Sequoia Financial Advisors LLC Has $91,000 Holdings in ICL Group Ltd (NYSE:ICL)

Sequoia Financial Advisors LLC cut its stake in ICL Group Ltd (NYSE:ICL) by 41.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,226 shares of the basic materials company’s stock after selling 15,261 shares during the period. Sequoia Financial Advisors LLC’s holdings in ICL Group were worth $91,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of ICL Group by 1.6% in the first quarter. Vanguard Group Inc. now owns 25,286,822 shares of the basic materials company’s stock valued at $136,043,000 after buying an additional 392,805 shares during the period. Y.D. More Investments Ltd lifted its position in shares of ICL Group by 2,927,153.2% in the 2nd quarter. Y.D. More Investments Ltd now owns 14,636,266 shares of the basic materials company’s stock worth $62,766,000 after acquiring an additional 14,635,766 shares during the period. Inspire Investing LLC grew its holdings in shares of ICL Group by 23.6% during the 1st quarter. Inspire Investing LLC now owns 21,774 shares of the basic materials company’s stock worth $117,000 after purchasing an additional 4,162 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of ICL Group by 8.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 34,054 shares of the basic materials company’s stock valued at $180,000 after purchasing an additional 2,542 shares during the period. Finally, PEAK6 Investments LLC acquired a new position in shares of ICL Group in the first quarter valued at $363,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ICL. Barclays lowered their target price on shares of ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock in a research note on Friday, August 16th. StockNews.com cut shares of ICL Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 30th.

ICL Group Price Performance

Shares of NYSE ICL opened at $4.18 on Thursday. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 5.78 and a beta of 1.22. ICL Group Ltd has a fifty-two week low of $3.79 and a fifty-two week high of $5.54. The business has a 50-day moving average of $4.15 and a 200-day moving average of $4.37. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.62 and a quick ratio of 0.94.

ICL Group (NYSE:ICL) last announced its quarterly earnings results on Wednesday, August 14th. The basic materials company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. ICL Group had a return on equity of 8.41% and a net margin of 6.08%. During the same quarter in the previous year, the business earned $0.13 earnings per share. As a group, sell-side analysts predict that ICL Group Ltd will post 0.34 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a $0.037 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Wednesday, September 4th. ICL Group’s payout ratio is currently 37.84%.

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.