Swiss National Bank Has $9.87 Million Stock Position in ICL Group Ltd (NYSE:ICL)

Swiss National Bank boosted its stake in ICL Group Ltd (NYSE:ICL) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,306,997 shares of the basic materials company’s stock after acquiring an additional 8,848 shares during the period. Swiss National Bank’s holdings in ICL Group were worth $9,873,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Altshuler Shaham Ltd boosted its stake in shares of ICL Group by 3.2% in the 2nd quarter. Altshuler Shaham Ltd now owns 44,119,257 shares of the basic materials company’s stock valued at $189,200,000 after purchasing an additional 1,360,670 shares during the last quarter. Vanguard Group Inc. raised its stake in ICL Group by 1.6% during the first quarter. Vanguard Group Inc. now owns 25,286,822 shares of the basic materials company’s stock worth $136,043,000 after buying an additional 392,805 shares during the last quarter. Meitav Investment House Ltd. lifted its holdings in ICL Group by 2.8% in the second quarter. Meitav Investment House Ltd. now owns 17,215,645 shares of the basic materials company’s stock valued at $73,813,000 after buying an additional 465,031 shares during the period. Y.D. More Investments Ltd boosted its position in ICL Group by 2,927,153.2% during the second quarter. Y.D. More Investments Ltd now owns 14,636,266 shares of the basic materials company’s stock valued at $62,766,000 after acquiring an additional 14,635,766 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in ICL Group during the 3rd quarter worth about $11,967,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ICL. Barclays dropped their price objective 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. StockNews.com raised ICL Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

ICL Group Price Performance

Shares of NYSE ICL opened at $4.63 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56. The firm’s 50-day simple moving average is $4.16 and its 200 day simple moving average is $4.33. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 6.44 and a beta of 1.23. ICL Group Ltd has a fifty-two week low of $3.79 and a fifty-two week high of $5.54.

ICL Group (NYSE:ICL) last announced its earnings results on Monday, November 11th. The basic materials company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the company posted $0.11 earnings per share. As a group, 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.0133 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.05 dividend on an annualized basis and a yield of 1.15%. ICL Group’s dividend payout ratio (DPR) is presently 48.39%.

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.