Bank of America Corp DE Decreases Position in ICL Group Ltd (NYSE:ICL)

Bank of America Corp DE decreased its position in ICL Group Ltd (NYSE:ICL - Free Report) by 44.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,054,573 shares of the basic materials company's stock after selling 832,419 shares during the period. Bank of America Corp DE owned 0.08% of ICL Group worth $5,210,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ICL. Blue Trust Inc. boosted its holdings in shares of ICL Group by 49.2% in the fourth quarter. Blue Trust Inc. now owns 60,588 shares of the basic materials company's stock valued at $299,000 after purchasing an additional 19,971 shares during the period. Caprock Group LLC purchased a new stake in shares of ICL Group in the fourth quarter valued at approximately $504,000. Optas LLC boosted its holdings in shares of ICL Group by 26.0% in the fourth quarter. Optas LLC now owns 29,210 shares of the basic materials company's stock valued at $144,000 after purchasing an additional 6,022 shares during the period. Y.D. More Investments Ltd boosted its holdings in shares of 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 valued at $81,334,000 after purchasing an additional 2,161,715 shares during the period. Finally, Savant Capital LLC purchased a new stake in shares of ICL Group in the fourth quarter valued at approximately $54,000. Hedge funds and other institutional investors own 13.38% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wall Street Zen lowered ICL Group from a "strong-buy" rating to a "buy" rating in a 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 report on Wednesday, March 5th. Finally, BMO Capital Markets upped their target price on 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 Stock Up 0.1%

ICL Group stock traded up $0.01 during mid-day trading on Friday, reaching $6.63. 581,417 shares of the company were exchanged, compared to its average volume of 813,784. The business has a fifty day moving average of $6.37 and a 200 day moving average of $5.80. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56. The firm has a market cap of $8.70 billion, a P/E ratio of 21.37, a PEG ratio of 7.10 and a beta of 1.15. ICL Group Ltd has a 12-month low of $3.79 and a 12-month high of $6.95.

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

ICL Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given 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 2.57%. The ex-dividend date of this dividend is Wednesday, June 4th. ICL Group's dividend payout ratio (DPR) is currently 51.61%.

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.