Mirae Asset Global Investments Co. Ltd. Sells 1,054 Shares of Icahn Enterprises L.P. (NASDAQ:IEP)

Mirae Asset Global Investments Co. Ltd. lowered its stake in Icahn Enterprises L.P. (NASDAQ:IEP) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,585 shares of the conglomerate’s stock after selling 1,054 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Icahn Enterprises were worth $646,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in IEP. National Bank of Canada FI grew its position in shares of Icahn Enterprises by 42.9% during the third quarter. National Bank of Canada FI now owns 10,000 shares of the conglomerate’s stock worth $195,000 after purchasing an additional 3,000 shares in the last quarter. KG&L Capital Management LLC grew its position in shares of Icahn Enterprises by 19.7% during the third quarter. KG&L Capital Management LLC now owns 23,887 shares of the conglomerate’s stock worth $472,000 after purchasing an additional 3,939 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Icahn Enterprises by 1.8% during the third quarter. Commonwealth Equity Services LLC now owns 82,455 shares of the conglomerate’s stock worth $1,631,000 after purchasing an additional 1,440 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Icahn Enterprises by 23.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 19,953 shares of the conglomerate’s stock worth $395,000 after purchasing an additional 3,819 shares in the last quarter. Finally, Raymond James & Associates grew its position in shares of Icahn Enterprises by 2.8% during the third quarter. Raymond James & Associates now owns 28,599 shares of the conglomerate’s stock worth $566,000 after purchasing an additional 776 shares in the last quarter. Institutional investors own 87.09% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Icahn Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, March 12th.

Icahn Enterprises Stock Performance

NASDAQ IEP opened at $17.27 on Friday. The stock has a market capitalization of $7.41 billion, a PE ratio of -9.54 and a beta of 0.84. The business has a 50 day simple moving average of $18.08 and a two-hundred day simple moving average of $17.79. The company has a debt-to-equity ratio of 1.19, a current ratio of 5.70 and a quick ratio of 5.70. Icahn Enterprises L.P. has a 1-year low of $15.00 and a 1-year high of $51.65.

Icahn Enterprises (NASDAQ:IEP) last released its quarterly earnings results on Wednesday, February 28th. The conglomerate reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.54). The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Icahn Enterprises had a negative net margin of 6.21% and a negative return on equity of 9.60%. On average, research analysts predict that Icahn Enterprises L.P. will post 0.93 EPS for the current fiscal year.

Icahn Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Monday, March 11th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 23.16%. The ex-dividend date was Friday, March 8th. Icahn Enterprises’s dividend payout ratio (DPR) is -220.99%.

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.