Mackenzie Financial Corp Has $590,000 Position in ICL Group Ltd (NYSE:ICL)

Mackenzie Financial Corp trimmed its position in ICL Group Ltd (NYSE:ICL) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,158 shares of the basic materials company’s stock after selling 2,733 shares during the quarter. Mackenzie Financial Corp’s holdings in ICL Group were worth $590,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System raised its position in shares of ICL Group by 2.5% in the third quarter. Maryland State Retirement & Pension System now owns 486,951 shares of the basic materials company’s stock valued at $2,693,000 after buying an additional 11,904 shares in the last quarter. GW Henssler & Associates Ltd. acquired a new stake in shares of ICL Group during the 3rd quarter valued at $89,000. Bank of New York Mellon Corp grew its holdings in shares of ICL Group by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 2,794,411 shares of the basic materials company’s stock worth $15,509,000 after purchasing an additional 16,871 shares during the last quarter. Solstein Capital LLC bought a new stake in ICL Group during the 3rd quarter worth approximately $72,000. Finally, Advisor Partners II LLC grew its stake in shares of ICL Group by 33.4% in the third quarter. Advisor Partners II LLC now owns 31,948 shares of the basic materials company’s stock worth $177,000 after purchasing an additional 7,998 shares during the last quarter. Institutional investors own 13.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on ICL shares. Barclays increased their target price on shares of ICL Group from $4.00 to $4.50 and gave the company an “underweight” rating in a research report on Friday, March 1st. TheStreet lowered shares of ICL Group from a “b-” rating to a “c+” rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.75.

ICL Group Stock Up 1.4 %

ICL opened at $4.63 on Friday. ICL Group Ltd has a fifty-two week low of $4.30 and a fifty-two week high of $6.73. The company’s 50-day moving average is $5.06 and its 200 day moving average is $4.96. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.53 and a quick ratio of 0.88. The firm has a market capitalization of $6.08 billion, a P/E ratio of 9.07, a PEG ratio of 10.67 and a beta of 1.22.

ICL Group (NYSE:ICL) last announced its earnings results on Wednesday, February 28th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.68 billion. ICL Group had a return on equity of 12.04% and a net margin of 8.65%. Research analysts expect that ICL Group Ltd will post 0.33 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 14th were paid a $0.0476 dividend. The ex-dividend date was Wednesday, March 13th. This is a positive change from ICL Group’s previous quarterly dividend of $0.04. This represents a $0.19 annualized dividend and a dividend yield of 4.12%. ICL Group’s payout ratio is presently 37.26%.

ICL Group Company 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.