CoreCommodity Management LLC Sells 147,050 Shares of ICL Group Ltd (NYSE:ICL)

CoreCommodity Management LLC lowered its position in shares of ICL Group Ltd (NYSE:ICL) by 65.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 78,550 shares of the basic materials company’s stock after selling 147,050 shares during the quarter. CoreCommodity Management LLC’s holdings in ICL Group were worth $388,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Moody National Bank Trust Division bought a new position in shares of ICL Group during the fourth quarter valued at about $68,000. Claro Advisors LLC increased its holdings in ICL Group by 18.4% during the 4th quarter. Claro Advisors LLC now owns 18,458 shares of the basic materials company’s stock valued at $91,000 after purchasing an additional 2,872 shares during the period. Ignite Planners LLC raised its position in ICL Group by 5.1% during the 4th quarter. Ignite Planners LLC now owns 157,515 shares of the basic materials company’s stock valued at $797,000 after purchasing an additional 7,598 shares during the last quarter. Kathmere Capital Management LLC purchased a new stake in ICL Group in the 4th quarter worth approximately $141,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of ICL Group by 223.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company’s stock worth $53,000 after buying an additional 7,405 shares during the last quarter. Institutional investors own 13.38% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. BMO Capital Markets raised their price target on ICL Group from $6.00 to $6.50 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. StockNews.com lowered shares of ICL Group from a “strong-buy” rating to a “buy” rating in a 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 research note on Wednesday, March 5th.

ICL Group Stock Up 0.5 %

Shares of NYSE:ICL opened at $6.85 on Wednesday. The firm has a market capitalization of $8.99 billion, a P/E ratio of 22.08, a P/E/G ratio of 7.10 and a beta of 1.15. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56. The stock has a 50 day moving average price of $6.14 and a 200-day moving average price of $5.48. ICL Group Ltd has a 52-week low of $3.79 and a 52-week high of $6.96.

ICL Group (NYSE:ICL) last announced its quarterly earnings data on Wednesday, February 26th. The basic materials company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.65 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. As a group, equities research analysts anticipate that ICL Group Ltd will post 0.37 EPS for the current fiscal year.

ICL Group Increases Dividend

The company also recently disclosed 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. This represents a $0.16 annualized dividend and a yield of 2.36%. This is an increase from ICL Group’s previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, March 12th. ICL Group’s dividend payout ratio is 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.