Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Has $34.77 Million Stock Holdings in ICL Group Ltd. $ICL

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD grew its holdings in ICL Group Ltd. (NYSE:ICL) by 32.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,060,600 shares of the basic materials company’s stock after buying an additional 1,481,084 shares during the quarter. ICL Group makes up 2.3% of Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD’s portfolio, making the stock its 11th largest position. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD’s holdings in ICL Group were worth $34,768,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Provident Co of the Employees of the Hebrew University LTD increased its stake in shares of ICL Group by 11.9% in the fourth quarter. Provident Co of the Employees of the Hebrew University LTD now owns 574,472 shares of the basic materials company’s stock valued at $3,296,000 after buying an additional 61,219 shares in the last quarter. Greenspring Advisors LLC acquired a new stake in shares of ICL Group in the fourth quarter valued at $71,000. Norges Bank acquired a new stake in shares of ICL Group in the fourth quarter valued at $122,297,000. Legal & General Group Plc increased its stake in shares of ICL Group by 11.0% in the fourth quarter. Legal & General Group Plc now owns 4,245,458 shares of the basic materials company’s stock valued at $24,371,000 after buying an additional 419,540 shares in the last quarter. Finally, Cadence Wealth Management LLC increased its stake in shares of ICL Group by 5.0% in the fourth quarter. Cadence Wealth Management LLC now owns 95,650 shares of the basic materials company’s stock valued at $550,000 after buying an additional 4,519 shares in the last quarter. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ICL. Wall Street Zen upgraded ICL Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Barclays raised their target price on ICL Group from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Monday, May 18th. Finally, Weiss Ratings upgraded ICL Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.60.

ICL Group Price Performance

ICL Group stock opened at $5.61 on Friday. The business’s 50-day simple moving average is $5.79 and its 200 day simple moving average is $5.50. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of 28.03 and a beta of 0.92. ICL Group Ltd. has a 12-month low of $4.76 and a 12-month high of $7.35. The company has a quick ratio of 0.80, a current ratio of 1.38 and a debt-to-equity ratio of 0.35.

ICL Group (NYSE:ICL) last posted its quarterly earnings results on Wednesday, May 13th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.92 billion. ICL Group had a return on equity of 7.84% and a net margin of 3.52%. As a group, research analysts anticipate that ICL Group Ltd. will post 0.43 earnings per share for the current year.

ICL Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Tuesday, June 2nd will be issued a $0.0535 dividend. This is a positive change from ICL Group’s previous quarterly dividend of $0.05. This represents a $0.21 annualized dividend and a yield of 3.8%. The ex-dividend date is Tuesday, June 2nd. ICL Group’s dividend payout ratio (DPR) is 80.00%.

ICL Group Profile

ICL Group is a global specialty minerals and chemicals company headquartered in Tel Aviv, Israel. Established in its current form through the consolidation of Israeli government–owned chemical operations, ICL has evolved into a publicly traded entity on the New York Stock Exchange (NYSE: ICL). The company’s origins date back to state-driven mineral extraction in the Negev and the Dead Sea region, and over the decades it has grown through strategic acquisitions, technological innovation and a gradual privatization process completed in the early 2010s.

ICL’s core operations are organized into three principal business areas.