Foster Group Inc. Purchases Shares of 10,428 ICL Group Ltd (NYSE:ICL)

Foster Group Inc. bought a new stake in ICL Group Ltd (NYSE:ICL) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,428 shares of the basic materials company’s stock, valued at approximately $59,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Savant Capital LLC bought a new position in shares of ICL Group in the 4th quarter valued at about $54,000. Ieq Capital LLC bought a new position in shares of ICL Group in the 4th quarter valued at about $117,000. Meitav Investment House Ltd. grew its holdings in ICL Group by 21.3% during the fourth quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company’s stock worth $101,391,000 after purchasing an additional 3,606,357 shares during the period. Callan Capital LLC bought a new position in ICL Group during the fourth quarter worth about $82,000. Finally, Wealthstream Advisors Inc. bought a new position in ICL Group during the fourth quarter worth about $57,000. 13.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen cut ICL Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 27th. BMO Capital Markets lifted their target price on ICL Group from $6.00 to $6.50 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. Finally, Barclays lifted their price objective on shares of ICL Group from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 5th.

ICL Group Trading Down 0.9%

Shares of NYSE:ICL opened at $6.66 on Friday. ICL Group Ltd has a 12-month low of $3.79 and a 12-month high of $7.04. The stock has a market cap of $8.75 billion, a PE ratio of 21.48, a P/E/G ratio of 7.10 and a beta of 1.13. The business has a 50 day moving average of $6.45 and a 200-day moving average of $5.84. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30.

ICL Group (NYSE:ICL) last released its quarterly earnings results on Monday, May 19th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. As a group, equities research analysts forecast that ICL Group Ltd will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a $0.0426 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Wednesday, June 4th. This is a boost from ICL Group’s previous quarterly dividend of $0.04. ICL Group’s payout ratio is presently 51.61%.

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.