Icahn Enterprises L.P. (NASDAQ:IEP) Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division trimmed its holdings in shares of Icahn Enterprises L.P. (NASDAQ:IEPGet Rating) by 46.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,904 shares of the conglomerate’s stock after selling 5,071 shares during the period. Moody National Bank Trust Division’s holdings in Icahn Enterprises were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in IEP. BNP Paribas Arbitrage SA boosted its position in Icahn Enterprises by 4,112.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 334,579 shares of the conglomerate’s stock worth $17,375,000 after purchasing an additional 326,637 shares during the period. Bank of Montreal Can boosted its position in Icahn Enterprises by 2,100.5% in the 4th quarter. Bank of Montreal Can now owns 140,900 shares of the conglomerate’s stock valued at $7,059,000 after buying an additional 134,497 shares during the last quarter. Weiss Multi Strategy Advisers LLC purchased a new position in Icahn Enterprises in the 1st quarter valued at about $3,375,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Icahn Enterprises by 23.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 272,764 shares of the conglomerate’s stock valued at $14,165,000 after buying an additional 50,926 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its position in Icahn Enterprises by 44.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 105,180 shares of the conglomerate’s stock valued at $5,463,000 after buying an additional 32,217 shares during the last quarter. 87.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Icahn Enterprises from a “buy” rating to a “hold” rating in a research report on Monday, August 8th.

Icahn Enterprises Stock Performance

NASDAQ:IEP opened at $51.29 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 5.70 and a quick ratio of 5.70. The firm has a 50-day moving average of $52.12 and a two-hundred day moving average of $51.92. The stock has a market cap of $16.55 billion, a P/E ratio of -31.66 and a beta of 0.79. Icahn Enterprises L.P. has a 1-year low of $47.17 and a 1-year high of $58.50.

Icahn Enterprises (NASDAQ:IEPGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The conglomerate reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.48). Icahn Enterprises had a negative return on equity of 3.52% and a negative net margin of 3.03%. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $2.65 billion. On average, research analysts expect that Icahn Enterprises L.P. will post 1.03 earnings per share for the current fiscal year.

Icahn Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Friday, August 19th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $8.00 annualized dividend and a yield of 15.60%. Icahn Enterprises’s dividend payout ratio (DPR) is -493.82%.

Icahn Enterprises Company Profile

(Get Rating)

Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. Its Investment segment invests its proprietary capital through various private investment funds. The company's Energy segment refines and markets transportation fuels; and produces and markets nitrogen fertilizers in the form of urea ammonium nitrate and ammonia.

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Institutional Ownership by Quarter for Icahn Enterprises (NASDAQ:IEP)

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