Clal Insurance Enterprises Holdings Ltd Sells 1,021,243 Shares of ICL Group Ltd (NYSE:ICL)

Clal Insurance Enterprises Holdings Ltd trimmed its stake in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,999,761 shares of the basic materials company's stock after selling 1,021,243 shares during the period. Clal Insurance Enterprises Holdings Ltd owned about 1.37% of ICL Group worth $88,844,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Meitav Investment House Ltd. lifted its stake in ICL Group by 21.3% during the fourth quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company's stock valued at $101,391,000 after buying an additional 3,606,357 shares in the last quarter. Y.D. More Investments Ltd raised its holdings in shares of ICL Group by 15.1% during the fourth quarter. Y.D. More Investments Ltd now owns 16,479,059 shares of the basic materials company's stock valued at $81,334,000 after acquiring an additional 2,161,715 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of ICL Group in the 3rd quarter valued at approximately $6,689,000. Point72 Asset Management L.P. acquired a new position in ICL Group in the 3rd quarter worth approximately $1,316,000. Finally, Stifel Financial Corp grew its position in ICL Group by 65.0% during the 3rd quarter. Stifel Financial Corp now owns 591,187 shares of the basic materials company's stock worth $2,513,000 after purchasing an additional 232,842 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company's stock.

ICL Group Stock Up 4.4 %

Shares of NYSE:ICL traded up $0.26 during trading on Wednesday, reaching $6.04. 844,336 shares of the company traded hands, compared to its average volume of 972,762. The firm has a fifty day simple moving average of $5.71 and a 200 day simple moving average of $4.84. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. ICL Group Ltd has a 1-year low of $3.79 and a 1-year high of $6.57. The firm has a market cap of $7.93 billion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 7.10 and a beta of 1.23.

ICL Group (NYSE:ICL - Get Free Report) last issued its earnings results on Wednesday, February 26th. The basic materials company reported $0.08 EPS for the quarter, meeting analysts' consensus estimates of $0.08. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.65 billion. Analysts anticipate that ICL Group Ltd will post 0.37 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th will be issued a $0.0403 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.16 dividend on an annualized basis and a yield of 2.67%. This is an increase from ICL Group's previous quarterly dividend of $0.01. ICL Group's dividend payout ratio is currently 50.00%.

Analyst Ratings Changes

A number of research firms have recently issued reports on ICL. StockNews.com lowered ICL Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. BMO Capital Markets increased their price objective 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. Finally, Barclays lifted their target price on ICL Group from $6.00 to $7.00 and gave the company an "equal weight" rating in a research note on Wednesday.

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.