Geode Capital Management LLC Buys 12,421 Shares of Icahn Enterprises L.P. (NASDAQ:IEP)

Geode Capital Management LLC grew its holdings in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 408,157 shares of the conglomerate’s stock after acquiring an additional 12,421 shares during the quarter. Geode Capital Management LLC’s holdings in Icahn Enterprises were worth $5,518,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Commonwealth Equity Services LLC lifted its stake in Icahn Enterprises by 6.1% in the second quarter. Commonwealth Equity Services LLC now owns 109,724 shares of the conglomerate’s stock worth $1,808,000 after acquiring an additional 6,276 shares during the period. Vima LLC purchased a new position in shares of Icahn Enterprises during the 2nd quarter worth $220,000. Insigneo Advisory Services LLC purchased a new position in Icahn Enterprises during the second quarter valued at approximately $201,000. Creative Planning grew its position in shares of 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 purchasing an additional 14,805 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Icahn Enterprises by 61.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,845 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 1,083 shares during the last quarter. Institutional investors own 87.09% of the company’s stock.

Icahn Enterprises Trading Up 1.6 %

Shares of IEP opened at $9.12 on Friday. The stock has a market capitalization of $4.60 billion, a PE ratio of -8.37 and a beta of 0.80. The company has a debt-to-equity ratio of 1.34, a quick ratio of 4.61 and a current ratio of 4.61. The company’s fifty day moving average is $10.96 and its 200 day moving average is $13.62. Icahn Enterprises L.P. has a fifty-two week low of $8.53 and a fifty-two week high of $22.59.

Icahn Enterprises Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Monday, November 18th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 21.93%. The ex-dividend date of this dividend was Monday, November 18th. Icahn Enterprises’s dividend payout ratio (DPR) is currently -183.49%.

Icahn Enterprises Company 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.