Baird Financial Group Inc. boosted its holdings in shares of Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) by 58.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 204,177 shares of the fertilizer maker’s stock after purchasing an additional 74,921 shares during the quarter. Baird Financial Group Inc.’s holdings in Potash Co. of Saskatchewan were worth $4,216,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Cerebellum GP LLC purchased a new position in Potash Co. of Saskatchewan during the fourth quarter worth approximately $130,000. Price Wealth Management Inc. purchased a new position in Potash Co. of Saskatchewan during the fourth quarter worth approximately $143,000. Patriot Financial Group Insurance Agency LLC boosted its position in Potash Co. of Saskatchewan by 5,642.7% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 7,523 shares of the fertilizer maker’s stock worth $143,000 after purchasing an additional 7,392 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in Potash Co. of Saskatchewan during the third quarter worth approximately $150,000. Finally, E&G Advisors LP purchased a new position in Potash Co. of Saskatchewan during the third quarter worth approximately $192,000. Institutional investors own 59.60% of the company’s stock.
Separately, Stephens initiated coverage on Potash Co. of Saskatchewan in a research report on Monday, December 4th. They set an “overweight” rating and a $23.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $20.39.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Friday, December 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.40 annualized dividend and a dividend yield of Infinity. Potash Co. of Saskatchewan’s dividend payout ratio (DPR) is presently 75.47%.
Potash Co. of Saskatchewan 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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