Clal Insurance Enterprises Holdings Ltd Has $81.38 Million Stock Holdings in ICL Group Ltd (NYSE:ICL)

Clal Insurance Enterprises Holdings Ltd trimmed its stake in shares of ICL Group Ltd (NYSE:ICL) by 16.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,021,004 shares of the basic materials company’s stock after selling 3,844,605 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned 1.45% of ICL Group worth $81,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in ICL Group by 1.6% during the first quarter. Vanguard Group Inc. now owns 25,286,822 shares of the basic materials company’s stock worth $136,043,000 after buying an additional 392,805 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in ICL Group in the 3rd quarter worth approximately $6,689,000. Y.D. More Investments Ltd lifted its holdings in ICL Group by 2,927,153.2% during 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 buying an additional 14,635,766 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in ICL Group in the 3rd quarter valued at $11,967,000. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of ICL Group by 8.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 34,054 shares of the basic materials company’s stock valued at $180,000 after buying an additional 2,542 shares during the period. 13.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ICL shares. Barclays decreased their price target on ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock in a report on Friday, August 16th. StockNews.com upgraded shares of ICL Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th.

ICL Group Price Performance

NYSE:ICL opened at $4.62 on Friday. ICL Group Ltd has a 1 year low of $3.79 and a 1 year high of $5.54. The stock has a 50-day moving average price of $4.15 and a two-hundred day moving average price of $4.34. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 6.44 and a beta of 1.23. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30.

ICL Group (NYSE:ICL) last posted its earnings results on Monday, November 11th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the business earned $0.11 EPS. As a group, equities analysts expect that ICL Group Ltd will post 0.34 earnings per share for the current year.

ICL Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a $0.0133 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.05 annualized dividend and a yield of 1.15%. ICL Group’s dividend payout ratio is currently 48.39%.

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.