ICL Group Ltd (NYSE:ICL) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its holdings in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 20.0% during the 4th quarter, according to its most recent filing 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 quarter. First Trust Advisors LP owned approximately 0.07% of ICL Group worth $4,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Lindbrook Capital LLC grew its position in shares of ICL Group by 56.8% during the fourth quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 1,910 shares in the last quarter. GeoWealth Management LLC boosted its holdings 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 valued at $37,000 after purchasing an additional 6,575 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of ICL Group by 223.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company's stock valued at $53,000 after buying an additional 7,405 shares during the period. Savant Capital LLC bought a new stake in shares of ICL Group in the 4th quarter valued at about $54,000. Finally, Wealthstream Advisors Inc. bought a new stake in ICL Group during the 4th quarter valued at $57,000. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Barclays raised their target price on ICL Group from $6.00 to $7.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 5th. BMO Capital Markets upped their price target on ICL Group from $6.00 to $6.50 and gave the company a "market perform" rating in a research report on Thursday, February 27th. Finally, StockNews.com lowered shares of ICL Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th.

ICL Group Stock Performance

Shares of ICL stock traded up $0.02 during mid-day trading on Wednesday, hitting $6.86. The stock had a trading volume of 727,992 shares, compared to its average volume of 798,229. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91. The company's 50-day simple moving average is $6.16 and its 200-day simple moving average is $5.49. ICL Group Ltd has a fifty-two week low of $3.79 and a fifty-two week high of $6.91. The firm has a market cap of $9.01 billion, a PE ratio of 22.11, a PEG ratio of 7.10 and a beta of 1.15.

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

ICL Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.0403 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.35%. This is a boost from ICL Group's previous quarterly dividend of $0.01. ICL Group's payout ratio is presently 50.00%.

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.