Y.D. More Investments Ltd Acquires 877,644 Shares of ICL Group Ltd. $ICL

Y.D. More Investments Ltd grew its holdings in ICL Group Ltd. (NYSE:ICL) by 4.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,616,583 shares of the basic materials company’s stock after buying an additional 877,644 shares during the quarter. ICL Group accounts for 3.9% of Y.D. More Investments Ltd’s investment portfolio, making the stock its 7th largest position. Y.D. More Investments Ltd’s holdings in ICL Group were worth $100,349,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. R Squared Ltd purchased a new position in shares of ICL Group during the 1st quarter valued at approximately $62,000. Meitav Investment House Ltd. increased its holdings in ICL Group by 3.8% in the 1st quarter. Meitav Investment House Ltd. now owns 29,770,104 shares of the basic materials company’s stock worth $152,333,000 after acquiring an additional 1,081,641 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new position in ICL Group during the first quarter worth $332,000. Keybank National Association OH acquired a new position in ICL Group during the first quarter worth $101,000. Finally, Inspire Investing LLC lifted its holdings in ICL Group by 12.7% during the first quarter. Inspire Investing LLC now owns 50,354 shares of the basic materials company’s stock valued at $260,000 after purchasing an additional 5,668 shares in the last quarter. 13.38% of the stock is owned by institutional investors and hedge funds.

ICL Group Trading Up 0.3%

Shares of ICL Group stock opened at $4.87 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.38 and a quick ratio of 0.80. The stock’s 50 day simple moving average is $5.75 and its 200-day simple moving average is $5.49. The stock has a market cap of $6.28 billion, a P/E ratio of 24.32 and a beta of 0.97. ICL Group Ltd. has a 1-year low of $4.76 and a 1-year high of $7.10.

ICL Group (NYSE:ICL) last posted its quarterly earnings results on Wednesday, May 13th. The basic materials company reported $0.11 EPS for the quarter, beating 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 firm had revenue of $2.02 billion during 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 announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Tuesday, June 2nd were paid a $0.0535 dividend. This is a boost from ICL Group’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $0.21 dividend on an annualized basis and a dividend yield of 4.4%. ICL Group’s dividend payout ratio is 80.00%.

Analysts Set New Price Targets

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

About ICL Group

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.