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

MML Investors Services LLC acquired a new stake in shares of Icahn Enterprises L.P. (NASDAQ:IEP) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,621 shares of the conglomerate’s stock, valued at approximately $171,000.

Other institutional investors also recently added to or reduced their stakes in the company. Tempus Wealth Planning LLC acquired a new position in shares of Icahn Enterprises in the 3rd quarter worth approximately $418,000. Meridian Wealth Management LLC bought a new position in Icahn Enterprises in the 3rd quarter valued at $272,000. Valeo Financial Advisors LLC acquired a new position in Icahn Enterprises in the third quarter worth $203,000. Creative Planning grew its holdings 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 during the last quarter. Finally, Vima LLC bought a new position in shares of Icahn Enterprises in the second quarter worth about $220,000. 87.09% of the stock is owned by institutional investors and hedge funds.

Icahn Enterprises Stock Down 1.9 %

Shares of IEP opened at $8.94 on Friday. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of -8.20 and a beta of 0.75. Icahn Enterprises L.P. has a 52 week low of $8.94 and a 52 week high of $22.59. 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 business’s fifty day moving average price is $11.72 and its two-hundred day moving average price is $13.94.

Icahn Enterprises Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Monday, November 18th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 22.37%. The ex-dividend date 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.