ICL Group Ltd. $ICL Holdings Lessened by Y.D. More Investments Ltd

Y.D. More Investments Ltd decreased its holdings in shares of ICL Group Ltd. (NYSE:ICL) by 0.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,665,030 shares of the basic materials company’s stock after selling 34,773 shares during the period. ICL Group comprises approximately 8.3% of Y.D. More Investments Ltd’s holdings, making the stock its 2nd largest position. Y.D. More Investments Ltd’s holdings in ICL Group were worth $120,965,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Citizens Financial Group Inc. RI bought a new position in ICL Group during the second quarter valued at approximately $76,000. Creative Planning raised its holdings in shares of ICL Group by 6.9% during the 2nd quarter. Creative Planning now owns 543,580 shares of the basic materials company’s stock worth $3,731,000 after acquiring an additional 35,131 shares in the last quarter. D Orazio & Associates Inc. bought a new position in shares of ICL Group during the 2nd quarter valued at approximately $111,000. PNC Financial Services Group Inc. grew its stake in shares of ICL Group by 33.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 63,772 shares of the basic materials company’s stock worth $439,000 after buying an additional 16,053 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of ICL Group in the 2nd quarter worth about $104,000. 13.38% of the stock is owned by institutional investors.

ICL Group Stock Performance

Shares of NYSE:ICL opened at $5.44 on Friday. The firm has a 50 day moving average of $6.23 and a 200 day moving average of $6.48. 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 capitalization of $7.14 billion, a price-to-earnings ratio of 18.74 and a beta of 1.12. ICL Group Ltd. has a 52 week low of $4.34 and a 52 week high of $7.35.

ICL Group (NYSE:ICL) last announced its quarterly 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. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.95 billion. ICL Group had a return on equity of 7.51% and a net margin of 5.28%. On average, sell-side analysts predict that ICL Group Ltd. will post 0.37 earnings per share for the current fiscal year.

ICL Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Tuesday, December 2nd will be given a dividend of $0.048 per share. This represents a $0.19 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 2nd. ICL Group’s dividend payout ratio is presently 48.28%.

Analysts Set New Price Targets

ICL has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of ICL Group in a report on Thursday. Barclays dropped their price objective on shares of ICL Group from $7.00 to $6.00 and set an “equal weight” rating for the company in a research note on Thursday. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $6.23.

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.