Massmutual Trust Co. FSB ADV Acquires 3,612 Shares of ICL Group Ltd (NYSE:ICL)

Massmutual Trust Co. FSB ADV grew its holdings in shares of ICL Group Ltd (NYSE:ICL) by 103.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,093 shares of the basic materials company’s stock after acquiring an additional 3,612 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in ICL Group were worth $38,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ICL. SVB Wealth LLC purchased a new position in shares of ICL Group during the 4th quarter valued at about $51,000. Blue Trust Inc. raised its holdings in shares of ICL Group by 45.6% during the 4th quarter. Blue Trust Inc. now owns 11,156 shares of the basic materials company’s stock valued at $62,000 after buying an additional 3,495 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in shares of ICL Group during the 3rd quarter valued at about $63,000. Tower Research Capital LLC TRC raised its holdings in shares of ICL Group by 72,341.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,315 shares of the basic materials company’s stock valued at $62,000 after buying an additional 12,298 shares in the last quarter. Finally, Capricorn Fund Managers Ltd purchased a new position in shares of ICL Group during the 4th quarter valued at about $68,000. Institutional investors own 13.38% of the company’s stock.

ICL Group Price Performance

Shares of ICL Group stock opened at $4.37 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.60 and a quick ratio of 0.93. The business’s 50 day simple moving average is $4.67 and its two-hundred day simple moving average is $4.86. The stock has a market capitalization of $5.74 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 6.35 and a beta of 1.25. ICL Group Ltd has a one year low of $4.30 and a one year high of $6.73.

ICL Group (NYSE:ICL) last announced its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.66 billion. ICL Group had a return on equity of 9.05% and a net margin of 6.68%. During the same period in the previous year, the firm earned $0.23 EPS. Analysts forecast that ICL Group Ltd will post 0.33 EPS for the current year.

ICL Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were paid a dividend of $0.0457 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.18 annualized dividend and a dividend yield of 4.19%. ICL Group’s dividend payout ratio (DPR) is presently 48.65%.

Analyst Upgrades and Downgrades

Separately, Barclays raised their price objective on ICL Group from $4.00 to $4.50 and gave the company an “underweight” rating in a report on Friday, March 1st.

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.