First Trust Advisors LP Sells 235,623 Shares of ICL Group Ltd (NYSE:ICL)

First Trust Advisors LP reduced its holdings in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 20.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 942,375 shares of the basic materials company's stock after selling 235,623 shares during the period. First Trust Advisors LP owned about 0.07% of ICL Group worth $4,666,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ICL. Vanguard Group Inc. boosted its stake in shares of ICL Group by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 26,898,125 shares of the basic materials company's stock valued at $132,850,000 after purchasing an additional 626,553 shares in the last quarter. Meitav Investment House Ltd. boosted its position in ICL Group by 21.3% during the fourth quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company's stock valued at $101,391,000 after buying an additional 3,606,357 shares during the period. Y.D. More Investments Ltd grew its stake in shares of ICL Group by 15.1% during 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 buying an additional 2,161,715 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of ICL Group by 2.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,362,914 shares of the basic materials company's stock worth $41,336,000 after buying an additional 219,101 shares during the period. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD lifted its stake in shares of ICL Group by 106.0% in the 4th quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 4,579,516 shares of the basic materials company's stock valued at $22,584,000 after acquiring an additional 2,356,324 shares during the last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.

ICL Group Trading Up 1.0 %

NYSE ICL opened at $6.71 on Friday. The stock has a market cap of $8.81 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 7.10 and a beta of 1.18. ICL Group Ltd has a fifty-two week low of $3.79 and a fifty-two week high of $6.80. The stock has a 50 day simple moving average of $6.10 and a two-hundred day simple moving average of $5.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56.

ICL Group (NYSE:ICL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The basic materials company reported $0.08 EPS for the quarter, hitting analysts' consensus estimates of $0.08. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.65 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. On average, analysts forecast that ICL Group Ltd will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th were given a dividend of $0.0403 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.16 annualized dividend and a dividend yield of 2.40%. This is a boost from ICL Group's previous quarterly dividend of $0.01. ICL Group's payout ratio is currently 50.00%.

Analysts Set New Price Targets

ICL has been the topic of several recent research reports. StockNews.com lowered ICL Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 27th. BMO Capital Markets lifted their target price on shares of 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, Barclays raised their price target on shares of ICL Group from $6.00 to $7.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 5th.

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.

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