ICL Group Ltd (NYSE:ICL) Shares Sold by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd decreased its stake in shares of ICL Group Ltd (NYSE:ICL) by 5.4% during the fourth quarter, HoldingsChannel reports. The firm owned 17,999,761 shares of the basic materials company’s stock after selling 1,021,243 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in ICL Group were worth $88,844,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Claro Advisors LLC increased its stake in shares of ICL Group by 18.4% in the fourth quarter. Claro Advisors LLC now owns 18,458 shares of the basic materials company’s stock worth $91,000 after acquiring an additional 2,872 shares during the period. Quantbot Technologies LP increased its stake in shares of ICL Group by 35.6% in the third quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 2,985 shares during the period. Glenmede Trust Co. NA increased its stake in shares of ICL Group by 40.5% in the third quarter. Glenmede Trust Co. NA now owns 14,368 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 4,140 shares during the period. Optas LLC increased its stake in shares of ICL Group by 26.0% in the fourth quarter. Optas LLC now owns 29,210 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 6,022 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of ICL Group by 223.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 7,405 shares during the period. Institutional investors and hedge funds own 13.38% of the company’s stock.

ICL Group Stock Performance

Shares of NYSE ICL opened at $6.02 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56. The company has a market capitalization of $7.90 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 7.10 and a beta of 1.23. ICL Group Ltd has a 1 year low of $3.79 and a 1 year high of $6.57. The company’s fifty day moving average price is $5.67 and its 200 day moving average price is $4.81.

ICL Group (NYSE:ICL) last posted its quarterly earnings data on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.65 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. On average, research analysts predict that ICL Group Ltd will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.0403 per share. This represents a $0.16 annualized dividend and a yield of 2.68%. This is an increase from ICL Group’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, March 12th. ICL Group’s dividend payout ratio (DPR) is presently 40.63%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of ICL Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday. BMO Capital Markets increased their price target on shares of ICL Group from $6.00 to $6.50 and gave the stock a “market perform” rating in a report on Thursday. Finally, Barclays raised shares of ICL Group from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $4.00 to $6.00 in a report on Tuesday, January 21st.

About ICL Group

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.