ICL Group Ltd (NYSE:ICL) Position Trimmed by CoreCommodity Management LLC

CoreCommodity Management LLC reduced its holdings in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 65.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,550 shares of the basic materials company's stock after selling 147,050 shares during the quarter. CoreCommodity Management LLC's holdings in ICL Group were worth $388,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. grew its holdings in ICL Group by 23.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 58,130 shares of the basic materials company's stock worth $287,000 after acquiring an additional 11,012 shares during the period. Jane Street Group LLC boosted its stake in ICL Group by 152.6% in the 4th quarter. Jane Street Group LLC now owns 265,876 shares of the basic materials company's stock valued at $1,316,000 after buying an additional 160,600 shares in the last quarter. PDT Partners LLC acquired a new position in shares of ICL Group during the fourth quarter valued at $281,000. Northern Trust Corp increased its holdings in shares of ICL Group by 758.4% in the fourth quarter. Northern Trust Corp now owns 213,816 shares of the basic materials company's stock worth $1,056,000 after acquiring an additional 188,906 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of ICL Group by 1.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 502,733 shares of the basic materials company's stock worth $2,479,000 after buying an additional 7,408 shares in the last quarter. 13.38% of the stock is currently owned by institutional investors.

ICL Group Price Performance

ICL stock traded down $0.05 during mid-day trading on Monday, hitting $6.87. The company had a trading volume of 213,435 shares, compared to its average volume of 798,269. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 22.11, a P/E/G ratio of 7.10 and a beta of 1.15. ICL Group Ltd has a 12-month low of $3.79 and a 12-month high of $7.04. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $6.20 and a 200 day moving average price of $5.55.

ICL Group (NYSE:ICL - Get Free Report) last released its quarterly earnings data 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 net margin of 5.83% and a return on equity of 8.31%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.65 billion. On average, research analysts anticipate that ICL Group Ltd will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th were paid a dividend of $0.0403 per share. 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 2.35%. The ex-dividend date of this dividend was Wednesday, March 12th. ICL Group's dividend payout ratio is presently 50.00%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ICL. Barclays raised their price objective on ICL Group from $6.00 to $7.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 5th. StockNews.com lowered ICL Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. Finally, BMO Capital Markets increased their target price on ICL Group from $6.00 to $6.50 and gave the stock a "market perform" rating in a research report on Thursday, February 27th.

ICL Group Profile

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.