Icahn Enterprises L.P. (NASDAQ:IEP) is Icahn Carl C's Largest Position

Icahn Carl C lifted its holdings in Icahn Enterprises L.P. (NASDAQ:IEP - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 450,788,170 shares of the conglomerate's stock after buying an additional 17,581,237 shares during the quarter. Icahn Enterprises makes up 52.7% of Icahn Carl C's portfolio, making the stock its biggest position. Icahn Carl C owned approximately 89.44% of Icahn Enterprises worth $3,908,333,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC grew its position in shares of Icahn Enterprises by 24.3% during the third quarter. Barclays PLC now owns 7,307 shares of the conglomerate's stock worth $100,000 after acquiring an additional 1,427 shares during the last quarter. Geode Capital Management LLC grew its position in Icahn Enterprises by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 408,157 shares of the conglomerate's stock worth $5,518,000 after purchasing an additional 12,421 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Icahn Enterprises in the third quarter valued at approximately $30,000. Merit Financial Group LLC bought a new stake in shares of Icahn Enterprises during the fourth quarter valued at approximately $343,000. Finally, SG Americas Securities LLC acquired a new position in shares of Icahn Enterprises during the fourth quarter worth approximately $193,000. 87.09% of the stock is owned by institutional investors and hedge funds.

Icahn Enterprises Price Performance

IEP traded up $0.12 during trading on Friday, reaching $8.93. The stock had a trading volume of 400,110 shares, compared to its average volume of 953,296. The stock has a 50 day moving average of $9.00 and a two-hundred day moving average of $10.19. Icahn Enterprises L.P. has a 1-year low of $7.27 and a 1-year high of $19.10. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of -8.19 and a beta of 0.77. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 1.34.

Icahn Enterprises (NASDAQ:IEP - Get Free Report) last released its earnings results on Wednesday, February 26th. The conglomerate reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.36). The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.27 billion. Icahn Enterprises had a negative net margin of 4.79% and a negative return on equity of 8.82%. As a group, equities analysts anticipate that Icahn Enterprises L.P. will post -0.55 EPS for the current fiscal year.

Icahn Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, March 10th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 22.40%. The ex-dividend date was Monday, March 10th. Icahn Enterprises's dividend payout ratio (DPR) is presently -210.53%.

Analyst Upgrades and Downgrades

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

Icahn Enterprises Company Profile

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.