Ritholtz Wealth Management Has $1.92 Million Stock Position in ICL Group Ltd. $ICL

Ritholtz Wealth Management raised its position in shares of ICL Group Ltd. (NYSE:ICL) by 201.2% in the 2nd quarter, Holdings Channel reports. The firm owned 280,193 shares of the basic materials company’s stock after acquiring an additional 187,181 shares during the period. Ritholtz Wealth Management’s holdings in ICL Group were worth $1,924,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ICL. Rhumbline Advisers raised its position in ICL Group by 19.4% during the first quarter. Rhumbline Advisers now owns 32,793 shares of the basic materials company’s stock valued at $187,000 after purchasing an additional 5,318 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in ICL Group during the first quarter valued at approximately $163,000. Sequoia Financial Advisors LLC grew its stake in shares of ICL Group by 8.8% during the first quarter. Sequoia Financial Advisors LLC now owns 52,254 shares of the basic materials company’s stock worth $294,000 after buying an additional 4,241 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. grew its stake in shares of ICL Group by 46.8% during the first quarter. Yelin Lapidot Holdings Management Ltd. now owns 537,457 shares of the basic materials company’s stock worth $3,058,000 after buying an additional 171,400 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of ICL Group by 5.8% during the first quarter. Bank of New York Mellon Corp now owns 1,626,865 shares of the basic materials company’s stock worth $9,257,000 after buying an additional 89,399 shares during the last quarter. 13.38% of the stock is currently owned by institutional investors and hedge funds.

ICL Group Stock Performance

Shares of ICL Group stock opened at $6.23 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.75 and a quick ratio of 1.05. ICL Group Ltd. has a twelve month low of $3.97 and a twelve month high of $7.35. The company’s fifty day moving average is $6.25 and its 200 day moving average is $6.47.

ICL Group (NYSE:ICL) last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. ICL Group had a net margin of 5.28% and a return on equity of 7.51%. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.82 billion. On average, sell-side analysts predict that ICL Group Ltd. will post 0.37 earnings per share for the current fiscal year.

ICL Group Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were paid a $0.0426 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a dividend yield of 290.0%. ICL Group’s payout ratio is currently 58.62%.

Analyst Upgrades and Downgrades

ICL has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ICL Group in a research note on Wednesday, October 8th. Morgan Stanley boosted their target price on shares of ICL Group from $5.80 to $6.20 and gave the stock an “equal weight” rating in a research note on Wednesday, July 2nd. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $6.57.

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.