CoreCommodity Management LLC Sells 147,050 Shares of ICL Group Ltd (NYSE:ICL)

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

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ICL. Meitav Investment House Ltd. grew its stake in ICL Group by 21.3% in the 4th quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company's stock worth $101,391,000 after buying an additional 3,606,357 shares in the last quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD lifted its holdings in shares of ICL Group by 106.0% during the 4th quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 4,579,516 shares of the basic materials company's stock worth $22,584,000 after acquiring an additional 2,356,324 shares during the last quarter. Y.D. More Investments Ltd grew its position in ICL Group by 15.1% in the fourth quarter. Y.D. More Investments Ltd now owns 16,479,059 shares of the basic materials company's stock worth $81,334,000 after acquiring an additional 2,161,715 shares in the last quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD increased its stake in ICL Group by 101.6% in the fourth quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD now owns 1,582,283 shares of the basic materials company's stock valued at $7,803,000 after acquiring an additional 797,450 shares during the last quarter. Finally, Norges Bank purchased a new stake in ICL Group during the fourth quarter valued at about $3,610,000. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

ICL Group Trading Up 1.3 %

Shares of NYSE ICL traded up $0.09 during midday trading on Friday, reaching $6.93. The company had a trading volume of 408,369 shares, compared to its average volume of 798,900. The firm's fifty day moving average price is $6.20 and its 200-day moving average price is $5.53. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. ICL Group Ltd has a one year low of $3.79 and a one year high of $6.93. The stock has a market cap of $9.10 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 7.10 and a beta of 1.15.

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 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 firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.65 billion. On average, equities research analysts anticipate that ICL Group Ltd will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Wednesday, March 12th were given a $0.0403 dividend. This is a boost from ICL Group's previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, March 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.33%. ICL Group's payout ratio is presently 50.00%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. StockNews.com lowered ICL Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 27th. Barclays upped their target price 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. Finally, BMO Capital Markets boosted their price objective on shares of ICL Group from $6.00 to $6.50 and gave the stock a "market perform" rating in a 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.