Wilmington Savings Fund Society FSB Buys Shares of 2,184 Icahn Enterprises L.P. (NASDAQ:IEP)

Wilmington Savings Fund Society FSB purchased a new position in shares of Icahn Enterprises L.P. (NASDAQ:IEP) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,184 shares of the conglomerate’s stock, valued at approximately $30,000.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC increased its holdings in Icahn Enterprises by 21.4% in the 2nd quarter. International Assets Investment Management LLC now owns 28,897 shares of the conglomerate’s stock worth $476,000 after acquiring an additional 5,099 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Icahn Enterprises by 6.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 109,724 shares of the conglomerate’s stock valued at $1,808,000 after buying an additional 6,276 shares in the last quarter. Stablepoint Partners LLC lifted its stake in shares of Icahn Enterprises by 12.2% during the 2nd quarter. Stablepoint Partners LLC now owns 25,000 shares of the conglomerate’s stock valued at $433,000 after buying an additional 2,719 shares in the last quarter. Vima LLC bought a new position in Icahn Enterprises in the 2nd quarter worth approximately $220,000. Finally, Insigneo Advisory Services LLC purchased a new position in Icahn Enterprises in the 2nd quarter valued at approximately $201,000. Institutional investors own 87.09% of the company’s stock.

Icahn Enterprises Trading Down 3.6 %

NASDAQ:IEP opened at $9.19 on Tuesday. The company has a market cap of $4.63 billion, a P/E ratio of -8.43 and a beta of 0.76. Icahn Enterprises L.P. has a 1 year low of $9.13 and a 1 year high of $22.59. The company has a debt-to-equity ratio of 1.34, a current ratio of 4.61 and a quick ratio of 4.61. The stock’s fifty day moving average price is $12.04 and its two-hundred day moving average price is $14.06.

Icahn Enterprises Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 21.76%. The ex-dividend date of this dividend is Monday, November 18th. Icahn Enterprises’s payout ratio is presently -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.