Meitav Investment House Ltd. Sells 222,123 Shares of ICL Group Ltd (NYSE:ICL)

Meitav Investment House Ltd. decreased its position in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,684,722 shares of the basic materials company's stock after selling 222,123 shares during the period. ICL Group accounts for about 1.2% of Meitav Investment House Ltd.'s investment portfolio, making the stock its 22nd largest position. Meitav Investment House Ltd.'s holdings in ICL Group were worth $83,595,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in ICL Group by 1.5% during the third quarter. Vanguard Group Inc. now owns 24,474,776 shares of the basic materials company's stock valued at $135,835,000 after purchasing an additional 373,097 shares during the period. Phoenix Holdings Ltd. increased its holdings in ICL Group by 0.9% during the third quarter. Phoenix Holdings Ltd. now owns 15,704,280 shares of the basic materials company's stock valued at $87,159,000 after buying an additional 138,500 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in ICL Group by 4.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 8,653,126 shares of the basic materials company's stock valued at $58,056,000 after buying an additional 363,493 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in ICL Group by 19.1% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 6,631,278 shares of the basic materials company's stock valued at $36,701,000 after acquiring an additional 1,062,203 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in ICL Group by 1.5% in the second quarter. BlackRock Inc. now owns 5,256,657 shares of the basic materials company's stock valued at $28,806,000 after acquiring an additional 76,369 shares in the last quarter. Institutional investors own 13.38% of the company's stock.

ICL Group Stock Performance

NYSE:ICL traded down $0.13 during trading hours on Thursday, reaching $4.89. 823,967 shares of the company's stock were exchanged, compared to its average volume of 890,498. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 9.46 and a beta of 1.22. The company has a 50-day moving average of $5.06 and a 200 day moving average of $5.03. The company has a quick ratio of 0.88, a current ratio of 1.53 and a debt-to-equity ratio of 0.30. ICL Group Ltd has a 1-year low of $4.30 and a 1-year high of $6.73.

ICL Group (NYSE:ICL - Get Free Report) last released its earnings results on Wednesday, February 28th. The basic materials company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. ICL Group had a net margin of 8.65% and a return on equity of 12.04%. The company had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.68 billion. Research analysts anticipate that ICL Group Ltd will post 0.37 EPS for the current year.

ICL Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 14th were given a $0.0476 dividend. The ex-dividend date was Wednesday, March 13th. This is a boost from ICL Group's previous quarterly dividend of $0.04. This represents a $0.19 annualized dividend and a dividend yield of 3.89%. ICL Group's dividend payout ratio (DPR) is currently 37.26%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays boosted their target price on shares of ICL Group from $4.00 to $4.50 and gave the company an "underweight" rating in a research report on Friday, March 1st. TheStreet cut shares of ICL Group from a "b-" rating to a "c+" rating in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $5.75.

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.

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