ICL Group Ltd. $ICL is Y.D. More Investments Ltd’s 5th Largest Position

Y.D. More Investments Ltd lifted its position in ICL Group Ltd. (NYSE:ICL) by 5.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,738,939 shares of the basic materials company’s stock after purchasing an additional 979,321 shares during the period. ICL Group comprises approximately 5.0% of Y.D. More Investments Ltd’s portfolio, making the stock its 5th biggest holding. Y.D. More Investments Ltd owned about 1.43% of ICL Group worth $107,498,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Inspire Investing LLC boosted its position in ICL Group by 5.0% during the 3rd quarter. Inspire Investing LLC now owns 36,368 shares of the basic materials company’s stock valued at $227,000 after buying an additional 1,736 shares during the period. Choreo LLC increased its position in shares of ICL Group by 14.7% in the second quarter. Choreo LLC now owns 14,158 shares of the basic materials company’s stock valued at $97,000 after acquiring an additional 1,812 shares during the period. Evergreen Capital Management LLC raised its stake in shares of ICL Group by 6.1% during the second quarter. Evergreen Capital Management LLC now owns 36,306 shares of the basic materials company’s stock valued at $249,000 after acquiring an additional 2,097 shares during the last quarter. First Trust Advisors LP raised its stake in shares of ICL Group by 2.2% during the second quarter. First Trust Advisors LP now owns 134,570 shares of the basic materials company’s stock valued at $923,000 after acquiring an additional 2,841 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of ICL Group by 10.0% during the third quarter. Blue Trust Inc. now owns 34,594 shares of the basic materials company’s stock worth $215,000 after purchasing an additional 3,132 shares during the period. 13.38% of the stock is owned by hedge funds and other institutional investors.

ICL Group Stock Performance

Shares of ICL stock opened at $5.24 on Monday. ICL Group Ltd. has a 12 month low of $4.76 and a 12 month high of $7.35. The stock has a market cap of $6.76 billion, a PE ratio of 30.79 and a beta of 0.92. The company has a current ratio of 1.33, a quick ratio of 0.71 and a debt-to-equity ratio of 0.30. The company’s fifty day moving average price is $5.31 and its 200-day moving average price is $5.60.

ICL Group (NYSE:ICL) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. ICL Group had a net margin of 3.16% and a return on equity of 7.44%. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.77 billion. On average, equities analysts expect that ICL Group Ltd. will post 0.37 EPS for the current fiscal year.

ICL Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th were paid a dividend of $0.0465 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 3.6%. ICL Group’s dividend payout ratio (DPR) is currently 82.35%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ICL. Weiss Ratings restated a “hold (c)” rating on shares of ICL Group in a report on Monday, December 29th. Wall Street Zen cut ICL Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, ICL Group presently has an average rating of “Hold” and an average price target of $6.10.

ICL Group Company 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.