Icahn Enterprises L.P. (NASDAQ:IEP) Holdings Trimmed by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. trimmed its position in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 53.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 15,136 shares of the conglomerate’s stock after selling 17,413 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Icahn Enterprises were worth $205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its position in Icahn Enterprises by 6.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 109,724 shares of the conglomerate’s stock worth $1,808,000 after purchasing an additional 6,276 shares in the last quarter. Creative Planning grew its holdings in shares of Icahn Enterprises by 15.8% during the 2nd quarter. Creative Planning now owns 108,372 shares of the conglomerate’s stock valued at $1,786,000 after acquiring an additional 14,805 shares in the last quarter. Griffin Asset Management Inc. grew its holdings in shares of Icahn Enterprises by 7.8% during the 3rd quarter. Griffin Asset Management Inc. now owns 39,970 shares of the conglomerate’s stock valued at $540,000 after acquiring an additional 2,887 shares in the last quarter. Western Wealth Management LLC grew its holdings in shares of Icahn Enterprises by 10.5% during the 2nd quarter. Western Wealth Management LLC now owns 38,514 shares of the conglomerate’s stock valued at $635,000 after acquiring an additional 3,650 shares in the last quarter. Finally, Crew Capital Management Ltd. purchased a new position in shares of Icahn Enterprises during the 2nd quarter valued at $628,000. 87.09% of the stock is currently owned by hedge funds and other institutional investors.

Icahn Enterprises Trading Up 2.2 %

Icahn Enterprises stock opened at $10.33 on Thursday. The company’s fifty day simple moving average is $12.72 and its 200-day simple moving average is $14.46. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 1.34. Icahn Enterprises L.P. has a 12 month low of $9.72 and a 12 month high of $22.59. The stock has a market cap of $5.20 billion, a P/E ratio of -9.47 and a beta of 0.75.

Icahn Enterprises Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 19.37%. The ex-dividend date is Monday, November 18th. Icahn Enterprises’s dividend payout ratio is currently -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.