635,609 Shares in ICL Group Ltd (NYSE:ICL) Purchased by Wellington Management Group LLP

Wellington Management Group LLP bought a new stake in ICL Group Ltd (NYSE:ICL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 635,609 shares of the basic materials company's stock, valued at approximately $3,140,000.

A number of other institutional investors have also added to or reduced their stakes in ICL. Arrowstreet Capital Limited Partnership increased its stake in shares of ICL Group by 2.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 8,362,914 shares of the basic materials company's stock worth $41,336,000 after purchasing an additional 219,101 shares during the last quarter. Norges Bank bought a new stake in ICL Group in the fourth quarter valued at approximately $3,610,000. JPMorgan Chase & Co. raised its stake in ICL Group by 24.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,900,381 shares of the basic materials company's stock valued at $9,388,000 after buying an additional 373,407 shares during the period. United Services Automobile Association bought a new position in shares of ICL Group during the 4th quarter worth approximately $108,000. Finally, Vanguard Group Inc. increased its holdings in shares of ICL Group by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 26,898,125 shares of the basic materials company's stock worth $132,850,000 after acquiring an additional 626,553 shares during the last quarter. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. BMO Capital Markets lifted their price objective on shares of ICL Group from $6.00 to $6.50 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. StockNews.com cut shares of ICL Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. Finally, Barclays boosted their price objective on 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 Stock Performance

Shares of ICL Group stock traded up $0.07 during trading on Thursday, reaching $6.38. The company's stock had a trading volume of 83,684 shares, compared to its average volume of 788,809. 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 business's 50-day moving average price is $5.99 and its 200-day moving average price is $5.22. ICL Group Ltd has a 52 week low of $3.79 and a 52 week high of $6.57. The firm has a market cap of $8.38 billion, a PE ratio of 20.56, a P/E/G ratio of 7.10 and a beta of 1.18.

ICL Group (NYSE:ICL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.08. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.65 billion. Equities 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 dividend on an annualized basis and a yield of 2.53%. This is an increase from ICL Group's previous quarterly dividend of $0.01. ICL Group's dividend payout ratio is currently 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.