Icahn Enterprises L.P. (NASDAQ:IEP) Shares Sold by Charles Schwab Investment Advisory Inc.

Charles Schwab Investment Advisory Inc. cut its position in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,569 shares of the conglomerate’s stock after selling 1,166 shares during the quarter. Charles Schwab Investment Advisory Inc.’s holdings in Icahn Enterprises were worth $216,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of IEP. Fort Point Capital Partners LLC increased its holdings in Icahn Enterprises by 319.4% in the 3rd quarter. Fort Point Capital Partners LLC now owns 80,100 shares of the conglomerate’s stock valued at $1,584,000 after purchasing an additional 61,000 shares in the last quarter. International Assets Investment Management LLC lifted its position in Icahn Enterprises by 1,623.0% during the 4th quarter. International Assets Investment Management LLC now owns 334,483 shares of the conglomerate’s stock worth $5,750,000 after acquiring an additional 315,070 shares in the last quarter. AdvisorNet Financial Inc lifted its position in Icahn Enterprises by 18.9% during the 4th quarter. AdvisorNet Financial Inc now owns 36,335 shares of the conglomerate’s stock worth $625,000 after acquiring an additional 5,779 shares in the last quarter. MKT Advisors LLC purchased a new position in Icahn Enterprises in the 4th quarter worth approximately $1,064,000. Finally, Citigroup Inc. grew its position in Icahn Enterprises by 45.7% in the third quarter. Citigroup Inc. now owns 8,835 shares of the conglomerate’s stock valued at $175,000 after acquiring an additional 2,772 shares in the last quarter. 87.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Icahn Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, March 12th.

Icahn Enterprises Stock Down 1.1 %

Shares of Icahn Enterprises stock traded down $0.19 during trading hours on Tuesday, hitting $17.17. 646,727 shares of the company’s stock traded hands, compared to its average volume of 663,416. Icahn Enterprises L.P. has a twelve month low of $15.00 and a twelve month high of $39.44. The company has a market cap of $7.37 billion, a PE ratio of -9.49 and a beta of 0.81. The company has a quick ratio of 5.70, a current ratio of 5.70 and a debt-to-equity ratio of 1.19. The stock has a 50 day simple moving average of $17.60 and a 200-day simple moving average of $17.75.

Icahn Enterprises (NASDAQ:IEP) last issued its quarterly earnings data on Wednesday, February 28th. The conglomerate reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.54). Icahn Enterprises had a negative net margin of 6.21% and a negative return on equity of 9.60%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.73 billion. Equities research analysts anticipate that Icahn Enterprises L.P. will post 0.93 earnings per share for the current fiscal year.

Icahn Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Monday, March 11th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 23.30%. The ex-dividend date was Friday, March 8th. Icahn Enterprises’s payout ratio is currently -220.99%.

Icahn Enterprises 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.