Crossmark Global Holdings Inc. Sells 1,003,305 Shares of ICL Group Ltd. (NYSE:ICL)

Crossmark Global Holdings Inc. reduced its holdings in shares of ICL Group Ltd. (NYSE:ICL - Free Report) by 57.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 730,468 shares of the basic materials company's stock after selling 1,003,305 shares during the quarter. Crossmark Global Holdings Inc. owned 0.06% of ICL Group worth $4,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Callan Capital LLC lifted its holdings in ICL Group by 12.6% in the first quarter. Callan Capital LLC now owns 18,531 shares of the basic materials company's stock valued at $104,000 after acquiring an additional 2,076 shares during the period. Bank of New York Mellon Corp lifted its holdings in ICL Group by 5.8% in the first quarter. Bank of New York Mellon Corp now owns 1,626,865 shares of the basic materials company's stock valued at $9,257,000 after acquiring an additional 89,399 shares during the period. Yelin Lapidot Holdings Management Ltd. lifted its holdings in ICL Group by 46.8% in the first quarter. Yelin Lapidot Holdings Management Ltd. now owns 537,457 shares of the basic materials company's stock valued at $3,058,000 after acquiring an additional 171,400 shares during the period. Sequoia Financial Advisors LLC increased its position in ICL Group by 8.8% in the first quarter. Sequoia Financial Advisors LLC now owns 52,254 shares of the basic materials company's stock worth $294,000 after buying an additional 4,241 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in ICL Group in the first quarter worth about $163,000. 13.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

ICL Group Stock Down 0.1%

Shares of NYSE:ICL traded down $0.01 during trading on Friday, hitting $7.07. 744,218 shares of the company's stock were exchanged, compared to its average volume of 841,270. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.85 and a current ratio of 1.47. ICL Group Ltd. has a 52-week low of $3.79 and a 52-week high of $7.35. The business's 50-day simple moving average is $6.77 and its 200 day simple moving average is $6.21.

ICL Group (NYSE:ICL - Get Free Report) last released 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. The business had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.82 billion. ICL Group had a return on equity of 7.86% and a net margin of 5.66%. As a group, research analysts anticipate that ICL Group Ltd. will post 0.37 EPS for the current year.

ICL Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a dividend of $0.0426 per share. This represents a $0.17 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Wednesday, June 4th. This is a boost from ICL Group's previous quarterly dividend of $0.04. ICL Group's dividend payout ratio (DPR) is currently 51.61%.

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.