Thomas White International Ltd. cut its position in shares of Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) by 1.8% in the 4th quarter, Holdings Channel reports. The firm owned 173,271 shares of the fertilizer maker’s stock after selling 3,113 shares during the period. Thomas White International Ltd.’s holdings in Potash Co. of Saskatchewan were worth $3,578,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. First Eagle Investment Management LLC raised its holdings in Potash Co. of Saskatchewan by 5.7% during the third quarter. First Eagle Investment Management LLC now owns 57,457,469 shares of the fertilizer maker’s stock worth $1,105,482,000 after purchasing an additional 3,101,115 shares during the last quarter. Capital International Investors raised its holdings in Potash Co. of Saskatchewan by 93.9% during the third quarter. Capital International Investors now owns 32,912,740 shares of the fertilizer maker’s stock worth $633,378,000 after purchasing an additional 15,938,140 shares during the last quarter. Jarislowsky Fraser Ltd raised its holdings in Potash Co. of Saskatchewan by 42.5% during the third quarter. Jarislowsky Fraser Ltd now owns 26,998,779 shares of the fertilizer maker’s stock worth $518,539,000 after purchasing an additional 8,052,975 shares during the last quarter. Bank of Montreal Can raised its holdings in Potash Co. of Saskatchewan by 14.2% during the fourth quarter. Bank of Montreal Can now owns 21,033,429 shares of the fertilizer maker’s stock worth $434,340,000 after purchasing an additional 2,623,214 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in Potash Co. of Saskatchewan by 238.0% during the third quarter. Schroder Investment Management Group now owns 9,818,055 shares of the fertilizer maker’s stock worth $236,517,000 after purchasing an additional 6,912,913 shares during the last quarter. 59.60% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on the company. Stephens assumed coverage on Potash Co. of Saskatchewan in a report on Monday, December 4th. They set an “overweight” rating and a $23.00 price objective for the company. UBS Group lifted their price objective on Potash Co. of Saskatchewan from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Zacks Investment Research cut Potash Co. of Saskatchewan from a “hold” rating to a “strong sell” rating in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $20.44.
Potash Co. of Saskatchewan (NYSE:POT) opened at $20.65 on Monday. Potash Co. of Saskatchewan has a 1-year low of $15.74 and a 1-year high of $21.04. The firm 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 debt-to-equity ratio of 0.44, a current ratio of 0.99 and a quick ratio of 0.50.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Friday, December 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.94%. Potash Co. of Saskatchewan’s dividend payout ratio (DPR) 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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