KPP Advisory Services LLC Trims Stake in Icahn Enterprises L.P. (NASDAQ:IEP)

KPP Advisory Services LLC trimmed its holdings in Icahn Enterprises L.P. (NASDAQ:IEP) by 9.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,437 shares of the conglomerate’s stock after selling 1,481 shares during the quarter. KPP Advisory Services LLC’s holdings in Icahn Enterprises were worth $125,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prime Capital Investment Advisors LLC raised its stake in Icahn Enterprises by 6.4% in the third quarter. Prime Capital Investment Advisors LLC now owns 14,203 shares of the conglomerate’s stock worth $192,000 after buying an additional 855 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Icahn Enterprises by 61.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,845 shares of the conglomerate’s stock worth $47,000 after acquiring an additional 1,083 shares in the last quarter. Barclays PLC lifted its stake in shares of Icahn Enterprises by 24.3% during the 3rd quarter. Barclays PLC now owns 7,307 shares of the conglomerate’s stock worth $100,000 after purchasing an additional 1,427 shares during the last quarter. PSI Advisors LLC boosted its position in Icahn Enterprises by 4.8% during the third quarter. PSI Advisors LLC now owns 31,510 shares of the conglomerate’s stock valued at $426,000 after purchasing an additional 1,455 shares in the last quarter. Finally, United Advisor Group LLC grew its stake in Icahn Enterprises by 7.7% in the third quarter. United Advisor Group LLC now owns 28,930 shares of the conglomerate’s stock valued at $391,000 after purchasing an additional 2,079 shares during the last quarter. 87.09% of the stock is owned by institutional investors.

Icahn Enterprises Stock Performance

IEP stock opened at $9.85 on Tuesday. The firm has a 50-day simple moving average of $9.74 and a two-hundred day simple moving average of $12.54. The company has a debt-to-equity ratio of 1.34, a quick ratio of 4.61 and a current ratio of 4.61. Icahn Enterprises L.P. has a one year low of $8.53 and a one year high of $22.59. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of -9.04 and a beta of 0.81.

Icahn Enterprises (NASDAQ:IEP) last announced its earnings results on Friday, November 8th. The conglomerate reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.16). Icahn Enterprises had a negative net margin of 4.79% and a negative return on equity of 8.82%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the business earned ($0.01) earnings per share. On average, equities analysts forecast that Icahn Enterprises L.P. will post -0.55 EPS for the current fiscal year.

Icahn Enterprises Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Monday, November 18th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 20.30%. The ex-dividend date was Monday, November 18th. Icahn Enterprises’s dividend payout ratio (DPR) is presently -183.48%.

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.