Pacific Capital Wealth Advisors Inc. Takes $86,000 Position in Icahn Enterprises L.P. (NASDAQ:IEP)

Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Icahn Enterprises L.P. (NASDAQ:IEP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,000 shares of the conglomerate’s stock, valued at approximately $86,000.

A number of other large investors also recently bought and sold shares of IEP. Global Retirement Partners LLC boosted its stake in shares of Icahn Enterprises by 467.1% during the fourth quarter. Global Retirement Partners LLC now owns 5,495 shares of the conglomerate’s stock valued at $98,000 after purchasing an additional 4,526 shares during the period. Citigroup Inc. boosted its position in Icahn Enterprises by 45.7% in the 3rd quarter. Citigroup Inc. now owns 8,835 shares of the conglomerate’s stock valued at $175,000 after buying an additional 2,772 shares during the period. National Bank of Canada FI grew its stake in Icahn Enterprises by 6.0% in the 4th quarter. National Bank of Canada FI now owns 10,600 shares of the conglomerate’s stock worth $187,000 after acquiring an additional 600 shares in the last quarter. Anfield Capital Management LLC purchased a new position in shares of Icahn Enterprises during the fourth quarter worth approximately $193,000. Finally, Integrated Advisors Network LLC bought a new stake in shares of Icahn Enterprises during the third quarter valued at approximately $198,000. Hedge funds and other institutional investors own 87.09% of the company’s stock.

Icahn Enterprises Stock Up 8.1 %

NASDAQ:IEP traded up $1.39 during mid-day trading on Wednesday, reaching $18.56. The company’s stock had a trading volume of 1,944,791 shares, compared to its average volume of 677,932. The company has a quick ratio of 5.70, a current ratio of 5.70 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $7.96 billion, a PE ratio of -10.25 and a beta of 0.81. The stock has a fifty day moving average of $17.55 and a 200-day moving average of $17.75. Icahn Enterprises L.P. has a 1 year low of $15.00 and a 1 year high of $38.18.

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

Icahn Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Monday, March 11th were issued a $1.00 dividend. The ex-dividend date was Friday, March 8th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 21.55%. Icahn Enterprises’s dividend payout ratio is presently -220.99%.

Analyst Upgrades and Downgrades

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

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.