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

KPP Advisory Services LLC bought a new position in Icahn Enterprises L.P. (NASDAQ:IEP) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,355 shares of the conglomerate’s stock, valued at approximately $187,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Icahn Enterprises by 621.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 270,995 shares of the conglomerate’s stock worth $4,610,000 after purchasing an additional 233,410 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Icahn Enterprises by 22.3% during the 1st quarter. International Assets Investment Management LLC now owns 23,798 shares of the conglomerate’s stock valued at $404,000 after acquiring an additional 4,340 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Icahn Enterprises by 76.4% during the 1st quarter. BNP Paribas Financial Markets now owns 314,888 shares of the conglomerate’s stock worth $5,356,000 after acquiring an additional 136,418 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Icahn Enterprises by 133.0% in the 4th quarter. Parallel Advisors LLC now owns 2,006 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 1,145 shares during the last quarter. Finally, HighPoint Advisor Group LLC acquired a new stake in shares of Icahn Enterprises during the fourth quarter worth $175,000. 87.09% of the stock is currently owned by institutional investors and hedge funds.

Icahn Enterprises Trading Down 1.3 %

NASDAQ:IEP opened at $13.34 on Wednesday. The stock has a fifty day simple moving average of $14.50 and a 200 day simple moving average of $16.10. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of -11.60 and a beta of 0.77. Icahn Enterprises L.P. has a 1-year low of $9.72 and a 1-year high of $22.59. The company has a quick ratio of 4.85, a current ratio of 4.85 and a debt-to-equity ratio of 1.23.

Icahn Enterprises (NASDAQ:IEP) last released its earnings results on Wednesday, August 7th. The conglomerate reported ($0.72) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.91). The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Icahn Enterprises had a negative return on equity of 8.62% and a negative net margin of 4.97%. During the same period last year, the business earned ($0.72) earnings per share. Sell-side analysts forecast that Icahn Enterprises L.P. will post -0.42 earnings per share for the current year.

Icahn Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Monday, August 19th were given a $1.00 dividend. The ex-dividend date was Monday, August 19th. This represents a $4.00 annualized dividend and a dividend yield of 29.99%. Icahn Enterprises’s dividend payout ratio (DPR) is presently -347.83%.

Icahn Enterprises Profile

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.