Fmr LLC Decreases Stake in ICL Group Ltd (NYSE:ICL)

Fmr LLC lessened its stake in shares of ICL Group Ltd (NYSE:ICL) by 5.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 260,983 shares of the basic materials company’s stock after selling 15,291 shares during the quarter. Fmr LLC’s holdings in ICL Group were worth $1,112,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GW Henssler & Associates Ltd. raised its holdings in ICL Group by 18.0% during the 3rd quarter. GW Henssler & Associates Ltd. now owns 19,726 shares of the basic materials company’s stock valued at $84,000 after buying an additional 3,010 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of ICL Group by 10.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 37,721 shares of the basic materials company’s stock valued at $166,000 after acquiring an additional 3,667 shares during the last quarter. Optas LLC raised its stake in shares of ICL Group by 18.1% during the second quarter. Optas LLC now owns 28,782 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 4,410 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of ICL Group by 22.3% during the third quarter. Inspire Investing LLC now owns 24,847 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 4,535 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of ICL Group by 3.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 206,148 shares of the basic materials company’s stock worth $893,000 after purchasing an additional 6,148 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised ICL Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th.

ICL Group Stock Performance

NYSE:ICL opened at $4.98 on Tuesday. 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 firm’s fifty day simple moving average is $4.40 and its 200 day simple moving average is $4.34. The stock has a market cap of $6.54 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 7.00 and a beta of 1.25. ICL Group Ltd has a twelve month low of $3.79 and a twelve month high of $5.54.

ICL Group (NYSE:ICL) last announced its earnings results on Monday, November 11th. The basic materials company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the firm posted $0.11 EPS. As a group, research analysts predict that ICL Group Ltd will post 0.35 EPS for the current year.

ICL Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.0133 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.05 annualized dividend and a yield of 1.07%. ICL Group’s payout ratio is 45.16%.

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.