30,916 Shares in Icahn Enterprises L.P. (NASDAQ:IEP) Bought by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC bought a new position in Icahn Enterprises L.P. (NASDAQ:IEP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 30,916 shares of the conglomerate’s stock, valued at approximately $418,000.

Other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in Icahn Enterprises by 621.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 270,995 shares of the conglomerate’s stock worth $4,610,000 after acquiring an additional 233,410 shares during the period. International Assets Investment Management LLC lifted its holdings in Icahn Enterprises by 22.3% during the 1st quarter. International Assets Investment Management LLC now owns 23,798 shares of the conglomerate’s stock valued at $404,000 after purchasing an additional 4,340 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Icahn Enterprises by 76.4% during the 1st quarter. BNP Paribas Financial Markets now owns 314,888 shares of the conglomerate’s stock valued at $5,356,000 after purchasing an additional 136,418 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Icahn Enterprises by 49.0% in the first quarter. Commonwealth Equity Services LLC now owns 103,448 shares of the conglomerate’s stock worth $1,760,000 after acquiring an additional 34,003 shares during the last quarter. Finally, Griffin Asset Management Inc. raised its stake in shares of Icahn Enterprises by 10.3% in the second quarter. Griffin Asset Management Inc. now owns 37,083 shares of the conglomerate’s stock worth $611,000 after acquiring an additional 3,473 shares during the last quarter. Institutional investors own 87.09% of the company’s stock.

Icahn Enterprises Trading Up 2.5 %

IEP opened at $15.37 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 4.85 and a quick ratio of 4.85. The company has a market cap of $6.93 billion, a price-to-earnings ratio of -13.37 and a beta of 0.77. The firm has a 50 day simple moving average of $13.65 and a 200 day simple moving average of $15.77. Icahn Enterprises L.P. has a fifty-two week low of $9.72 and a fifty-two week high of $22.59.

Icahn Enterprises (NASDAQ:IEP) last released its quarterly earnings results on Wednesday, August 7th. The conglomerate reported ($0.72) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.91). Icahn Enterprises had a negative net margin of 4.97% and a negative return on equity of 8.62%. The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the company earned ($0.72) EPS. On average, sell-side analysts anticipate that Icahn Enterprises L.P. will post -0.42 earnings per share for the current year.

Icahn Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Monday, August 19th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 26.02%. The ex-dividend date was Monday, August 19th. Icahn Enterprises’s payout ratio is presently -347.83%.

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.