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

Charles Schwab Investment Advisory Inc. decreased its holdings in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 8.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,569 shares of the conglomerate’s stock after selling 1,166 shares during the period. Charles Schwab Investment Advisory Inc.’s holdings in Icahn Enterprises were worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Global Retirement Partners LLC lifted its stake in shares of Icahn Enterprises by 467.1% in the fourth quarter. Global Retirement Partners LLC now owns 5,495 shares of the conglomerate’s stock worth $98,000 after buying an additional 4,526 shares in the last quarter. Citigroup Inc. lifted its stake in Icahn Enterprises by 45.7% in the 3rd quarter. Citigroup Inc. now owns 8,835 shares of the conglomerate’s stock worth $175,000 after purchasing an additional 2,772 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of Icahn Enterprises by 6.0% during the 4th quarter. National Bank of Canada FI now owns 10,600 shares of the conglomerate’s stock worth $187,000 after purchasing an additional 600 shares during the last quarter. Anfield Capital Management LLC purchased a new stake in shares of Icahn Enterprises in the fourth quarter valued at approximately $193,000. Finally, Integrated Advisors Network LLC acquired a new stake in shares of Icahn Enterprises in the third quarter valued at approximately $198,000. Institutional investors and hedge funds own 87.09% of the company’s stock.

Wall Street Analyst Weigh In

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

Icahn Enterprises Trading Down 1.1 %

NASDAQ IEP traded down $0.19 during trading hours on Tuesday, reaching $17.17. The company had a trading volume of 646,727 shares, compared to its average volume of 663,416. The company has a current ratio of 5.70, a quick ratio of 5.70 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $7.37 billion, a P/E ratio of -9.49 and a beta of 0.81. The stock has a 50-day moving average of $17.60 and a 200 day moving average of $17.75. Icahn Enterprises L.P. has a 1-year low of $15.00 and a 1-year high of $39.44.

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

Icahn Enterprises Dividend Announcement

The company 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. The ex-dividend date was Friday, March 8th. This represents a $4.00 annualized dividend and a dividend yield of 23.30%. Icahn Enterprises’s dividend payout ratio is currently -220.99%.

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.