Hikari Tsushin Inc. Acquires New Holdings in Potash Corporation of Saskatchewan Inc. (POT)

Hikari Tsushin Inc. acquired a new stake in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,000 shares of the fertilizer maker’s stock, valued at approximately $440,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. San Francisco Sentry Investment Group CA purchased a new stake in Potash Corporation of Saskatchewan in the second quarter valued at approximately $104,000. Financial Architects Inc boosted its position in Potash Corporation of Saskatchewan by 11.7% in the second quarter. Financial Architects Inc now owns 6,700 shares of the fertilizer maker’s stock valued at $109,000 after buying an additional 700 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in Potash Corporation of Saskatchewan by 1.8% in the second quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock valued at $110,000 after buying an additional 122 shares during the last quarter. Lowe Wealth Advisors LLC boosted its position in Potash Corporation of Saskatchewan by 12.7% in the second quarter. Lowe Wealth Advisors LLC now owns 7,520 shares of the fertilizer maker’s stock valued at $123,000 after buying an additional 845 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in Potash Corporation of Saskatchewan by 126.8% in the second quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock valued at $162,000 after buying an additional 5,530 shares during the last quarter. Hedge funds and other institutional investors own 56.96% of the company’s stock.

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Potash Corporation of Saskatchewan Inc. (NYSE POT) traded down 0.31% during midday trading on Friday, reaching $19.19. The company’s stock had a trading volume of 665,793 shares. The stock’s 50 day moving average is $18.79 and its 200 day moving average is $17.38. Potash Corporation of Saskatchewan Inc. has a 12-month low of $15.72 and a 12-month high of $20.27. The stock has a market cap of $16.12 billion, a P/E ratio of 33.79 and a beta of 0.48.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $982.05 million. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 EPS. Analysts anticipate that Potash Corporation of Saskatchewan Inc. will post $0.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Thursday, September 28th. Potash Corporation of Saskatchewan’s payout ratio is currently 67.80%.

A number of equities research analysts recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $20.50 target price on shares of Potash Corporation of Saskatchewan in a research report on Friday, August 11th. BMO Capital Markets reiterated a “hold” rating on shares of Potash Corporation of Saskatchewan in a research report on Sunday, August 13th. Royal Bank Of Canada reiterated a “buy” rating and issued a $20.00 target price on shares of Potash Corporation of Saskatchewan in a research report on Wednesday. Zacks Investment Research lowered Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, HSBC Holdings plc assumed coverage on Potash Corporation of Saskatchewan in a research report on Wednesday, October 11th. They issued a “buy” rating and a $24.25 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $19.16.

Potash Corporation 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.

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

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