Clal Insurance Enterprises Holdings Ltd Has $112.05 Million Stock Holdings in ICL Group Ltd. $ICL

Clal Insurance Enterprises Holdings Ltd lifted its holdings in ICL Group Ltd. (NYSE:ICL) by 42.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,537,777 shares of the basic materials company’s stock after purchasing an additional 5,805,699 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in ICL Group were worth $112,054,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in ICL Group by 351.2% in the 4th quarter. Farther Finance Advisors LLC now owns 5,157 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 4,014 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in ICL Group in the 2nd quarter valued at approximately $72,000. Centiva Capital LP bought a new stake in ICL Group in the 3rd quarter valued at approximately $69,000. Credit Agricole S A bought a new stake in ICL Group in the 3rd quarter valued at approximately $72,000. Finally, Greenspring Advisors LLC bought a new stake in ICL Group in the 4th quarter valued at approximately $71,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

ICL Group Stock Up 0.6%

ICL stock opened at $5.71 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $7.36 billion, a PE ratio of 28.53 and a beta of 0.92. ICL Group Ltd. has a 1-year low of $4.76 and a 1-year high of $7.35. The business’s 50 day simple moving average is $5.83 and its 200 day simple moving average is $5.51.

ICL Group (NYSE:ICL) last posted its earnings results on Wednesday, May 13th. The basic materials company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates 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 EPS for the current year.

ICL Group Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Barclays boosted 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. Wall Street Zen upgraded ICL Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. 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 analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $6.60.

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.