Altshuler Shaham Ltd lessened its stake in ICL Group Ltd (NYSE:ICL - Free Report) by 79.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,839,883 shares of the basic materials company's stock after selling 38,136,635 shares during the period. ICL Group makes up about 1.6% of Altshuler Shaham Ltd's holdings, making the stock its 13th biggest holding. Altshuler Shaham Ltd owned 0.75% of ICL Group worth $48,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in ICL Group by 85.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 145,072 shares of the basic materials company's stock worth $717,000 after acquiring an additional 66,933 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of ICL Group by 2.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 8,362,914 shares of the basic materials company's stock valued at $41,336,000 after buying an additional 219,101 shares in the last quarter. Stifel Financial Corp lifted its holdings in ICL Group by 65.0% in the 3rd quarter. Stifel Financial Corp now owns 591,187 shares of the basic materials company's stock worth $2,513,000 after purchasing an additional 232,842 shares in the last quarter. Meitav Investment House Ltd. boosted its position in shares of ICL Group by 21.3% during the fourth quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company's stock worth $101,391,000 after acquiring an additional 3,606,357 shares during the last quarter. Finally, M&T Bank Corp bought a new stake in shares of ICL Group in the fourth quarter worth about $65,000. Institutional investors own 13.38% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on ICL. BMO Capital Markets increased their target price on shares of ICL Group from $6.00 to $6.50 and gave the company a "market perform" rating in a research note on Thursday, February 27th. Barclays upped their target price on ICL Group from $6.00 to $7.00 and gave the company an "equal weight" rating in a report on Wednesday, March 5th. Finally, StockNews.com lowered ICL Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 27th.
View Our Latest Stock Report on ICL Group
ICL Group Stock Performance
ICL traded up $0.08 during trading on Tuesday, reaching $6.44. The company's stock had a trading volume of 160,841 shares, compared to its average volume of 788,152. The company has a market capitalization of $8.46 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 7.10 and a beta of 1.18. The company's fifty day moving average price is $6.01 and its 200-day moving average price is $5.28. ICL Group Ltd has a 52-week low of $3.79 and a 52-week high of $6.57. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56.
ICL Group (NYSE:ICL - Get Free Report) last announced its earnings results on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.08. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.65 billion. On average, equities analysts forecast that ICL Group Ltd will post 0.37 earnings per share for the current fiscal year.
ICL Group Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th were given a $0.0403 dividend. The ex-dividend date was Wednesday, March 12th. This is an increase from ICL Group's previous quarterly dividend of $0.01. This represents a $0.16 annualized dividend and a yield of 2.50%. ICL Group's dividend payout ratio (DPR) is currently 50.00%.
ICL Group Profile
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Free Report)
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.
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