Corient Private Wealth LLC Decreases Stock Position in Icahn Enterprises L.P. (NASDAQ:IEP)

Corient Private Wealth LLC lessened its position in Icahn Enterprises L.P. (NASDAQ:IEP - Free Report) by 72.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,190 shares of the conglomerate's stock after selling 57,006 shares during the period. Corient Private Wealth LLC's holdings in Icahn Enterprises were worth $192,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Meridian Wealth Management LLC grew its holdings in Icahn Enterprises by 5.1% in the 4th quarter. Meridian Wealth Management LLC now owns 21,171 shares of the conglomerate's stock valued at $184,000 after buying an additional 1,026 shares during the period. Global Retirement Partners LLC grew its holdings in Icahn Enterprises by 18.1% in the fourth quarter. Global Retirement Partners LLC now owns 7,122 shares of the conglomerate's stock valued at $62,000 after purchasing an additional 1,089 shares during the period. Barclays PLC increased its position in Icahn Enterprises by 24.3% during the third 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. Wilmington Savings Fund Society FSB purchased a new position in Icahn Enterprises during the third quarter worth approximately $30,000. Finally, National Bank of Canada FI boosted its holdings in shares of Icahn Enterprises by 12.5% in the 3rd quarter. National Bank of Canada FI now owns 22,500 shares of the conglomerate's stock valued at $304,000 after purchasing an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 87.09% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Icahn Enterprises from a "sell" rating to a "hold" rating in a report on Wednesday, March 26th.

Icahn Enterprises Trading Down 8.0 %

NASDAQ:IEP traded down $0.72 on Friday, hitting $8.25. 2,133,131 shares of the stock were exchanged, compared to its average volume of 941,058. The stock has a fifty day moving average of $9.66 and a 200-day moving average of $10.92. The stock has a market cap of $4.31 billion, a PE ratio of -7.57 and a beta of 0.77. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 1.34. Icahn Enterprises L.P. has a fifty-two week low of $8.21 and a fifty-two week high of $19.10.

Icahn Enterprises (NASDAQ:IEP - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The conglomerate reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.36). Icahn Enterprises had a negative net margin of 4.79% and a negative return on equity of 8.82%. The business had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.27 billion. As a group, equities analysts expect that Icahn Enterprises L.P. will post -0.55 earnings per share for the current fiscal year.

Icahn Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.00 annualized dividend and a yield of 24.24%. Icahn Enterprises's dividend payout ratio is currently -210.53%.

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.