Bessemer Group Inc. increased its position in Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) by 88.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,482 shares of the fertilizer maker’s stock after buying an additional 9,130 shares during the quarter. Bessemer Group Inc.’s holdings in Potash Co. of Saskatchewan were worth $402,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Ballew Advisors Inc acquired a new stake in shares of Potash Co. of Saskatchewan in the fourth quarter valued at $413,000. Price Wealth Management Inc. acquired a new stake in shares of Potash Co. of Saskatchewan in the fourth quarter valued at $143,000. Bollard Group LLC lifted its holdings in shares of Potash Co. of Saskatchewan by 1.9% in the fourth quarter. Bollard Group LLC now owns 268,541 shares of the fertilizer maker’s stock valued at $5,545,000 after buying an additional 4,929 shares during the period. K.J. Harrison & Partners Inc acquired a new stake in shares of Potash Co. of Saskatchewan in the fourth quarter valued at $339,000. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Potash Co. of Saskatchewan by 1.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 205,010 shares of the fertilizer maker’s stock valued at $4,233,000 after buying an additional 3,693 shares during the period. Institutional investors and hedge funds own 59.60% of the company’s stock.
Several brokerages have recently weighed in on POT. Stephens started coverage on Potash Co. of Saskatchewan in a report on Monday, December 4th. They issued an “overweight” rating and a $23.00 price objective for the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $20.00 target price on shares of Potash Co. of Saskatchewan in a report on Wednesday, October 18th. UBS Group upped their target price on Potash Co. of Saskatchewan from $21.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 27th. Finally, Zacks Investment Research downgraded Potash Co. of Saskatchewan from a “hold” rating to a “strong sell” rating in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Potash Co. of Saskatchewan presently has a consensus rating of “Buy” and an average target price of $20.44.
Shares of Potash Co. of Saskatchewan (NYSE:POT) opened at $20.65 on Tuesday. Potash Co. of Saskatchewan has a fifty-two week low of $15.74 and a fifty-two week high of $21.04. The company has a market capitalization of $17,350.00, a price-to-earnings ratio of 38.96, a PEG ratio of 5.10 and a beta of 0.46. 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 business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Friday, December 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Thursday, December 28th. Potash Co. of Saskatchewan’s dividend payout ratio is 75.47%.
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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.
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