51,140 Shares in ICL Group Ltd (NYSE:ICL) Acquired by Cadence Wealth Management LLC

Cadence Wealth Management LLC purchased a new position in shares of ICL Group Ltd (NYSE:ICL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 51,140 shares of the basic materials company’s stock, valued at approximately $256,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Glenorchy Capital Ltd bought a new stake in shares of ICL Group during the fourth quarter worth approximately $722,000. Significant Wealth Partners LLC bought a new stake in shares of ICL Group during the fourth quarter worth approximately $220,000. Signaturefd LLC raised its stake in shares of ICL Group by 39.3% during the fourth quarter. Signaturefd LLC now owns 60,588 shares of the basic materials company’s stock worth $304,000 after buying an additional 17,102 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of ICL Group by 3.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 221,907 shares of the basic materials company’s stock worth $1,128,000 after buying an additional 7,213 shares during the last quarter. Finally, SVB Wealth LLC bought a new stake in shares of ICL Group during the fourth quarter worth approximately $51,000. 13.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ICL has been the subject of several recent analyst reports. Barclays upped their target price on shares of ICL Group from $4.00 to $4.50 and gave the company an “underweight” rating in a research note on Friday, March 1st. TheStreet downgraded shares of ICL Group from a “b-” rating to a “c+” rating in a research note on Tuesday, January 2nd. One investment 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 presently has a consensus rating of “Hold” and a consensus target price of $5.75.

ICL Group Trading Up 1.5 %

NYSE:ICL traded up $0.07 during trading hours on Friday, hitting $4.63. The stock had a trading volume of 505,312 shares, compared to its average volume of 641,091. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 9.08, a P/E/G ratio of 10.60 and a beta of 1.22. ICL Group Ltd has a one year low of $4.30 and a one year high of $6.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.88 and a current ratio of 1.53. The business’s 50 day moving average is $5.06 and its 200-day moving average is $4.96.

ICL Group (NYSE:ICL) last released its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.68 billion. ICL Group had a net margin of 8.65% and a return on equity of 12.04%. Sell-side analysts anticipate that ICL Group Ltd will post 0.33 EPS for the current fiscal year.

ICL Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 14th were issued a $0.0476 dividend. This represents a $0.19 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from ICL Group’s previous quarterly dividend of $0.04. ICL Group’s dividend payout ratio is 37.26%.

ICL Group Profile

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.