Y.D. More Investments Ltd Purchases 2,161,715 Shares of ICL Group Ltd (NYSE:ICL)

Y.D. More Investments Ltd boosted its position in ICL Group Ltd (NYSE:ICL - Free Report) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,479,059 shares of the basic materials company's stock after purchasing an additional 2,161,715 shares during the period. ICL Group comprises approximately 7.3% of Y.D. More Investments Ltd's holdings, making the stock its 2nd largest position. Y.D. More Investments Ltd owned about 1.25% of ICL Group worth $81,334,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Optas LLC raised its holdings in ICL Group by 26.0% during the fourth quarter. Optas LLC now owns 29,210 shares of the basic materials company's stock worth $144,000 after purchasing an additional 6,022 shares during the last quarter. Caprock Group LLC purchased a new stake in shares of ICL Group in the 4th quarter worth about $504,000. Blue Trust Inc. grew its stake in ICL Group by 49.2% in the 4th quarter. Blue Trust Inc. now owns 60,588 shares of the basic materials company's stock valued at $299,000 after acquiring an additional 19,971 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in ICL Group by 10.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 1,733,773 shares of the basic materials company's stock valued at $8,564,000 after acquiring an additional 159,910 shares in the last quarter. Finally, Ballentine Partners LLC raised its position in ICL Group by 61.2% during the fourth quarter. Ballentine Partners LLC now owns 34,790 shares of the basic materials company's stock worth $172,000 after acquiring an additional 13,212 shares during the last quarter. Institutional investors and hedge funds own 13.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ICL shares. Barclays upgraded ICL Group from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $4.00 to $6.00 in a research report on Tuesday, January 21st. StockNews.com upgraded shares of ICL Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 12th.

ICL Group Trading Up 2.8 %

ICL stock opened at $6.01 on Wednesday. The business has a fifty day simple moving average of $5.25 and a 200-day simple moving average of $4.58. ICL Group Ltd has a 52 week low of $3.79 and a 52 week high of $6.18. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The company has a market cap of $7.89 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 6.70 and a beta of 1.23.

ICL Group (NYSE:ICL - Get Free Report) last issued its earnings results on Monday, November 11th. The basic materials company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. During the same quarter in the prior year, the business earned $0.11 earnings per share. On average, equities research analysts expect that ICL Group Ltd will post 0.37 EPS for the current year.

ICL Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were given a dividend of $0.0133 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.89%. 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.

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