First Trust Advisors LP Purchases 137,012 Shares of Icahn Enterprises L.P. (NASDAQ:IEP)

First Trust Advisors LP lifted its position in Icahn Enterprises L.P. (NASDAQ:IEP - Free Report) by 26.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 660,077 shares of the conglomerate's stock after acquiring an additional 137,012 shares during the period. First Trust Advisors LP owned approximately 0.13% of Icahn Enterprises worth $5,723,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Icahn Enterprises during the 4th quarter worth approximately $969,000. Virtu Financial LLC bought a new stake in shares of Icahn Enterprises during the fourth quarter worth $856,000. Axxcess Wealth Management LLC acquired a new stake in shares of Icahn Enterprises during the fourth quarter worth $447,000. Merit Financial Group LLC bought a new stake in Icahn Enterprises in the 4th quarter valued at $343,000. Finally, Jump Financial LLC acquired a new position in Icahn Enterprises in the 4th quarter worth $221,000. Institutional investors own 87.09% of the company's stock.

Wall Street Analysts Forecast Growth

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

Icahn Enterprises Stock Down 0.5 %

NASDAQ:IEP traded down $0.04 during trading hours on Tuesday, reaching $8.82. 101,178 shares of the stock were exchanged, compared to its average volume of 950,324. The stock has a market cap of $4.61 billion, a PE ratio of -8.10 and a beta of 0.77. Icahn Enterprises L.P. has a twelve month low of $7.27 and a twelve month high of $19.10. The firm has a 50 day moving average of $8.98 and a 200 day moving average of $10.09. The company has a debt-to-equity ratio of 1.34, a current ratio of 4.61 and a quick ratio of 4.61.

Icahn Enterprises (NASDAQ:IEP - Get Free Report) last released its earnings results on Wednesday, February 26th. The conglomerate reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.36). Icahn Enterprises had a negative net margin of 4.79% and a negative return on equity of 8.82%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.27 billion. On average, equities 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. Investors of record on Monday, March 10th were given a dividend of $0.50 per share. The ex-dividend date was Monday, March 10th. This represents a $2.00 annualized dividend and a yield of 22.68%. Icahn Enterprises's dividend payout ratio (DPR) is presently -210.53%.

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.