Trade Report: Today, Camelot Portfolios LLC Increases Position in Potash Corp. of Saskatchewan (POT)

Today, Camelot Portfolios LLC Increases Position in Potash Corp. of Saskatchewan (POT)

Camelot Portfolios LLC increased its stake in shares of Potash Corp. of Saskatchewan (NYSE:POT) (TSE:POT) by 4.1% during the third quarter, Holdings Channel reports. The institutional investor owned 34,596 shares of the fertilizer maker’s stock after buying an additional 1,351 shares during the period. Camelot Portfolios LLC’s holdings in Potash Corp. of Saskatchewan were worth $565,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in POT. HBK Investments L P bought a new position in Potash Corp. of Saskatchewan during the first quarter valued at $230,000. Ladenburg Thalmann Financial Services Inc. raised its position in Potash Corp. of Saskatchewan by 18.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 55,007 shares of the fertilizer maker’s stock valued at $936,000 after buying an additional 8,545 shares in the last quarter. First Republic Investment Management Inc. raised its position in Potash Corp. of Saskatchewan by 11.0% in the first quarter. First Republic Investment Management Inc. now owns 91,374 shares of the fertilizer maker’s stock valued at $1,555,000 after buying an additional 9,026 shares in the last quarter. Sterneck Capital Management LLC raised its position in Potash Corp. of Saskatchewan by 54.3% in the first quarter. Sterneck Capital Management LLC now owns 26,294 shares of the fertilizer maker’s stock valued at $229,000 after buying an additional 9,250 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in Potash Corp. of Saskatchewan by 86.3% in the second quarter. BNP Paribas Arbitrage SA now owns 126,273 shares of the fertilizer maker’s stock valued at $2,051,000 after buying an additional 58,499 shares in the last quarter. Hedge funds and other institutional investors own 59.66% of the company’s stock.

Shares of Potash Corp. of Saskatchewan (NYSE:POT) opened at 17.59 on Friday. Potash Corp. of Saskatchewan has a 52-week low of $14.64 and a 52-week high of $20.43. The firm has a market cap of $14.77 billion, a PE ratio of 30.86 and a beta of 0.61. The firm has a 50-day moving average of $16.69 and a 200 day moving average of $16.58.

Potash Corp. of Saskatchewan (NYSE:POT) last released its quarterly earnings data on Thursday, October 27th. The fertilizer maker reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Potash Corp. of Saskatchewan had a net margin of 10.06% and a return on equity of 6.94%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The company’s quarterly revenue was down 25.7% on a year-over-year basis. On average, equities analysts predict that Potash Corp. of Saskatchewan will post $0.50 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 2nd. Shareholders of record on Thursday, January 12th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, January 10th. This represents a $0.40 annualized dividend and a dividend yield of 2.27%. Potash Corp. of Saskatchewan’s dividend payout ratio is currently 70.18%.

POT has been the topic of several research reports. Credit Suisse Group AG reiterated a “sell” rating and issued a $11.00 price objective on shares of Potash Corp. of Saskatchewan in a research note on Friday, July 29th. JPMorgan Chase & Co. dropped their price target on shares of Potash Corp. of Saskatchewan from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, July 29th. BMO Capital Markets restated a “market perform” rating on shares of Potash Corp. of Saskatchewan in a research note on Monday, August 1st. Susquehanna restated a “neutral” rating and set a $16.00 price target (up previously from $14.00) on shares of Potash Corp. of Saskatchewan in a research note on Wednesday, August 17th. Finally, Edward Jones upgraded shares of Potash Corp. of Saskatchewan from a “hold” rating to a “buy” rating in a research note on Friday, August 19th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $16.99.

Potash Corp. of Saskatchewan Company Profile

Potash Corporation of Saskatchewan Inc is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. It owns and operates approximately five potash operations in Saskatchewan and one in New Brunswick.

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