Trade Report: Today: Parsons Capital Management Inc. RI Buys 500 Shares of Potash Corp. of Saskatchewan (POT)

Today: Parsons Capital Management Inc. RI Buys 500 Shares of Potash Corp. of Saskatchewan (POT)

Parsons Capital Management Inc. RI boosted its stake in shares of Potash Corp. of Saskatchewan (NYSE:POT) (TSE:POT) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,061 shares of the fertilizer maker’s stock after buying an additional 500 shares during the period. Parsons Capital Management Inc. RI’s holdings in Potash Corp. of Saskatchewan were worth $425,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Lowe fs LLC increased its stake in Potash Corp. of Saskatchewan by 9.4% in the third quarter. Lowe fs LLC now owns 6,490 shares of the fertilizer maker’s stock valued at $106,000 after buying an additional 560 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA increased its stake in Potash Corp. of Saskatchewan by 28.0% in the second quarter. Kelly Lawrence W & Associates Inc. CA now owns 6,850 shares of the fertilizer maker’s stock valued at $111,000 after buying an additional 1,500 shares in the last quarter. MUFG Americas Holdings Corp increased its stake in Potash Corp. of Saskatchewan by 68.0% in the second quarter. MUFG Americas Holdings Corp now owns 7,730 shares of the fertilizer maker’s stock valued at $126,000 after buying an additional 3,130 shares in the last quarter. Financial Architects Inc increased its stake in Potash Corp. of Saskatchewan by 252.2% in the second quarter. Financial Architects Inc now owns 8,100 shares of the fertilizer maker’s stock valued at $132,000 after buying an additional 5,800 shares in the last quarter. Finally, Seven Eight Capital LLC increased its stake in Potash Corp. of Saskatchewan by 566.8% in the second quarter. Seven Eight Capital LLC now owns 9,529 shares of the fertilizer maker’s stock valued at $155,000 after buying an additional 8,100 shares in the last quarter. 59.18% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Potash Corp. of Saskatchewan (NYSE:POT) traded up 0.2575% on Monday, hitting $17.7155. 2,423,709 shares of the stock traded hands. The firm has a market cap of $14.87 billion, a P/E ratio of 31.0798 and a beta of 0.61. The stock has a 50-day moving average price of $16.75 and a 200 day moving average price of $16.59. Potash Corp. of Saskatchewan has a 52 week low of $14.64 and a 52 week high of $20.43.

Potash Corp. of Saskatchewan (NYSE:POT) last issued its quarterly earnings results on Thursday, October 27th. The fertilizer maker reported $0.10 earnings per share (EPS) for the quarter, topping 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 company earned $1.14 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business posted $0.34 EPS. Potash Corp. of Saskatchewan’s quarterly revenue was down 25.7% compared to the same quarter last year. Equities research analysts predict that Potash Corp. of Saskatchewan will post $0.50 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 2nd. Stockholders of record on Thursday, January 12th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, January 10th. This represents a $0.40 annualized dividend and a dividend yield of 2.26%. Potash Corp. of Saskatchewan’s payout ratio is currently 70.18%.

POT has been the topic of several recent research reports. Stifel Nicolaus raised Potash Corp. of Saskatchewan from a “hold” rating to a “buy” rating and lifted their price target for the company from $16.16 to $20.00 in a research note on Wednesday, September 14th. Vetr downgraded Potash Corp. of Saskatchewan from a “strong-buy” rating to a “buy” rating and set a $19.20 target price on the stock. in a research report on Tuesday, August 30th. Sanford C. Bernstein set a $19.00 target price on Potash Corp. of Saskatchewan and gave the company a “buy” rating in a research report on Tuesday, August 30th. Edward Jones raised Potash Corp. of Saskatchewan from a “hold” rating to a “buy” rating in a research report on Friday, August 19th. Finally, RBC Capital Markets reaffirmed a “hold” rating on shares of Potash Corp. of Saskatchewan in a research report on Wednesday, August 31st. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. The stock 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.

Related posts

Leave a Comment