D Orazio & Associates Inc. Invests $111,000 in ICL Group Ltd. $ICL

D Orazio & Associates Inc. acquired a new stake in ICL Group Ltd. (NYSE:ICL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,102 shares of the basic materials company’s stock, valued at approximately $111,000.

A number of other large investors also recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new stake in shares of ICL Group in the 1st quarter valued at approximately $117,000. Cerity Partners LLC raised its position in ICL Group by 135.4% in the first quarter. Cerity Partners LLC now owns 196,246 shares of the basic materials company’s stock valued at $1,109,000 after purchasing an additional 112,865 shares during the period. Truist Financial Corp purchased a new stake in ICL Group in the second quarter valued at approximately $69,000. M&T Bank Corp lifted its stake in ICL Group by 13.0% during the first quarter. M&T Bank Corp now owns 14,925 shares of the basic materials company’s stock worth $85,000 after purchasing an additional 1,716 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in shares of ICL Group by 84.7% during the second quarter. Sequoia Financial Advisors LLC now owns 96,499 shares of the basic materials company’s stock worth $662,000 after buying an additional 44,245 shares during the period. Institutional investors and hedge funds own 13.38% of the company’s stock.

ICL Group Stock Performance

NYSE:ICL opened at $5.48 on Friday. ICL Group Ltd. has a 52 week low of $4.31 and a 52 week high of $7.35. The company has a fifty day simple moving average of $6.24 and a two-hundred day simple moving average of $6.49. The company has a quick ratio of 1.05, a current ratio of 1.75 and a debt-to-equity ratio of 0.41. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 18.90 and a beta of 1.12.

ICL Group (NYSE:ICL) last released its earnings results on Wednesday, November 12th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. ICL Group had a return on equity of 7.51% and a net margin of 5.28%.The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.95 billion. As a group, equities analysts anticipate that ICL Group Ltd. will post 0.37 earnings per share for the current fiscal year.

ICL Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Tuesday, December 2nd will be paid a $0.048 dividend. This represents a $0.19 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, December 2nd. ICL Group’s dividend payout ratio (DPR) is presently 58.62%.

Analysts Set New Price Targets

ICL has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of ICL Group in a report on Wednesday, October 8th. Barclays lowered their target price on ICL Group from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Thursday. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.23.

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.