Wellington Management Group LLP Sells 147,272 Shares of ICL Group Ltd. $ICL

Wellington Management Group LLP decreased its position in ICL Group Ltd. (NYSE:ICL) by 23.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 488,337 shares of the basic materials company’s stock after selling 147,272 shares during the quarter. Wellington Management Group LLP’s holdings in ICL Group were worth $2,737,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Korea Investment CORP grew its stake in shares of ICL Group by 3.5% in the 1st quarter. Korea Investment CORP now owns 246,549 shares of the basic materials company’s stock valued at $1,382,000 after buying an additional 8,379 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of ICL Group by 7.9% in the 1st quarter. Public Sector Pension Investment Board now owns 419,218 shares of the basic materials company’s stock valued at $2,350,000 after buying an additional 30,775 shares in the last quarter. Nuveen LLC bought a new stake in shares of ICL Group in the 1st quarter valued at approximately $9,424,000. Invesco Ltd. grew its stake in shares of ICL Group by 11.5% in the 1st quarter. Invesco Ltd. now owns 457,817 shares of the basic materials company’s stock valued at $2,605,000 after buying an additional 47,070 shares in the last quarter. Finally, Yahav Achim Ve Achayot Provident Funds Management Co Ltd. grew its stake in shares of ICL Group by 34.9% in the 1st quarter. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. now owns 456,170 shares of the basic materials company’s stock valued at $2,562,000 after buying an additional 118,000 shares in the last quarter. Institutional investors own 13.38% of the company’s stock.

Analyst Upgrades and Downgrades

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

ICL Group Stock Down 1.3%

ICL opened at $6.46 on Friday. The business has a 50 day moving average price of $6.60 and a 200 day moving average price of $6.42. ICL Group Ltd. has a twelve month low of $3.79 and a twelve month high of $7.35. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.05 and a current ratio of 1.75.

ICL Group (NYSE:ICL) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. ICL Group had a return on equity of 7.51% and a net margin of 5.28%.The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. Research analysts forecast that ICL Group Ltd. will post 0.37 EPS for the current year.

ICL Group Announces Dividend

The firm also recently declared a — dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be issued a dividend of $0.0426 per share. The ex-dividend date is Wednesday, September 3rd. This represents a dividend yield of 290.0%. ICL Group’s payout ratio is 44.83%.

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.