Significant Wealth Partners LLC Takes $220,000 Position in ICL Group Ltd (NYSE:ICL)

Significant Wealth Partners LLC purchased a new stake in ICL Group Ltd (NYSE:ICL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 43,937 shares of the basic materials company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Inspire Investing LLC lifted its holdings in ICL Group by 19.1% in the third quarter. Inspire Investing LLC now owns 17,061 shares of the basic materials company’s stock valued at $95,000 after acquiring an additional 2,736 shares during the period. Drive Wealth Management LLC lifted its stake in shares of ICL Group by 23.1% in the fourth quarter. Drive Wealth Management LLC now owns 17,686 shares of the basic materials company’s stock valued at $89,000 after purchasing an additional 3,317 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in ICL Group by 29.9% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 14,943 shares of the basic materials company’s stock worth $83,000 after buying an additional 3,436 shares in the last quarter. Ronald Blue Trust Inc. grew its position in ICL Group by 82.4% during the third quarter. Ronald Blue Trust Inc. now owns 7,661 shares of the basic materials company’s stock worth $42,000 after buying an additional 3,460 shares during the period. Finally, Blue Trust Inc. increased its holdings in ICL Group by 45.6% in the fourth quarter. Blue Trust Inc. now owns 11,156 shares of the basic materials company’s stock valued at $62,000 after buying an additional 3,495 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ICL. Barclays boosted their price target on ICL Group from $4.00 to $4.50 and gave the stock an “underweight” rating in a research note on Friday, March 1st. TheStreet lowered ICL Group from a “b-” rating to a “c+” rating in a report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, ICL Group currently has an average rating of “Hold” and a consensus price target of $5.75.

ICL Group Stock Performance

Shares of ICL opened at $4.71 on Tuesday. ICL Group Ltd has a 12-month low of $4.30 and a 12-month high of $6.73. The stock has a market cap of $6.18 billion, a P/E ratio of 9.23, a PEG ratio of 9.68 and a beta of 1.22. The company has a current ratio of 1.53, a quick ratio of 0.88 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average of $5.08 and a two-hundred day moving average of $4.98.

ICL Group (NYSE:ICL) last issued its quarterly earnings data on Wednesday, February 28th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. ICL Group had a return on equity of 12.04% and a net margin of 8.65%. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.68 billion. As a group, research analysts predict that ICL Group Ltd will post 0.33 EPS for the current fiscal year.

ICL Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 14th were given a $0.0476 dividend. This is an increase from ICL Group’s previous quarterly dividend of $0.04. This represents a $0.19 annualized dividend and a dividend yield of 4.05%. The ex-dividend date was Wednesday, March 13th. ICL Group’s dividend payout ratio is currently 37.26%.

About ICL Group

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.