ICL Group Ltd (NYSE:ICL) Shares Sold by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd lessened its stake in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 16.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,021,004 shares of the basic materials company's stock after selling 3,844,605 shares during the period. Clal Insurance Enterprises Holdings Ltd owned 1.45% of ICL Group worth $81,384,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Litman Gregory Wealth Management LLC acquired a new position in ICL Group during the third quarter worth about $56,000. Marshall Wace LLP acquired a new position in ICL Group during the second quarter worth $56,000. Claro Advisors LLC purchased a new stake in ICL Group in the 3rd quarter valued at $66,000. Choreo LLC purchased a new position in shares of ICL Group during the 2nd quarter worth $67,000. Finally, SVB Wealth LLC boosted its position in shares of ICL Group by 66.0% during the 1st quarter. SVB Wealth LLC now owns 16,875 shares of the basic materials company's stock valued at $91,000 after acquiring an additional 6,709 shares during the last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ICL. Barclays decreased their target price on shares of ICL Group from $4.50 to $4.00 and set an "underweight" rating on the stock in a report on Friday, August 16th. StockNews.com raised ICL Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 12th.

ICL Group Trading Up 0.2 %

Shares of ICL stock traded up $0.01 during trading hours on Friday, hitting $4.63. The company had a trading volume of 485,126 shares, compared to its average volume of 857,167. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91. The stock has a market capitalization of $6.08 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 6.44 and a beta of 1.23. The company's fifty day moving average is $4.16 and its 200 day moving average is $4.34. ICL Group Ltd has a fifty-two week low of $3.79 and a fifty-two week high of $5.54.

ICL Group (NYSE:ICL - Get Free Report) last released its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The company had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.73 billion. During the same period in the prior year, the firm earned $0.11 earnings per share. Research analysts expect that ICL Group Ltd will post 0.34 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a $0.0133 dividend. This represents a $0.05 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Wednesday, December 4th. ICL Group's payout ratio is currently 48.39%.

About ICL Group

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.