Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Has $11.96 Million Position in ICL Group Ltd. $ICL

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD boosted its holdings in shares of ICL Group Ltd. (NYSE:ICL) by 31.8% in the fourth quarter, Holdings Channel reports. The firm owned 2,084,911 shares of the basic materials company’s stock after purchasing an additional 502,628 shares during the quarter. ICL Group comprises about 2.3% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s portfolio, making the stock its 11th biggest holding. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings in ICL Group were worth $11,960,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of ICL Group in the 4th quarter worth approximately $122,297,000. Goldman Sachs Group Inc. boosted its stake in ICL Group by 120.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,153,799 shares of the basic materials company’s stock valued at $23,635,000 after buying an additional 2,267,245 shares in the last quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD grew its position in ICL Group by 32.3% in the fourth quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 6,060,600 shares of the basic materials company’s stock valued at $34,768,000 after acquiring an additional 1,481,084 shares during the period. Y.D. More Investments Ltd raised its stake in ICL Group by 5.5% during the fourth quarter. Y.D. More Investments Ltd now owns 18,738,939 shares of the basic materials company’s stock worth $107,498,000 after acquiring an additional 979,321 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in ICL Group by 29.6% during the second quarter. Bank of America Corp DE now owns 2,138,899 shares of the basic materials company’s stock worth $14,716,000 after acquiring an additional 488,750 shares in the last quarter. 13.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

ICL Group Trading Up 0.1%

Shares of ICL opened at $5.61 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 1.38. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 28.03 and a beta of 0.92. The stock has a fifty day moving average price of $5.79 and a two-hundred day moving average price of $5.50. ICL Group Ltd. has a 52-week low of $4.76 and a 52-week high of $7.35.

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

ICL Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Tuesday, June 2nd will be paid a dividend of $0.0535 per share. This represents a $0.21 annualized dividend and a dividend yield of 3.8%. This is an increase from ICL Group’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, June 2nd. ICL Group’s payout ratio is currently 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.