Sequoia Financial Advisors LLC Has $91,000 Position in ICL Group Ltd (NYSE:ICL)

Sequoia Financial Advisors LLC decreased its stake in ICL Group Ltd (NYSE:ICL) by 41.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 21,226 shares of the basic materials company’s stock after selling 15,261 shares during the period. Sequoia Financial Advisors LLC’s holdings in ICL Group were worth $91,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Wace LLP acquired a new position in shares of ICL Group during the second quarter valued at about $56,000. Callan Capital LLC acquired a new position in ICL Group during the 1st quarter worth approximately $60,000. Choreo LLC acquired a new position in ICL Group during the 2nd quarter worth approximately $67,000. Dorsey & Whitney Trust CO LLC bought a new position in ICL Group in the first quarter worth approximately $82,000. Finally, Blue Trust Inc. grew its stake in ICL Group by 93.2% in the second quarter. Blue Trust Inc. now owns 20,367 shares of the basic materials company’s stock valued at $87,000 after acquiring an additional 9,823 shares during the period. Institutional investors and hedge funds own 13.38% of the company’s stock.

ICL Group Stock Up 1.6 %

ICL stock opened at $4.18 on Thursday. The stock has a fifty day moving average of $4.15 and a 200-day moving average of $4.37. ICL Group Ltd has a fifty-two week low of $3.79 and a fifty-two week high of $5.54. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 5.78 and a beta of 1.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.94 and a current ratio of 1.62.

ICL Group (NYSE:ICL) last released its quarterly earnings data on Wednesday, August 14th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.73 billion. During the same period in the previous year, the company posted $0.13 EPS. As a group, equities research analysts predict that ICL Group Ltd will post 0.34 earnings per share for the current year.

ICL Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.037 per share. This represents a $0.15 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Wednesday, September 4th. ICL Group’s dividend payout ratio (DPR) is currently 37.84%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. StockNews.com downgraded shares of ICL Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 30th. Barclays decreased 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 report on Friday, August 16th.

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.