Crossmark Global Holdings Inc. Has $4.16 Million Stake in ICL Group Ltd. (NYSE:ICL)

Crossmark Global Holdings Inc. lessened its stake in ICL Group Ltd. (NYSE:ICL - Free Report) by 57.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 730,468 shares of the basic materials company's stock after selling 1,003,305 shares during the period. Crossmark Global Holdings Inc. owned about 0.06% of ICL Group worth $4,156,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. GeoWealth Management LLC boosted its holdings in ICL Group by 754.0% in the fourth quarter. GeoWealth Management LLC now owns 7,447 shares of the basic materials company's stock worth $37,000 after purchasing an additional 6,575 shares during the period. Foster Group Inc. acquired a new stake in ICL Group in the first quarter worth about $59,000. Simon Quick Advisors LLC acquired a new stake in ICL Group in the 1st quarter valued at about $64,000. Seven Mile Advisory acquired a new stake in ICL Group during the fourth quarter valued at approximately $59,000. Finally, M&T Bank Corp acquired a new stake in ICL Group during the fourth quarter valued at approximately $65,000. Institutional investors own 13.38% of the company's stock.

ICL Group Stock Up 2.4%

Shares of ICL traded up $0.17 during mid-day trading on Wednesday, hitting $7.22. 879,921 shares of the company's stock were exchanged, compared to its average volume of 839,450. The firm has a fifty day moving average of $6.75 and a two-hundred day moving average of $6.17. ICL Group Ltd. has a twelve month low of $3.79 and a twelve month high of $7.35. The stock has a market cap of $9.49 billion, a price-to-earnings ratio of 23.29 and a beta of 1.12. The company has a quick ratio of 0.85, a current ratio of 1.47 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 (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. ICL Group had a net margin of 5.66% and a return on equity of 7.86%. On average, sell-side analysts forecast that ICL Group Ltd. will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued a dividend of $0.0426 per share. This is an increase from ICL Group's previous quarterly dividend of $0.04. This represents a $0.17 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Wednesday, June 4th. ICL Group's dividend payout ratio (DPR) is currently 51.61%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upped their price target on shares of ICL Group from $5.80 to $6.20 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd.

ICL Group Company 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.