Wells Fargo & Company MN lifted its stake in shares of Icahn Enterprises LP (NASDAQ:IEP) by 11.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 95,188 shares of the conglomerate’s stock after purchasing an additional 9,738 shares during the quarter. Wells Fargo & Company MN owned 0.06% of Icahn Enterprises worth $5,222,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC purchased a new stake in Icahn Enterprises during the 2nd quarter valued at about $1,774,000. Commonwealth Equity Services Inc lifted its holdings in Icahn Enterprises by 23.0% in the 3rd quarter. Commonwealth Equity Services Inc now owns 12,492 shares of the conglomerate’s stock worth $685,000 after buying an additional 2,332 shares during the period. Rafferty Asset Management LLC lifted its holdings in Icahn Enterprises by 8.8% in the 2nd quarter. Rafferty Asset Management LLC now owns 60,720 shares of the conglomerate’s stock worth $3,137,000 after buying an additional 4,910 shares during the period. Texas Yale Capital Corp. lifted its holdings in Icahn Enterprises by 4.9% in the 3rd quarter. Texas Yale Capital Corp. now owns 62,593 shares of the conglomerate’s stock worth $3,434,000 after buying an additional 2,898 shares during the period. Finally, Citigroup Inc. lifted its holdings in Icahn Enterprises by 6.2% in the 2nd quarter. Citigroup Inc. now owns 5,900,594 shares of the conglomerate’s stock worth $304,825,000 after buying an additional 344,402 shares during the period. Institutional investors own 97.46% of the company’s stock.
IEP has been the subject of several research analyst reports. BidaskClub cut Icahn Enterprises from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 20th. UBS Group raised their price objective on Icahn Enterprises from $39.00 to $42.00 and gave the company a “sell” rating in a research report on Wednesday, November 8th. Finally, ValuEngine lowered Icahn Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $51.50.
Shares of Icahn Enterprises LP (NASDAQ:IEP) opened at $56.50 on Thursday. The company has a market capitalization of $9,550.00, a price-to-earnings ratio of 4.90 and a beta of 1.76. Icahn Enterprises LP has a fifty-two week low of $47.06 and a fifty-two week high of $61.50. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.00.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Monday, November 13th were paid a $1.50 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 10.62%. Icahn Enterprises’s dividend payout ratio (DPR) is currently 13.01%.
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Icahn Enterprises Company Profile
Icahn Enterprises L.P. (Icahn Enterprises) is a holding company. The Company’s segments include Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Mining, Real Estate and Home Fashion. The Company’s Investment segment includes various private investment funds. The Company operates its Automotive segment through its ownership in Federal-Mogul Holdings Corporation and IEH Auto Parts Holding LLC.
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