12,154 Shares in Icahn Enterprises L.P. (NASDAQ:IEP) Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV bought a new position in shares of Icahn Enterprises L.P. (NASDAQ:IEP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,154 shares of the conglomerate’s stock, valued at approximately $105,000.

Several other hedge funds also recently made changes to their positions in IEP. Global Retirement Partners LLC grew its stake in shares of Icahn Enterprises by 18.1% during the 4th quarter. Global Retirement Partners LLC now owns 7,122 shares of the conglomerate’s stock worth $62,000 after acquiring an additional 1,089 shares in the last quarter. Caz Investments LP bought a new position in shares of Icahn Enterprises during the 4th quarter worth approximately $87,000. Barclays PLC grew its stake in shares of Icahn Enterprises by 24.3% during the 3rd quarter. Barclays PLC now owns 7,307 shares of the conglomerate’s stock worth $100,000 after acquiring an additional 1,427 shares in the last quarter. Mariner LLC bought a new position in shares of Icahn Enterprises during the 4th quarter worth approximately $106,000. Finally, Littlejohn Financial Services Inc. bought a new position in shares of Icahn Enterprises during the 4th quarter worth approximately $121,000. 87.09% of the stock is owned by institutional investors.

Icahn Enterprises Price Performance

NASDAQ:IEP opened at $9.75 on Friday. Icahn Enterprises L.P. has a 1-year low of $7.27 and a 1-year high of $17.93. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 1.34. The firm has a fifty day simple moving average of $8.86 and a 200 day simple moving average of $9.77. The stock has a market capitalization of $5.32 billion, a PE ratio of -8.94 and a beta of 0.79.

Icahn Enterprises (NASDAQ:IEP) last released its earnings results on Wednesday, May 7th. The conglomerate reported ($0.79) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.98). Icahn Enterprises had a negative net margin of 4.79% and a negative return on equity of 8.82%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.63 billion. On average, research analysts expect that Icahn Enterprises L.P. will post -0.55 EPS for the current fiscal year.

Icahn Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Monday, May 19th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.00 annualized dividend and a dividend yield of 20.51%. Icahn Enterprises’s dividend payout ratio is presently -121.21%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Icahn Enterprises from a “sell” rating to a “hold” rating in a research note on Saturday.

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.