Significant Wealth Partners LLC Acquires Shares of 43,937 ICL Group Ltd (NYSE:ICL)

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ronald Blue Trust Inc. grew its position in shares of ICL Group by 82.4% during the 3rd 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 in the last quarter. SVB Wealth LLC bought a new position in ICL Group during the 4th quarter worth about $51,000. Blue Trust Inc. increased its position in ICL Group by 45.6% during the 4th quarter. Blue Trust Inc. now owns 11,156 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 3,495 shares during the period. Belpointe Asset Management LLC bought a new stake in shares of ICL Group in the 3rd quarter valued at about $63,000. Finally, Autumn Glory Partners LLC bought a new stake in shares of ICL Group in the 3rd quarter valued at about $67,000. Institutional investors own 13.38% of the company’s stock.

ICL Group Stock Performance

ICL stock opened at $4.71 on Tuesday. ICL Group Ltd has a one year low of $4.30 and a one year high of $6.73. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 9.68 and a beta of 1.22. 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 firm has a 50-day simple moving average of $5.08 and a two-hundred day simple moving average of $4.98.

ICL Group (NYSE:ICL) last posted its earnings results on Wednesday, February 28th. The basic materials company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates 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%. On average, equities analysts forecast that ICL Group Ltd will post 0.33 EPS for the current fiscal year.

ICL Group Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ICL shares. TheStreet lowered shares of ICL Group from a “b-” rating to a “c+” rating in a report on Tuesday, January 2nd. Barclays lifted their price target on ICL Group from $4.00 to $4.50 and gave the company an “underweight” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.75.

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.