MML Investors Services LLC Buys Shares of 12,621 Icahn Enterprises L.P. (NASDAQ:IEP)

MML Investors Services LLC purchased a new position in shares of Icahn Enterprises L.P. (NASDAQ:IEP) during the third quarter, HoldingsChannel.com reports. The fund purchased 12,621 shares of the conglomerate’s stock, valued at approximately $171,000.

Several other institutional investors have also modified their holdings of IEP. Tempus Wealth Planning LLC bought a new stake in Icahn Enterprises during the 3rd quarter worth approximately $418,000. Meridian Wealth Management LLC bought a new position in Icahn Enterprises in the third quarter valued at $272,000. Valeo Financial Advisors LLC acquired a new stake in Icahn Enterprises in the 3rd quarter valued at $203,000. Creative Planning raised its holdings in Icahn Enterprises by 15.8% during the second quarter. Creative Planning now owns 108,372 shares of the conglomerate’s stock worth $1,786,000 after acquiring an additional 14,805 shares in the last quarter. Finally, Vima LLC bought a new position in shares of Icahn Enterprises in the second quarter valued at $220,000. Institutional investors own 87.09% of the company’s stock.

Icahn Enterprises Stock Down 1.9 %

Icahn Enterprises stock opened at $8.94 on Friday. 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 company’s 50-day moving average is $11.72 and its 200-day moving average is $13.94. The firm has a market capitalization of $4.51 billion, a PE ratio of -8.20 and a beta of 0.75. Icahn Enterprises L.P. has a fifty-two week low of $8.94 and a fifty-two week high of $22.59.

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 issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 22.37%. The ex-dividend date of this dividend was Monday, November 18th. Icahn Enterprises’s dividend payout ratio is -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.