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

Icahn Carl C boosted its stake in Icahn Enterprises L.P. (NASDAQ:IEP - Free Report) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 450,788,170 shares of the conglomerate's stock after purchasing an additional 17,581,237 shares during the quarter. Icahn Enterprises comprises about 52.7% of Icahn Carl C's investment portfolio, making the stock its largest holding. Icahn Carl C owned about 89.44% of Icahn Enterprises worth $3,908,333,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IEP. First Trust Advisors LP increased its stake in shares of Icahn Enterprises by 26.2% during the 4th quarter. First Trust Advisors LP now owns 660,077 shares of the conglomerate's stock worth $5,723,000 after purchasing an additional 137,012 shares during the last quarter. Raymond James Financial Inc. bought a new position in Icahn Enterprises in the fourth quarter valued at approximately $969,000. Virtu Financial LLC acquired a new position in Icahn Enterprises during the fourth quarter worth about $856,000. Axxcess Wealth Management LLC acquired a new position in shares of Icahn Enterprises during the fourth quarter worth $447,000. Finally, Merit Financial Group LLC bought a new position in Icahn Enterprises in the 4th quarter valued at approximately $343,000. 87.09% of the stock is owned by institutional investors and hedge funds.

Icahn Enterprises Stock Up 1.4 %

Shares of NASDAQ:IEP traded up $0.12 during midday trading on Friday, hitting $8.93. 400,110 shares of the company's stock were exchanged, compared to its average volume of 955,732. The company has a market cap of $4.67 billion, a PE ratio of -8.19 and a beta of 0.77. The stock has a 50 day moving average price of $9.00 and a 200-day moving average price of $10.16. Icahn Enterprises L.P. has a 12 month low of $7.27 and a 12 month high of $19.10. 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 announced 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). Icahn Enterprises had a negative net margin of 4.79% and a negative return on equity of 8.82%. The firm had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.27 billion. On average, sell-side analysts anticipate that Icahn Enterprises L.P. will post -0.55 EPS for the current fiscal year.

Icahn Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, March 10th were paid 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 of this dividend was Monday, March 10th. Icahn Enterprises's payout ratio is -210.53%.

Analyst Upgrades and Downgrades

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

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.