ICL Group Ltd (NYSE:ICL) Shares Sold by Centerstone Investors LLC

Centerstone Investors LLC decreased its holdings in ICL Group Ltd (NYSE:ICL - Free Report) by 66.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 393,802 shares of the basic materials company's stock after selling 769,252 shares during the period. ICL Group makes up about 2.9% of Centerstone Investors LLC's holdings, making the stock its 13th biggest holding. Centerstone Investors LLC's holdings in ICL Group were worth $1,949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Two Sigma Investments LP raised its holdings in shares of ICL Group by 32.1% during the fourth quarter. Two Sigma Investments LP now owns 77,900 shares of the basic materials company's stock valued at $385,000 after acquiring an additional 18,914 shares in the last quarter. Tidal Investments LLC boosted its stake in ICL Group by 11.2% in the 4th quarter. Tidal Investments LLC now owns 63,433 shares of the basic materials company's stock worth $313,000 after purchasing an additional 6,379 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of ICL Group by 258.6% in the fourth quarter. Quantinno Capital Management LP now owns 250,589 shares of the basic materials company's stock worth $1,238,000 after buying an additional 180,713 shares in the last quarter. Nuveen Asset Management LLC lifted its position in ICL Group by 20.2% in the 4th quarter. Nuveen Asset Management LLC now owns 1,412,613 shares of the basic materials company's stock valued at $6,978,000 after acquiring an additional 237,704 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of ICL Group by 83.7% during the fourth quarter. Lazard Asset Management LLC now owns 102,025 shares of the basic materials company's stock valued at $504,000 after buying an additional 46,481 shares during the last quarter. Institutional investors own 13.38% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on ICL shares. Wall Street Zen lowered ICL Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. Barclays boosted their price target on ICL Group from $6.00 to $7.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 5th. Finally, BMO Capital Markets lifted their price objective on ICL Group from $6.00 to $6.50 and gave the stock a "market perform" rating in a research note on Thursday, February 27th.

ICL Group Trading Up 3.0%

Shares of NYSE ICL traded up $0.20 during trading hours on Wednesday, hitting $6.64. 454,064 shares of the company traded hands, compared to its average volume of 808,433. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 7.10 and a beta of 1.15. The company's 50 day moving average price is $6.32 and its 200 day moving average price is $5.74. ICL Group Ltd has a 12 month low of $3.79 and a 12 month high of $6.95. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30.

ICL Group (NYSE:ICL - Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The basic materials company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. On average, equities research analysts anticipate that ICL Group Ltd will post 0.37 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th were issued 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 yield of 2.43%. ICL Group's dividend payout ratio is presently 51.61%.

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.