ICL Group Ltd (NYSE:ICL) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC cut its holdings in ICL Group Ltd (NYSE:ICLFree Report) by 38.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 23,115 shares of the basic materials company’s stock after selling 14,743 shares during the period. Parallel Advisors LLC’s holdings in ICL Group were worth $116,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Drive Wealth Management LLC boosted its holdings in shares of ICL Group by 23.1% in the 4th quarter. Drive Wealth Management LLC now owns 17,686 shares of the basic materials company’s stock valued at $89,000 after buying an additional 3,317 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of ICL Group by 29.9% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 14,943 shares of the basic materials company’s stock valued at $83,000 after buying an additional 3,436 shares during the period. Blue Trust Inc. boosted its holdings in shares of ICL Group by 45.6% in 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 during the period. Autumn Glory Partners LLC boosted its stake in ICL Group by 33.3% during the 4th quarter. Autumn Glory Partners LLC now owns 16,000 shares of the basic materials company’s stock valued at $80,000 after purchasing an additional 4,000 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in ICL Group by 3.8% during the 3rd quarter. Hsbc Holdings PLC now owns 113,968 shares of the basic materials company’s stock valued at $628,000 after purchasing an additional 4,192 shares during the period. 13.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Barclays boosted their target price on shares of ICL Group from $4.00 to $4.50 and gave the company an “underweight” rating in a research note on Friday, March 1st.

Get Our Latest Research Report on ICL Group

ICL Group Trading Down 0.6 %

ICL Group stock opened at $4.70 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.60 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $4.83 and a two-hundred day moving average price of $4.91. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 6.86 and a beta of 1.25. ICL Group Ltd has a 52-week low of $4.30 and a 52-week high of $6.73.

ICL Group (NYSE:ICLGet Free Report) last released 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. ICL Group had a net margin of 6.68% and a return on equity of 9.05%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the firm earned $0.23 EPS. Sell-side analysts expect that ICL Group Ltd will post 0.33 earnings per share for the current year.

ICL Group Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a dividend of $0.0457 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.89%. ICL Group’s dividend payout ratio (DPR) is 51.35%.

ICL Group Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for ICL Group (NYSE:ICL)

Receive News & Ratings for ICL Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ICL Group and related companies with MarketBeat.com's FREE daily email newsletter.