Clal Insurance Enterprises Holdings Ltd Sells 3,844,605 Shares of ICL Group Ltd (NYSE:ICL)

Clal Insurance Enterprises Holdings Ltd lowered its holdings in shares of ICL Group Ltd (NYSE:ICL) by 16.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 19,021,004 shares of the basic materials company’s stock after selling 3,844,605 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in ICL Group were worth $81,384,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Litman Gregory Wealth Management LLC bought a new position in ICL Group during the 3rd quarter worth $56,000. Marshall Wace LLP bought a new position in shares of ICL Group in the second quarter worth $56,000. Claro Advisors LLC acquired a new position in ICL Group in the third quarter valued at about $66,000. Choreo LLC bought a new stake in ICL Group during the second quarter worth about $67,000. Finally, SVB Wealth LLC grew its stake in ICL Group by 66.0% during the first quarter. SVB Wealth LLC now owns 16,875 shares of the basic materials company’s stock worth $91,000 after buying an additional 6,709 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

Analysts Set New Price Targets

ICL has been the subject of a number of recent analyst reports. StockNews.com raised shares of ICL Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Barclays dropped their price target on ICL Group from $4.50 to $4.00 and set an “underweight” rating for the company in a research note on Friday, August 16th.

ICL Group Stock Performance

Shares of NYSE ICL opened at $4.62 on Friday. The stock has a market cap of $6.07 billion, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 6.44 and a beta of 1.23. The firm has a 50 day moving average price of $4.15 and a two-hundred day moving average price of $4.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56. ICL Group Ltd has a 52-week low of $3.79 and a 52-week high of $5.54.

ICL Group (NYSE:ICL) last released its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.11 EPS for the quarter, beating 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 firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the company posted $0.11 EPS. As a group, equities analysts forecast that ICL Group Ltd will post 0.34 EPS for the current year.

ICL Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued 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 payout ratio is 48.39%.

ICL Group Company 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.