Icahn Enterprises L.P. (NASDAQ:IEP – Get Rating) was the recipient of unusually large options trading activity on Friday. Stock investors bought 11,783 put options on the company. This is an increase of approximately 41% compared to the typical daily volume of 8,329 put options.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Icahn Enterprises from a “hold” rating to a “sell” rating in a report on Friday, May 12th.
Institutional Investors Weigh In On Icahn Enterprises
Several institutional investors have recently added to or reduced their stakes in IEP. Worth Asset Management LLC purchased a new stake in shares of Icahn Enterprises in the 4th quarter worth about $25,000. Geneos Wealth Management Inc. lifted its position in shares of Icahn Enterprises by 140.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 513 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 300 shares during the period. CoreCap Advisors LLC purchased a new stake in shares of Icahn Enterprises in the 4th quarter worth about $29,000. Global Retirement Partners LLC purchased a new stake in shares of Icahn Enterprises in the 1st quarter worth about $29,000. Finally, GPS Wealth Strategies Group LLC purchased a new position in Icahn Enterprises during the 1st quarter valued at about $50,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.
Icahn Enterprises Price Performance
Icahn Enterprises (NASDAQ:IEP – Get Rating) last released its earnings results on Friday, February 24th. The conglomerate reported ($0.74) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.89). Icahn Enterprises had a negative net margin of 6.08% and a negative return on equity of 8.15%. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.97 billion. Research analysts predict that Icahn Enterprises will post 0.1 earnings per share for the current year.
Icahn Enterprises Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Monday, May 22nd will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, May 19th. This represents a $8.00 annualized dividend and a yield of 24.83%. Icahn Enterprises’s payout ratio is currently -352.42%.
Icahn Enterprises Company Profile
Icahn Enterprises LP operates as holding company. It operates through following eight business segments: Investment, Automotive, Energy, Food Packaging, Metals, Real Estate, Home Fashion, and Pharma. The Investment segment consists of various private investment funds. The Automotive segment holds ownership in Icahn Automotive Group LLC.
- Get a free copy of the StockNews.com research report on Icahn Enterprises (IEP)
- Applied Materials: Cracks In The Chip Recovery Or Time To Buy?
- Deere & Company Rallies On Farm Equipment Boom, Bullish Outlook
- How Many Roth IRAs Can You Have?
- Why You Should Consider Buying Nvidia Ahead Of Earnings
- Foot Locker And The Ebbing Tide Of Discretionary Spending
Receive News & Ratings for Icahn Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Icahn Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.