Evanson Asset Management LLC Has $249,000 Stake in Icahn Enterprises L.P. (NASDAQ:IEP)

Evanson Asset Management LLC boosted its position in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 11.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,577 shares of the conglomerate’s stock after buying an additional 884 shares during the period. Evanson Asset Management LLC’s holdings in Icahn Enterprises were worth $249,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE grew its stake in Icahn Enterprises by 174.5% during the first quarter. US Bancorp DE now owns 1,496 shares of the conglomerate’s stock worth $77,000 after buying an additional 951 shares in the last quarter. IFP Advisors Inc grew its stake in Icahn Enterprises by 24.9% during the first quarter. IFP Advisors Inc now owns 45,039 shares of the conglomerate’s stock worth $3,130,000 after buying an additional 8,975 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of Icahn Enterprises in the 4th quarter valued at approximately $527,000. Ameritas Advisory Services LLC boosted its stake in shares of Icahn Enterprises by 34.6% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,449 shares of the conglomerate’s stock valued at $276,000 after purchasing an additional 1,400 shares in the last quarter. Finally, HRT Financial LP boosted its stake in shares of Icahn Enterprises by 17.1% in the 4th quarter. HRT Financial LP now owns 189,263 shares of the conglomerate’s stock valued at $9,586,000 after purchasing an additional 27,650 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Icahn Enterprises Stock Up 0.8 %

Shares of NASDAQ IEP opened at $20.91 on Friday. The company has a 50 day simple moving average of $25.89 and a 200 day simple moving average of $34.88. The firm has a market cap of $8.23 billion, a PE ratio of -8.10 and a beta of 0.91. Icahn Enterprises L.P. has a 1 year low of $18.03 and a 1 year high of $55.10. The company has a debt-to-equity ratio of 0.98, a current ratio of 5.70 and a quick ratio of 5.70.

Icahn Enterprises (NASDAQ:IEP) last issued its quarterly earnings data on Friday, August 4th. The conglomerate reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.97). The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.66 billion. Icahn Enterprises had a negative net margin of 7.77% and a negative return on equity of 10.45%. On average, research analysts forecast that Icahn Enterprises L.P. will post -0.74 EPS for the current year.

Icahn Enterprises Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Friday, August 18th will be issued a $1.00 dividend. The ex-dividend date is Thursday, August 17th. This represents a $4.00 dividend on an annualized basis and a yield of 19.13%. Icahn Enterprises’s dividend payout ratio (DPR) is presently -155.04%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. TheStreet downgraded shares of Icahn Enterprises from a “c-” rating to a “d” rating in a research note on Monday, May 22nd. Jefferies Financial Group reduced their price target on shares of Icahn Enterprises from $43.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, August 7th. Finally, StockNews.com assumed coverage on shares of Icahn Enterprises in a research note on Thursday, August 17th. They issued a “hold” rating on the stock.

About Icahn Enterprises

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.