2 weeks Ago By ABMN Staff
StockNews.com cut shares of ICL Group ( NYSE:ICL – Free Report ) from a strong-buy rating to a buy rating in a research note issued to investors on Monday morning. Separately, Barclays reduced their target price on shares of ICL Group from $4.
50 to $4.00 and set an underweight rating for the company in a research note on Friday, August 16th. Check Out Our Latest Report on ICL Group ICL Group Stock Down 0.
6 % ICL Group ( NYSE:ICL – Get Free Report ) last posted its quarterly earnings data on Wednesday, August 14th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
09 by $0.01. ICL Group had a return on equity of 8.
41% and a net margin of 6.08%. The company had revenue of $1.
75 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the business earned $0.
13 EPS. Equities analysts forecast that ICL Group will post 0.36 earnings per share for the current year.
ICL Group Cuts Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were given a $0.037 dividend.
The ex-dividend date was Wednesday, September 4th. This represents a $0.15 dividend on an annualized basis and a yield of 3.
49%. ICL Group’s payout ratio is 37.84%.
Institutional Inflows and Outflows Several hedge funds and other institutional investors have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its position in ICL Group by 103.
8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 7,093 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 3,612 shares during the last quarter.
Kathmere Capital Management LLC bought a new stake in shares of ICL Group in the first quarter valued at about $54,000. Callan Capital LLC acquired a new position in ICL Group during the 1st quarter worth approximately $60,000. Greenleaf Trust bought a new position in ICL Group in the first quarter valued at $63,000.
Finally, Marshall Wace LLP bought a new position in shares of ICL Group in the 2nd quarter valued at about $56,000. 13.38% of the stock is owned by institutional investors.
ICL Group Company Profile ( Get Free Report ) 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.
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