Wilmington Savings Fund Society FSB Takes $30,000 Position in Icahn Enterprises L.P. (NASDAQ:IEP)

Wilmington Savings Fund Society FSB bought a new position in Icahn Enterprises L.P. (NASDAQ:IEP) in the 3rd quarter, Holdings Channel.com reports. The firm bought 2,184 shares of the conglomerate’s stock, valued at approximately $30,000.

Other institutional investors have also added to or reduced their stakes in the company. Planning Capital Management Corp bought a new stake in shares of Icahn Enterprises in the 3rd quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. raised its position in 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 purchasing an additional 1,083 shares during the period. Barclays PLC lifted its stake in Icahn Enterprises by 24.3% in 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. Wealth Enhancement Advisory Services LLC purchased a new stake in Icahn Enterprises during the third quarter valued at about $164,000. Finally, MML Investors Services LLC bought a new position in shares of Icahn Enterprises during the third quarter valued at about $171,000. Institutional investors own 87.09% of the company’s stock.

Icahn Enterprises Trading Down 3.6 %

NASDAQ IEP opened at $9.19 on Tuesday. The firm has a market cap of $4.63 billion, a PE ratio of -8.43 and a beta of 0.76. Icahn Enterprises L.P. has a 1-year low of $9.13 and a 1-year high of $22.59. The stock has a 50-day moving average of $12.04 and a 200-day moving average of $14.06. 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 Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 21.76%. The ex-dividend date of this dividend is Monday, November 18th. Icahn Enterprises’s dividend payout ratio (DPR) is presently -183.49%.

Icahn Enterprises 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.