Wellington Management Group LLP Invests $3.14 Million in ICL Group Ltd (NYSE:ICL)

Wellington Management Group LLP purchased a new stake in ICL Group Ltd (NYSE:ICL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 635,609 shares of the basic materials company's stock, valued at approximately $3,140,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Lindbrook Capital LLC boosted its holdings in shares of ICL Group by 56.8% in the fourth quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 1,910 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in ICL Group by 223.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 7,405 shares during the period. Savant Capital LLC acquired a new stake in shares of ICL Group in the fourth quarter valued at about $54,000. Wealthstream Advisors Inc. purchased a new stake in ICL Group during the fourth quarter worth about $57,000. Finally, M&T Bank Corp purchased a new stake in ICL Group during the fourth quarter worth about $65,000. 13.38% of the stock is owned by institutional investors and hedge funds.

ICL Group Price Performance

NYSE:ICL traded down $0.01 during trading hours on Tuesday, reaching $6.32. 444,246 shares of the company traded hands, compared to its average volume of 791,701. 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 firm's 50-day moving average is $5.97 and its 200-day moving average is $5.21. The stock has a market cap of $8.30 billion, a P/E ratio of 20.37, a P/E/G ratio of 7.10 and a beta of 1.18. ICL Group Ltd has a 1-year low of $3.79 and a 1-year high of $6.57.

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ICL Group (NYSE:ICL - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.65 billion. Equities research analysts expect that ICL Group Ltd will post 0.37 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.0403 per share. The ex-dividend date was Wednesday, March 12th. This is an increase from ICL Group's previous quarterly dividend of $0.01. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.55%. ICL Group's payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

ICL has been the topic of several research analyst reports. Barclays boosted their price target on ICL Group from $6.00 to $7.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 5th. BMO Capital Markets lifted 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. Finally, StockNews.com cut shares of ICL Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 27th.

ICL Group 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.