ICL Group Ltd. $ICL Shares Sold by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd lessened its holdings in shares of ICL Group Ltd. (NYSE:ICL) by 15.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,074,078 shares of the basic materials company’s stock after selling 2,790,983 shares during the period. ICL Group makes up 1.0% of Clal Insurance Enterprises Holdings Ltd’s holdings, making the stock its 28th biggest position. Clal Insurance Enterprises Holdings Ltd’s holdings in ICL Group were worth $103,255,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC raised its stake in shares of ICL Group by 23.7% during the 2nd quarter. CWM LLC now owns 8,248 shares of the basic materials company’s stock valued at $57,000 after buying an additional 1,581 shares during the last quarter. Truist Financial Corp purchased a new position in shares of ICL Group during the 2nd quarter valued at approximately $69,000. Ascent Group LLC purchased a new position in ICL Group in the first quarter valued at $73,000. Citizens Financial Group Inc. RI acquired a new position in ICL Group in the 2nd quarter worth about $76,000. Finally, Simon Quick Advisors LLC raised its stake in shares of ICL Group by 26.0% during the 2nd quarter. Simon Quick Advisors LLC now owns 14,348 shares of the basic materials company’s stock worth $99,000 after buying an additional 2,958 shares during the period. 13.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ICL has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of ICL Group in a report on Thursday, November 13th. Barclays lowered their target price on shares of ICL Group from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 13th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.23.

ICL Group Stock Performance

Shares of ICL Group stock opened at $5.40 on Wednesday. The business’s 50 day moving average price is $6.20 and its 200 day moving average price is $6.46. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 18.60 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.05 and a current ratio of 1.75. ICL Group Ltd. has a one year low of $4.34 and a one year high of $7.35.

ICL Group (NYSE:ICL) last issued its earnings results on Wednesday, November 12th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. ICL Group had a return on equity of 7.51% and a net margin of 5.28%.The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.95 billion. On average, research analysts predict that ICL Group Ltd. will post 0.37 EPS for the current year.

ICL Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Tuesday, December 2nd will be paid a dividend of $0.048 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $0.19 dividend on an annualized basis and a yield of 3.6%. ICL Group’s payout ratio is 48.28%.

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.