Montgomery Investment Management Inc. Maintains Position in Potash Corporation of Saskatchewan Inc. (POT)

Montgomery Investment Management Inc. continued to hold its position in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,000 shares of the fertilizer maker’s stock at the end of the second quarter. Montgomery Investment Management Inc.’s holdings in Potash Corporation of Saskatchewan were worth $342,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of POT. Global X Management Co. LLC boosted its position in shares of Potash Corporation of Saskatchewan by 23.3% in the second quarter. Global X Management Co. LLC now owns 42,993 shares of the fertilizer maker’s stock valued at $700,000 after buying an additional 8,129 shares during the last quarter. Pictet Asset Management Ltd. boosted its position in shares of Potash Corporation of Saskatchewan by 4.1% in the second quarter. Pictet Asset Management Ltd. now owns 747,173 shares of the fertilizer maker’s stock valued at $12,343,000 after buying an additional 29,421 shares during the last quarter. TD Asset Management Inc. boosted its position in shares of Potash Corporation of Saskatchewan by 1.6% in the second quarter. TD Asset Management Inc. now owns 6,422,208 shares of the fertilizer maker’s stock valued at $104,589,000 after buying an additional 101,631 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Potash Corporation of Saskatchewan by 0.6% in the second quarter. IFP Advisors Inc now owns 12,289 shares of the fertilizer maker’s stock valued at $200,000 after buying an additional 76 shares during the last quarter. Finally, Korea Investment CORP boosted its position in shares of Potash Corporation of Saskatchewan by 1.8% in the second quarter. Korea Investment CORP now owns 52,903 shares of the fertilizer maker’s stock valued at $862,000 after buying an additional 954 shares during the last quarter. Institutional investors own 60.42% of the company’s stock.

Shares of Potash Corporation of Saskatchewan Inc. (NYSE POT) traded down 0.29% during mid-day trading on Friday, reaching $17.23. 3,996,852 shares of the company traded hands. The company’s 50 day moving average is $17.48 and its 200 day moving average is $17.17. The stock has a market capitalization of $14.47 billion, a price-to-earnings ratio of 30.33 and a beta of 0.46. Potash Corporation of Saskatchewan Inc. has a 52-week low of $15.72 and a 52-week high of $20.27.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly earnings data on Thursday, July 27th. The fertilizer maker reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $982.05 million. Potash Corporation of Saskatchewan had a return on equity of 5.19% and a net margin of 11.07%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 earnings per share. On average, equities analysts forecast that Potash Corporation of Saskatchewan Inc. will post $0.63 earnings per share for the current year.

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Several research analysts have issued reports on the stock. BMO Capital Markets reiterated a “hold” rating on shares of Potash Corporation of Saskatchewan in a report on Sunday, August 13th. Stifel Nicolaus reissued a “buy” rating and set a $20.50 price target on shares of Potash Corporation of Saskatchewan in a research report on Friday, August 11th. Royal Bank Of Canada reissued a “buy” rating and set a $19.00 price target on shares of Potash Corporation of Saskatchewan in a research report on Friday, July 28th. Cowen and Company set a $16.00 price objective on shares of Potash Corporation of Saskatchewan and gave the company a “hold” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research lowered shares of Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Potash Corporation of Saskatchewan presently has a consensus rating of “Hold” and a consensus target price of $18.18.

About Potash Corporation 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.

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

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