ICL Group Ltd. $ICL Shares Sold by CWA Asset Management Group LLC

Key Points

• CWA Asset Management cut its position in ICL by 97.7% in Q4, selling 1,569,399 shares and retaining 37,107 shares valued at about $213,000.
• ICL reported Q4 EPS of $0.09 (in line) but revenue missed at $1.70B versus $1.77B expected, and the company paid a reduced quarterly dividend of $0.0465 (annualized $0.19) yielding 3.6% with an 82.35% payout ratio.
• The stock trades near $5.15 with a market cap of $6.64B, and analysts hold a consensus Hold rating with a $6.10 target price.

CWA Asset Management Group LLC lessened its position in ICL Group Ltd. (NYSE:ICL - Free Report) by 97.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,107 shares of the basic materials company's stock after selling 1,569,399 shares during the period. CWA Asset Management Group LLC's holdings in ICL Group were worth $213,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. MAI Capital Management grew its holdings in ICL Group by 2,055.0% during the second quarter. MAI Capital Management now owns 4,310 shares of the basic materials company's stock worth $30,000 after acquiring an additional 4,110 shares during the period. Centiva Capital LP acquired a new stake in ICL Group in the 3rd quarter valued at about $69,000. Thrivent Financial for Lutherans bought a new position in shares of ICL Group during the 2nd quarter valued at about $72,000. Credit Agricole S A bought a new position in shares of ICL Group during the 3rd quarter valued at about $72,000. Finally, Greenleaf Trust acquired a new position in shares of ICL Group in the 3rd quarter worth approximately $74,000. Institutional investors and hedge funds own 13.38% of the company's stock.

ICL Group Trading Down 0.1%

NYSE:ICL opened at $5.15 on Thursday. The stock has a fifty day simple moving average of $5.33 and a 200 day simple moving average of $5.65. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 30.26 and a beta of 0.99. ICL Group Ltd. has a 1-year low of $4.76 and a 1-year high of $7.35. The company has a quick ratio of 0.71, a current ratio of 1.33 and a debt-to-equity ratio of 0.30.

ICL Group (NYSE:ICL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. ICL Group had a return on equity of 7.44% and a net margin of 3.16%.The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.77 billion. Sell-side analysts forecast that ICL Group Ltd. will post 0.37 earnings per share for the current year.

ICL Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.0465 per share. The ex-dividend date was Tuesday, March 10th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 3.6%. ICL Group's payout ratio is currently 82.35%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of ICL Group in a research note on Monday, December 29th. Wall Street Zen lowered shares of ICL Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 14th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $6.10.

ICL Group Company Profile

ICL Group is a global specialty minerals and chemicals company headquartered in Tel Aviv, Israel. Established in its current form through the consolidation of Israeli government–owned chemical operations, ICL has evolved into a publicly traded entity on the New York Stock Exchange NYSE: ICL. The company's origins date back to state-driven mineral extraction in the Negev and the Dead Sea region, and over the decades it has grown through strategic acquisitions, technological innovation and a gradual privatization process completed in the early 2010s.

ICL's core operations are organized into three principal business areas.

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