Bank of New York Mellon Corp decreased its stake in shares of Israel Chemicals Shs (NYSE:ICL) by 14.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,307,430 shares of the basic materials company’s stock after selling 212,791 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.10% of Israel Chemicals Shs worth $6,184,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Karp Capital Management Corp acquired a new stake in Israel Chemicals Shs in the 1st quarter valued at about $782,000. Parametric Portfolio Associates LLC grew its position in shares of Israel Chemicals Shs by 4.0% during the first quarter. Parametric Portfolio Associates LLC now owns 1,229,798 shares of the basic materials company’s stock worth $5,239,000 after buying an additional 47,860 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Israel Chemicals Shs by 13.2% during the first quarter. JPMorgan Chase & Co. now owns 194,396 shares of the basic materials company’s stock worth $829,000 after buying an additional 22,622 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Israel Chemicals Shs by 626.4% during the first quarter. SG Americas Securities LLC now owns 103,548 shares of the basic materials company’s stock worth $441,000 after buying an additional 89,294 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new position in shares of Israel Chemicals Shs during the first quarter worth about $508,000. Institutional investors own 5.94% of the company’s stock.

ICL has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Israel Chemicals Shs from a “sell” rating to a “hold” rating in a research note on Monday, September 25th. ValuEngine raised shares of Israel Chemicals Shs from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. BMO Capital Markets reiterated a “hold” rating and issued a $4.50 price target on shares of Israel Chemicals Shs in a research note on Friday, September 1st. BidaskClub cut shares of Israel Chemicals Shs from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $5.25 price target (up previously from $4.75) on shares of Israel Chemicals Shs in a report on Friday, July 14th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $4.67.

Israel Chemicals Shs (ICL) opened at 4.40 on Tuesday. Israel Chemicals Shs has a 12-month low of $3.52 and a 12-month high of $4.95. The company has a 50-day moving average price of $4.41 and a 200 day moving average price of $4.42. The stock’s market cap is $5.61 billion.

Israel Chemicals Shs (NYSE:ICL) last issued its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. Israel Chemicals Shs had a positive return on equity of 13.55% and a negative net margin of 3.43%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 EPS. On average, equities research analysts predict that Israel Chemicals Shs will post $0.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Tuesday, August 29th were paid a dividend of $0.0245 per share. The ex-dividend date was Tuesday, August 29th. This represents a $0.10 annualized dividend and a dividend yield of 2.23%. Israel Chemicals Shs’s dividend payout ratio is presently -66.66%.

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About Israel Chemicals Shs

Israel Chemicals Ltd. operates as a specialty minerals company worldwide. The company operates through two segments, Essential Minerals and Specialty Solutions. The company extracts potash from the Dead Sea; mines and produces potash and salt from subterranean mines in Spain and the United Kingdom, as well as uses part of the potash to produce compound fertilizers; mines and processes phosphate rock in open mines; and produces sulfuric acid, agricultural phosphoric acid, phosphate fertilizers, compound fertilizers, liquid fertilizers, and soluble fertilizers.

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Institutional Ownership by Quarter for Israel Chemicals Shs (NYSE:ICL)

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