Callan Capital LLC Takes $60,000 Position in ICL Group Ltd (NYSE:ICL)

Callan Capital LLC purchased a new stake in ICL Group Ltd (NYSE:ICL) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,192 shares of the basic materials company’s stock, valued at approximately $60,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV boosted its position in shares of ICL Group by 103.8% during 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 in the last quarter. SVB Wealth LLC bought a new position in shares of ICL Group in the fourth quarter worth $51,000. Kathmere Capital Management LLC bought a new position in shares of ICL Group in the first quarter worth $54,000. Tower Research Capital LLC TRC boosted its stake in ICL Group by 72,341.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,315 shares of the basic materials company’s stock valued at $62,000 after buying an additional 12,298 shares during the period. Finally, Blue Trust Inc. boosted its stake in ICL Group by 45.6% during the fourth quarter. Blue Trust Inc. now owns 11,156 shares of the basic materials company’s stock valued at $62,000 after buying an additional 3,495 shares during the period. Institutional investors own 13.38% of the company’s stock.

ICL Group Price Performance

ICL stock traded up $0.03 during mid-day trading on Thursday, hitting $4.41. 197,039 shares of the stock were exchanged, compared to its average volume of 729,897. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.60 and a quick ratio of 0.93. The business has a fifty day moving average price of $4.58 and a 200 day moving average price of $4.79. ICL Group Ltd has a 12 month low of $4.13 and a 12 month high of $6.73. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 6.31 and a beta of 1.25.

ICL Group (NYSE:ICL) last released its quarterly earnings data on Thursday, May 9th. The basic materials company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.66 billion. ICL Group had a return on equity of 9.05% and a net margin of 6.68%. During the same quarter in the previous year, the business earned $0.23 earnings per share. On average, sell-side analysts anticipate that ICL Group Ltd will post 0.33 EPS for the current year.

ICL Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were issued a $0.0457 dividend. The ex-dividend date was Thursday, June 6th. This represents a $0.18 annualized dividend and a dividend yield of 4.15%. ICL Group’s dividend payout ratio is currently 48.65%.

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.