Fiduciary Management Inc Wi buys $579 Million stake in Potash Corporation of Saskatchewan (USA) (POT)

Potash Corporation of Saskatchewan (USA) (POT) : Fiduciary Management Inc Wi scooped up 4,477,323 additional shares in Potash Corporation of Saskatchewan (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 36,903,842 shares of Potash Corporation of Saskatchewan (USA) which is valued at $579 Million.Potash Corporation of Saskatchewan (USA) makes up approximately 3.43% of Fiduciary Management Inc Wi’s portfolio.

Other Hedge Funds, Including , Bernicke Associates Ltd boosted its stake in POT in the latest quarter, The investment management firm added 3,499 additional shares and now holds a total of 31,053 shares of Potash Corporation of Saskatchewan (USA) which is valued at $487,222. Potash Corporation of Saskatchewan (USA) makes up approx 0.45% of Bernicke Associates Ltd’s portfolio. Letko Brosseau Associates Inc added POT to its portfolio by purchasing 39,710 company shares during the most recent quarter which is valued at $623,050. Potash Corporation of Saskatchewan (USA) makes up approx 0.01% of Letko Brosseau Associates Inc’s portfolio. Ipswich Investment Management added POT to its portfolio by purchasing 4,000 company shares during the most recent quarter which is valued at $62,760. Potash Corporation of Saskatchewan (USA) makes up approx 0.03% of Ipswich Investment Management’s portfolio. Financial Architects Inc added POT to its portfolio by purchasing 2,300 company shares during the most recent quarter which is valued at $36,087. Potash Corporation of Saskatchewan (USA) makes up approx 0.01% of Financial Architects Inc’s portfolio. Yorktown Management Research Co Inc sold out all of its stake in POT during the most recent quarter. The investment firm sold 89,200 shares of POT which is valued $1.4 Million.

Potash Corporation of Saskatchewan (USA) closed down -0.07 points or -0.42% at $16.53 with 81,40,987 shares getting traded on Friday. Post opening the session at $16.65, the shares hit an intraday low of $16.51 and an intraday high of $16.98 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Potash Corporation of Saskatchewan (USA) reported $0.15 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.15. The company had revenue of $1209.00 million for the quarter, compared to analysts expectations of $1096.25 million. The company’s revenue was down -27.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.44 EPS.

Investors should note that on May 11, 2016, Potash Corporation of Saskatchewan (USA) announced a cash dividend of $0.2500. The company’s management has announced Jul 8, 2016 as the ex-dividend date and fixed the record date on Jul 12, 2016. The payable date has been fixed on Aug 2, 2016.

Many Wall Street Analysts have commented on Potash Corporation of Saskatchewan (USA). Shares were Downgraded by Barclays on Apr 19, 2016 to ” Underweight” and Lowered the Price Target to $ 14 from a previous price target of $16 .Potash Corporation of Saskatchewan (USA) was Downgraded by HSBC Securities to ” Hold” on Apr 11, 2016. Potash Corporation of Saskatchewan (USA) was Downgraded by CIBC to ” Sector Perform” on Apr 4, 2016.

Potash Corporation of Saskatchewan Inc is a fertilizer company. The Company operates in three business segments: potash nitrogen and phosphate. The Company owns and operates five potash operations in Saskatchewan and one in New Brunswick. Its nitrogen operations involve the production of nitrogen fertilizers and nitrogen feed and industrial products including ammonia urea nitrogen solutions ammonium nitrate and nitric acid. It has nitrogen facilities in Georgia Louisiana Ohio and Trinidad. The Company’s phosphate operations include the manufacture and sale of solid and liquid phosphate fertilizers phosphate feed and industrial acid which is used in food products and industrial processes. It has phosphate mines and mineral processing plant complexes in Florida and North Carolina. The Company also has four phosphate feed plants in the United States and produce phosphoric acid at its Geismar Louisiana facility.

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