US Bancorp DE Sells 5,268 Shares of ICL Group Ltd (NYSE:ICL)

US Bancorp DE lessened its stake in ICL Group Ltd (NYSE:ICL) by 14.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 30,891 shares of the basic materials company’s stock after selling 5,268 shares during the quarter. US Bancorp DE’s holdings in ICL Group were worth $131,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in shares of ICL Group during the second quarter valued at about $56,000. Litman Gregory Wealth Management LLC acquired a new stake in ICL Group in the 3rd quarter worth approximately $56,000. Choreo LLC purchased a new stake in ICL Group during the 2nd quarter worth approximately $67,000. Dorsey & Whitney Trust CO LLC acquired a new position in ICL Group during the 1st quarter valued at approximately $82,000. Finally, GW Henssler & Associates Ltd. raised its holdings in shares of ICL Group by 18.0% in the third quarter. GW Henssler & Associates Ltd. now owns 19,726 shares of the basic materials company’s stock worth $84,000 after buying an additional 3,010 shares during the last quarter. 13.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. StockNews.com raised shares of ICL Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Barclays dropped their price target on 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 Price Performance

ICL Group stock opened at $4.42 on Friday. The stock has a market capitalization of $5.81 billion, a P/E ratio of 14.26, a P/E/G ratio of 6.05 and a beta of 1.23. The company’s fifty day moving average price is $4.11 and its 200 day moving average price is $4.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 1.56. ICL Group Ltd has a 1 year low of $3.79 and a 1 year high of $5.54.

ICL Group (NYSE:ICL) last issued its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the company posted $0.11 earnings per share. As a group, equities research analysts anticipate that ICL Group Ltd will post 0.34 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a $0.0133 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.20%. ICL Group’s dividend payout ratio (DPR) is presently 48.39%.

About ICL Group

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.