UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 67,847 Shares of ICL Group Ltd (NYSE:ICL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,267,680 shares of the basic materials company's stock after selling 67,847 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.10% of ICL Group worth $6,262,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Lindbrook Capital LLC boosted its position in shares of ICL Group by 56.8% in the fourth quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 1,910 shares during the period. GeoWealth Management LLC increased its stake in shares of 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 in the last quarter. Savant Capital LLC purchased a new position in shares of ICL Group during the fourth quarter valued at approximately $54,000. Wealthstream Advisors Inc. purchased a new stake in ICL Group in the fourth quarter worth about $57,000. Finally, Seven Mile Advisory acquired a new position in shares of ICL Group during the fourth quarter valued at about $59,000. Institutional investors and hedge funds own 13.38% of the company's stock.

ICL Group Stock Down 3.4%

Shares of ICL traded down $0.24 during midday trading on Thursday, reaching $6.75. 654,997 shares of the stock were exchanged, compared to its average volume of 821,584. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 21.79, a P/E/G 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 $7.05. The firm has a 50 day simple moving average of $6.43 and a 200-day simple moving average of $5.83.

ICL Group (NYSE:ICL - Get Free Report) last posted its 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 during the quarter, compared to analyst estimates of $1.82 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. Research analysts forecast that ICL Group Ltd will post 0.37 EPS for the current year.

ICL Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a $0.0426 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 2.53%. This is a positive change from ICL Group's previous quarterly dividend of $0.04. The ex-dividend date is Wednesday, June 4th. ICL Group's payout ratio is presently 51.61%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of ICL Group from $6.00 to $7.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 5th. BMO Capital Markets boosted their price target 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. Finally, Wall Street Zen cut shares of ICL Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 27th.

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.