Vanguard Group Inc. Has $156.34 Million Holdings in ICL Group Ltd. $ICL

Vanguard Group Inc. lifted its stake in ICL Group Ltd. (NYSE:ICL) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,529,333 shares of the basic materials company’s stock after buying an additional 631,208 shares during the period. Vanguard Group Inc. owned about 2.10% of ICL Group worth $156,339,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ICL. Cerity Partners LLC boosted its holdings in shares of ICL Group by 67.0% in the 4th quarter. Cerity Partners LLC now owns 83,381 shares of the basic materials company’s stock worth $394,000 after acquiring an additional 33,463 shares in the last quarter. Mariner LLC boosted its holdings in shares of ICL Group by 81.8% in the 4th quarter. Mariner LLC now owns 83,621 shares of the basic materials company’s stock worth $413,000 after acquiring an additional 37,633 shares in the last quarter. GeoWealth Management LLC boosted its holdings in shares of ICL Group by 754.0% in the 4th quarter. GeoWealth Management LLC now owns 7,447 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 6,575 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of ICL Group by 8.9% in the 4th quarter. Stifel Financial Corp now owns 643,583 shares of the basic materials company’s stock worth $3,179,000 after acquiring an additional 52,396 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of ICL Group by 11.1% in the 4th quarter. Hsbc Holdings PLC now owns 224,643 shares of the basic materials company’s stock worth $1,109,000 after acquiring an additional 22,393 shares in the last quarter. 13.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley boosted their target price on ICL Group from $5.80 to $6.20 and gave the stock an “equal weight” rating in a report on Wednesday, July 2nd. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.57.

ICL Group Trading Down 0.7%

Shares of ICL Group stock opened at $6.2150 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.75 and a quick ratio of 1.05. The firm has a 50 day simple moving average of $6.64 and a 200 day simple moving average of $6.39. ICL Group Ltd. has a fifty-two week low of $3.79 and a fifty-two week high of $7.35.

ICL Group (NYSE:ICL) last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. ICL Group had a net margin of 5.28% and a return on equity of 7.51%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. On average, analysts anticipate that ICL Group Ltd. will post 0.37 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued a $0.0426 dividend. This is an increase from ICL Group’s previous quarterly dividend of $0.04. This represents a $0.17 annualized dividend and a yield of 2.7%. The ex-dividend date was Wednesday, June 4th. ICL Group’s dividend payout ratio (DPR) is currently 44.83%.

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.