ICL Group Ltd (NYSE:ICL) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its holdings in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 29.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 106,682 shares of the basic materials company's stock after selling 45,558 shares during the quarter. Wells Fargo & Company MN's holdings in ICL Group were worth $527,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ICL. Charles Schwab Investment Management Inc. grew its stake in shares of ICL Group by 85.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 145,072 shares of the basic materials company's stock valued at $717,000 after buying an additional 66,933 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in 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 valued at $41,336,000 after acquiring an additional 219,101 shares during the last quarter. Meitav Investment House Ltd. grew 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 acquiring an additional 3,606,357 shares during the period. M&T Bank Corp acquired a new stake in ICL Group during the fourth quarter worth about $65,000. Finally, Vanguard Group Inc. raised its holdings 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 worth $132,850,000 after purchasing an additional 626,553 shares during the period. Institutional investors and hedge funds own 13.38% of the company's stock.

ICL Group Stock Up 0.2 %

ICL Group stock traded up $0.02 during midday trading on Wednesday, hitting $6.86. 727,992 shares of the company were exchanged, compared to its average volume of 797,556. The company has a market cap of $9.01 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 7.10 and a beta of 1.15. The company's fifty day moving average price is $6.14 and its 200-day moving average price is $5.48. ICL Group Ltd has a fifty-two week low of $3.79 and a fifty-two week high of $6.96. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91.

ICL Group (NYSE:ICL - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share 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 business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.65 billion. On average, research analysts predict that ICL Group Ltd will post 0.37 EPS for the current fiscal year.

ICL Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th were paid a $0.0403 dividend. This is a boost from ICL Group's previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, March 12th. This represents a $0.16 annualized dividend and a dividend yield of 2.35%. ICL Group's payout ratio is 50.00%.

Analyst Upgrades and Downgrades

ICL has been the subject of a number of research analyst reports. BMO Capital Markets increased 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 report on Thursday, February 27th. StockNews.com lowered shares of ICL Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 27th. Finally, Barclays lifted their target price on shares of ICL Group from $6.00 to $7.00 and gave the company 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.