LPL Financial LLC Sells 32,728 Shares of Icahn Enterprises L.P. (NASDAQ:IEP)

LPL Financial LLC lowered its position in Icahn Enterprises L.P. (NASDAQ:IEP - Free Report) by 15.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 185,749 shares of the conglomerate's stock after selling 32,728 shares during the period. LPL Financial LLC's holdings in Icahn Enterprises were worth $1,610,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Icahn Enterprises in the 3rd quarter valued at $30,000. Global Retirement Partners LLC increased its holdings in Icahn Enterprises by 18.1% during the 4th quarter. Global Retirement Partners LLC now owns 7,122 shares of the conglomerate's stock worth $62,000 after purchasing an additional 1,089 shares in the last quarter. Barclays PLC lifted its holdings in shares of Icahn Enterprises by 24.3% in the third quarter. Barclays PLC now owns 7,307 shares of the conglomerate's stock valued at $100,000 after purchasing an additional 1,427 shares in the last quarter. Littlejohn Financial Services Inc. bought a new stake in Icahn Enterprises during the fourth quarter worth $121,000. Finally, MML Investors Services LLC purchased a new stake in Icahn Enterprises in the 3rd quarter valued at $171,000. 87.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Icahn Enterprises Stock Performance

Shares of NASDAQ IEP traded up $0.21 during midday trading on Tuesday, reaching $8.76. The company's stock had a trading volume of 414,490 shares, compared to its average volume of 955,592. The company has a debt-to-equity ratio of 1.34, a current ratio of 4.61 and a quick ratio of 4.61. The stock has a market capitalization of $4.58 billion, a P/E ratio of -8.04 and a beta of 0.77. The firm has a 50 day moving average price of $9.23 and a 200-day moving average price of $10.47. Icahn Enterprises L.P. has a 12-month low of $7.27 and a 12-month high of $19.10.

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

Icahn Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, March 10th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, March 10th. This represents a $2.00 annualized dividend and a dividend yield of 22.83%. Icahn Enterprises's payout ratio is -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.