Icahn Enterprises L.P. (NASDAQ:IEP) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its position in Icahn Enterprises L.P. (NASDAQ:IEP) by 19.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,328 shares of the conglomerate’s stock after selling 8,704 shares during the quarter. Wells Fargo & Company MN’s holdings in Icahn Enterprises were worth $315,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Icahn Enterprises in the fourth quarter valued at $969,000. Virtu Financial LLC acquired a new position in shares of Icahn Enterprises in the 4th quarter worth $856,000. Axxcess Wealth Management LLC acquired a new stake in shares of Icahn Enterprises during the fourth quarter worth $447,000. Moors & Cabot Inc. lifted its holdings in shares of Icahn Enterprises by 8.1% during the fourth quarter. Moors & Cabot Inc. now owns 48,355 shares of the conglomerate’s stock valued at $419,000 after purchasing an additional 3,642 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new position in shares of Icahn Enterprises in the 4th quarter valued at $343,000. Institutional investors own 87.09% of the company’s stock.

Icahn Enterprises Stock Down 0.8 %

Shares of NASDAQ:IEP opened at $8.86 on Tuesday. The firm has a 50 day simple moving average of $8.98 and a 200 day simple moving average of $10.09. Icahn Enterprises L.P. has a 52 week low of $7.27 and a 52 week high of $19.10. The company has a debt-to-equity ratio of 1.34, a quick ratio of 4.61 and a current ratio of 4.61. The company has a market cap of $4.63 billion, a PE ratio of -8.13 and a beta of 0.77.

Icahn Enterprises (NASDAQ:IEP) last released its earnings results on Wednesday, February 26th. The conglomerate reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.36). The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Icahn Enterprises had a negative net margin of 4.79% and a negative return on equity of 8.82%. As a group, research analysts expect that Icahn Enterprises L.P. will post -0.55 earnings per share for the current year.

Icahn Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, March 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 22.57%. The ex-dividend date of this dividend was Monday, March 10th. Icahn Enterprises’s dividend payout ratio (DPR) is -210.53%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Icahn Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, March 26th.

Icahn Enterprises Company 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.