KPP Advisory Services LLC Lowers Stake in Icahn Enterprises L.P. (NASDAQ:IEP)

KPP Advisory Services LLC lessened its holdings in Icahn Enterprises L.P. (NASDAQ:IEP) by 9.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,437 shares of the conglomerate’s stock after selling 1,481 shares during the quarter. KPP Advisory Services LLC’s holdings in Icahn Enterprises were worth $125,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IEP. MML Investors Services LLC acquired a new stake in Icahn Enterprises in the 3rd quarter worth about $171,000. Merit Financial Group LLC purchased a new position in shares of Icahn Enterprises in the fourth quarter valued at approximately $343,000. Barclays PLC boosted its stake in shares of Icahn Enterprises by 24.3% in the third quarter. Barclays PLC now owns 7,307 shares of the conglomerate’s stock worth $100,000 after acquiring an additional 1,427 shares during the last quarter. Geode Capital Management LLC raised its stake in Icahn Enterprises by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 408,157 shares of the conglomerate’s stock valued at $5,518,000 after purchasing an additional 12,421 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Icahn Enterprises in the 3rd quarter valued at $164,000. Institutional investors and hedge funds own 87.09% of the company’s stock.

Icahn Enterprises Price Performance

Icahn Enterprises stock opened at $9.85 on Tuesday. The company has a fifty day simple moving average of $9.74 and a 200-day simple moving average of $12.54. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of -9.04 and a beta of 0.81. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 1.34. Icahn Enterprises L.P. has a 52-week low of $8.53 and a 52-week high of $22.59.

Icahn Enterprises (NASDAQ:IEP) last announced its quarterly earnings data on Friday, November 8th. The conglomerate reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.16). The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Icahn Enterprises had a negative net margin of 4.79% and a negative return on equity of 8.82%. During the same period in the prior year, the company posted ($0.01) EPS. On average, equities analysts anticipate that Icahn Enterprises L.P. will post -0.55 EPS for the current fiscal year.

Icahn Enterprises Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Monday, November 18th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 20.30%. The ex-dividend date was Monday, November 18th. Icahn Enterprises’s dividend payout ratio (DPR) is currently -183.48%.

About Icahn Enterprises

Icahn Enterprises L.P., through its subsidiaries, engages in the investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. The Investment segment invests its proprietary capital through various private investment funds. This segment provides investment advisory and other related services.