KPP Advisory Services LLC Has $215,000 Stock Holdings in Icahn Enterprises L.P. (NASDAQ:IEP)

KPP Advisory Services LLC increased its holdings in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 40.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 15,918 shares of the conglomerate’s stock after acquiring an additional 4,563 shares during the period. KPP Advisory Services LLC’s holdings in Icahn Enterprises were worth $215,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in IEP. Griffin Asset Management Inc. lifted its holdings in shares of Icahn Enterprises by 10.3% in the 2nd quarter. Griffin Asset Management Inc. now owns 37,083 shares of the conglomerate’s stock worth $611,000 after purchasing an additional 3,473 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Icahn Enterprises during the third quarter worth about $164,000. Commonwealth Equity Services LLC raised its holdings in shares of Icahn Enterprises by 6.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 109,724 shares of the conglomerate’s stock worth $1,808,000 after acquiring an additional 6,276 shares during the last quarter. Western Wealth Management LLC lifted its position in Icahn Enterprises by 10.5% in the 2nd quarter. Western Wealth Management LLC now owns 38,514 shares of the conglomerate’s stock valued at $635,000 after acquiring an additional 3,650 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Icahn Enterprises during the 1st quarter valued at about $296,000. 87.09% of the stock is currently owned by institutional investors.

Icahn Enterprises Stock Down 0.6 %

IEP stock opened at $12.48 on Friday. The stock’s 50 day moving average is $13.25 and its 200-day moving average is $15.28. Icahn Enterprises L.P. has a twelve month low of $9.72 and a twelve month high of $22.59. The firm has a market capitalization of $6.29 billion, a PE ratio of -11.45 and a beta of 0.78. The company has a quick ratio of 4.85, a current ratio of 4.61 and a debt-to-equity ratio of 1.34.

Icahn Enterprises Cuts Dividend

The company also recently disclosed 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 16.03%. The ex-dividend date is Monday, November 18th. Icahn Enterprises’s dividend payout ratio is -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.