Icahn Enterprises L.P. (NASDAQ:IEP) Stock Position Lifted by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 408,157 shares of the conglomerate’s stock after purchasing an additional 12,421 shares during the period. Geode Capital Management LLC owned approximately 0.08% of Icahn Enterprises worth $5,518,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Planning Capital Management Corp bought a new stake in shares of Icahn Enterprises during the 3rd quarter worth about $34,000. Northwestern Mutual Wealth Management Co. grew its position 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 worth $47,000 after buying an additional 1,083 shares during the period. Barclays PLC lifted its stake in Icahn Enterprises by 24.3% in the third quarter. Barclays PLC now owns 7,307 shares of the conglomerate’s stock valued at $100,000 after buying an additional 1,427 shares during the period. KPP Advisory Services LLC acquired a new position in shares of Icahn Enterprises in the 2nd quarter valued at $187,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Icahn Enterprises in the third quarter valued at about $164,000. Institutional investors and hedge funds own 87.09% of the company’s stock.

Icahn Enterprises Trading Up 1.6 %

Shares of NASDAQ: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 current ratio of 4.61 and a quick ratio of 4.61. Icahn Enterprises L.P. has a one year low of $8.53 and a one year high of $22.59. The company’s 50-day moving average price is $10.96 and its two-hundred day moving average price is $13.62.

Icahn Enterprises Cuts Dividend

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

About Icahn Enterprises

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.