Today The Hikari Power Ltd Has $13,466,000 Stake in Potash Corporation of Saskatchewan Inc. (POT)

Today The Hikari Power Ltd Has $13,466,000 Stake in Potash Corporation of Saskatchewan Inc. (POT)

Hikari Power Ltd held its position in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) during the third quarter, according to its most recent filing with the SEC. The firm owned 825,124 shares of the fertilizer maker’s stock at the end of the third quarter. Potash Corporation of Saskatchewan comprises about 1.6% of Hikari Power Ltd’s portfolio, making the stock its 18th largest position. Hikari Power Ltd’s holdings in Potash Corporation of Saskatchewan were worth $13,466,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of POT. Lowe fs LLC boosted its position in Potash Corporation 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 boosted its stake in Potash Corporation 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 worth $111,000 after buying an additional 1,500 shares during the period. Seven Eight Capital LLC boosted its stake in Potash Corporation of Saskatchewan by 566.8% in the second quarter. Seven Eight Capital LLC now owns 9,529 shares of the fertilizer maker’s stock worth $155,000 after buying an additional 8,100 shares during the period. Kornitzer Capital Management Inc. KS purchased a new stake in Potash Corporation of Saskatchewan during the second quarter worth approximately $188,000. Finally, Sheaff Brock Investment Advisors LLC purchased a new stake in Potash Corporation of Saskatchewan during the second quarter worth approximately $198,000. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) traded down 0.075% during mid-day trading on Wednesday, reaching $19.855. The company’s stock had a trading volume of 3,072,660 shares. The stock has a market cap of $16.67 billion, a P/E ratio of 34.833 and a beta of 0.65. Potash Corporation of Saskatchewan Inc. has a one year low of $14.75 and a one year high of $20.27. The stock has a 50 day moving average of $18.59 and a 200-day moving average of $17.14.

Potash Corporation of Saskatchewan (NYSE:POT) last issued its earnings results on Thursday, October 27th. The fertilizer maker reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Potash Corporation of Saskatchewan had a return on equity of 6.94% and a net margin of 10.06%. The business’s revenue for the quarter was down 25.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. On average, equities research analysts expect that Potash Corporation of Saskatchewan Inc. will post $0.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 2nd. Stockholders of record on Thursday, January 12th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Tuesday, January 10th. Potash Corporation of Saskatchewan’s payout ratio is presently 70.18%.

A number of analysts recently commented on POT shares. RBC Capital Markets upgraded Potash Corporation of Saskatchewan from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $15.00 to $19.00 in a research report on Friday, October 7th. Zacks Investment Research lowered Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a report on Tuesday, October 18th. Cowen and Company raised Potash Corporation of Saskatchewan from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $14.75 to $18.89 in a report on Tuesday. HSBC Holdings plc set a $15.75 price target on Potash Corporation of Saskatchewan and gave the company a “neutral” rating in a report on Tuesday, November 22nd. Finally, Vetr raised Potash Corporation of Saskatchewan from a “buy” rating to a “strong-buy” rating and set a $20.54 price target for the company in a report on Wednesday, January 18th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.22.

About Potash Corporation of Saskatchewan

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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