 15th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $19.00 target price on shares of Potash Co. of Saskatchewan in a research report on Tuesday, March 14th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $17.95.

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.

12 Month 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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