ICL Group Ltd (NYSE:ICL) Shares Sold by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC trimmed its position in shares of ICL Group Ltd (NYSE:ICL) by 23.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,727 shares of the basic materials company’s stock after selling 3,602 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in ICL Group were worth $50,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV increased its stake in shares of ICL Group by 103.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 7,093 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 3,612 shares during the period. Kathmere Capital Management LLC acquired a new position in shares of ICL Group during the first quarter worth about $54,000. Callan Capital LLC acquired a new position in shares of ICL Group during the first quarter worth about $60,000. Greenleaf Trust acquired a new position in shares of ICL Group during the first quarter worth about $63,000. Finally, Sivia Capital Partners LLC acquired a new position in shares of ICL Group during the fourth quarter worth about $70,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barclays dropped their price target on shares of ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock in a research note on Friday, August 16th.

ICL Group Trading Up 2.9 %

Shares of ICL opened at $4.15 on Friday. The company has a current ratio of 1.62, a quick ratio of 0.94 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average is $4.30 and its two-hundred day moving average is $4.64. ICL Group Ltd has a twelve month low of $3.80 and a twelve month high of $5.87. The firm has a market capitalization of $5.45 billion, a P/E ratio of 11.20, a PEG ratio of 5.52 and a beta of 1.23.

ICL Group (NYSE:ICL) last issued its earnings results on Wednesday, August 14th. The basic materials company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. ICL Group had a net margin of 6.08% and a return on equity of 8.41%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the business posted $0.13 earnings per share. On average, research analysts predict that ICL Group Ltd will post 0.36 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be issued a $0.037 dividend. This represents a $0.15 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Wednesday, September 4th. ICL Group’s dividend payout ratio (DPR) is presently 37.84%.

ICL Group Company 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.