IEP - Icahn Enterprises L.P.
| Previous Close | 72.67 |
| Open | 72.72 |
| Bid | 73.57 x 1200 |
| Ask | 73.80 x 2200 |
| Day's Range | 72.72 - 73.83 |
| 52 Week Range | 50.33 - 81.88 |
| Volume | 22,615 |
| Avg. Volume | 89,675 |
| Market Cap | 14.095B |
| Beta (3Y Monthly) | 1.48 |
| PE Ratio (TTM) | 6.43 |
| EPS (TTM) | 11.46 |
| Earnings Date | May 1, 2019 - May 6, 2019 |
| Forward Dividend & Yield | 8.00 (10.98%) |
| Ex-Dividend Date | 2019-03-08 |
| 1y Target Est | 58.00 |
- GuruFocus.com•12 days ago
Carl Icahn Ups Caesars Stake as He Pushes for Sale
Activist investor Carl Icahn (Trades, Portfolio) this week increased his holding of Caesars Entertainment Corp. (CZR) as he expands his control of the company in hopes of putting it up for sale. Warning! GuruFocus has detected 2 Warning Signs with CZR.
- InvestorPlace•13 days ago
7 Winning High-Yield Dividend Stocks With Payouts Over 5%
Google the question "What's considered a high dividend yield?" and you get more than 65 million results. That's because many investors are on the hunt for dividend stocks to buy that not only appreciate over time but also pay a high dividend. So what is a high-dividend yield stock? One that pays 1%? 3%? 5%? The truth is there is no strict rule. If you are interested in high-yield dividend stocks, it's better to focus on a company's history of growing its dividend rather than just looking for the juiciest dividend yields. That's because dividend yields are often high due to some problem with the business that's knocked its share price lower. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat said, if you can find a group of stocks that yield 5% and have demonstrated the ability to grow the annual payment over a decent amount of time, double-digit total returns won't be nearly as difficult to achieve. * The 10 Best Stocks to Buy for the Bull Market's Anniversary The trick is finding those stocks. Here are seven high-yield dividend stocks to buy with a payout of 5% or more that I believe can get the job done. BP (BP)The integrated oil and gas company has come a long way since the Deepwater Horizon oil spill in 2010. BP (NYSE:BP) currently yields 5.8%. It has paid a quarterly dividend for 32 consecutive quarters starting with a 42-cent payment in Q4 2010. For 15 quarters between Q3 2014 and Q1 2018, it paid a 60-cent quarterly dividend, opting to retain more of its cash flow. With the September 2018 payment, BP increased its quarterly dividend to $0.6150. In March 2017, I gave InvestorPlace readers five reasons to own BP stock. Included in the mix was the company's projection that its free cash flow would grow from $1.8 billion to $24 billion by 2021. That projection was based on a $55 barrel of oil. In fiscal 2018, BP finished the year with $7.8 billion in free cash flow. It now expects to generate between $14-15 billion in free cash flow by 2021, down from its earlier projections, but much higher than where it was in fiscal 2016. It expects to achieve its free cash flow projection for 2021 by adding approximately 900,000 barrels of oil equivalent per day with many of the 16 projects required to add this capacity already underway. I don't know if BP will hit its guidance. However, the 5.8% dividend yield will help you while wait to find out. Icahn Enterprises (IEP)Love him or hate him, Carl Icahn sure knows how to make money for his investors, and Icahn Enterprises (NYSE:IEP) is next on our list of high-yield dividend stocks. Year-to-date, IEP has a total return of 20%. Over the past 15 years, IEP's annualized total return was 14.8% with approximately 43% of those gains from dividends. Currently yielding 11.2%, IEP increased its quarterly distribution by 11.3% to $2 a share, payable in April.The last two fiscal years have been good for IEP shareholders. In 2018, Icahn Enterprises' indicative net asset value increased by 3.7% to $8.2 billion. That might seem like a lot but you do that consistently for a decade, and it will show up in the company's stock price. In 2018, Icahn's investment fund made 7.8% on the year, when most hedge funds lost money and the S&P 500 was also down. Although Icahn is in his 80s, he's still able to jump on the latest trends.In 2015, Icahn invested $100 million in Lyft. At the time it was said to be worth $2.5 billion. Today, as Lyft readies to go public, it's thought to be worth $15 billion, which means Icahn's investment's grown by 500% in a little over three years. * 15 Stocks Sitting on Huge Piles of Cash He might appear grumpy at times, but who cares when he delivers for shareholders. Brookfield Property Partners (BPY)Brookfield Property Partners (NASDAQ:BPY) invests in real estate. Whether we're talking office, retail, multi-family residential, self-storage, student housing, you name it, if there's money to be made, BPY is in the mix.If you follow what's going on at the White House, BPY acquired a 100% leasehold interest in 666 Fifth Avenue in New York in August 2018. The property, bought at the height of the real estate market, was Jared Kushner's money pit. He paid $1.8 billion for it. BPY took it off his hands for $1.3 billion. It plans to redevelop the building to bring up the rents and then hang on to it until the property is worth significantly more than the price Brookfield paid for it. Over the last five years, this high-yield dividend stock has completely reshaped its business, taking five publicly traded companies private, a move that kept a lid on its share price. As a result, the company's board's approved a $500 million substantial issuer bid to buy back its shares at prices between $19 and $21. Brookfield increased its quarterly distribution by 5% in Q4 2018 to $1.32 a share on an annual basis, a current yield of 6.7%. BPY is also affiliated with Brookfield Asset Management (NYSE:BAM), who owns 52% of the company. You could do a lot worse when it comes to high-yield dividend stocks. Cedar Fair (FUN)Who can resist a stock with the symbol FUN? Cedar Fair (NYSE:FUN) has been providing fun for kids and adults alike since 1870. It hasn't been a public company for 148 years, though. It went public in 1987. And a $10,000 investment in its IPO would be worth approximately $875,000 today. Its first park was in Sandusky, Ohio. Since then it's added ten additional amusement parks, two outdoor water parks, one indoor water park, and four hotels. The entire system welcomes close to 26 million guests each year generating more than $1.3 billion in annual revenue. The average guest spends almost $48 visiting one of its amusement parks spread across North America.Set up as a publicly traded partnership, Cedar Fair pays out most of its profits tax-free to its unitholders. Since going public, it's paid out more than $2.6 billion in distributions to unitholders. * 7 Retail Stocks Winning in 2019 and Beyond Cedar Fair might not grow revenues by double digits but its current yield of 7% more than makes up for its lack of growth, making it one of the best high-yield dividend stocks to buy. BCE (BCE)BCE (NYSE:BCE) could best be described as a Canadian version of AT&T (NYSE:T).Canada's largest communications company, BCE generates 53% of its annual revenue from its wireline business, which includes broadband, TV, and voice, 36% from wireless, and the remaining 11% from Bell Media. Its media business includes 30 TV stations, 30 specialty networks, four pay TV channels, 109 radio stations, and more than 200 websites. In 2018, it grew free cash flow by 4.4% to CAD$3.57 billion. In 2019, it expects to increase free cash flow by as much as 12%, which could take it over CAD$4 billion on the year. BCE aims to payout between 65%-75% of its free cash flow annually. In 2018, it paid out CAD$2.68 billion for dividends, 6.6% higher than a year earlier. It currently yields 5.3%, 140 basis points less than AT&T. However, its long-term debt is just CAD$19.8 billion, less than 10% of Randall Stephenson's baby.BCE continues to be a stock for widows and orphans -- in other words, one of the safest high-yield dividend stocks. Brookfield Renewable Partners (BEP)The second of two Brookfield picks, you might think I have a thing for the Brookfield group of companies; and, you'd be right. Brookfield Renewable Partners (NYSE:BEP) is the renewable energy arm of Brookfield Asset Management, who own 60% of the company. Of the seven high-yield dividend stocks on this list, BEP has the most risk and reward of the bunch. On February 8, the company announced its Q4 results. On the top line, it had $3.0 billion in revenue, 13.6% higher than a year earlier. On the bottom line, it had $403 million in net income, almost eight times higher than in 2017. On a cash flow basis, its funds from operations (FFO) increased by 16.4% to $676 million. So, where's the risk, you might be asking? Well, renewable energy projects aren't cheap. In 2018, Brookfield finished the year with $10.7 billion in corporate and non-recourse debt. That debt comes with $6.5 billion in interest payments over the life of the obligations, 61% of which is due within five years. * 7 Disruptive Tech ETFs to Buy That said, all Brookfield companies bring to the table a level of conservatism to their investment practices, ensuring that your 7% dividend is most certainly money in the bank. Ford (F)Ford (NYSE:F) is currently yielding 7%, a mouth-watering number for any dividend investor. However, as anyone who follows the car company, an investment in the Detroit-based business comes with more than its fair share of risk. One of the risks is the company's CEO, Jim Hackett. I'm sure he's a fine man, but I've said many times in the past that he's the wrong person for the job. In October, while suggesting that Ford stock had likely fallen as far as it possibly could and was worth a sniff by investors, I argued that someone along the lines of General Motors' (NYSE:GM) CEO Mary Barra is what is needed to revive Ford glory. Ford Executive Chairman Bill Ford feels I'm 100% wrong about Hackett."I think the ability to hold the now, the near and the far all together at one time is something you don't always see in executives. And Jim (Hackett) has that," Ford told Reuters on the sidelines of the CERAWeek energy conference in Houston. "We're changing a lot. And change is difficult."It sure is. That said, I do believe if you're going to buy a stock under $10, Ford is the one to buy because it's not going out of business anytime soon despite the lack of innovation. As of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Retail Stocks Winning in 2019 and Beyond * The 10 Best Stocks to Buy for the Bull Market's Anniversary Compare Brokers The post 7 Winning High-Yield Dividend Stocks With Payouts Over 5% appeared first on InvestorPlace.
GuruFocus.com•19 days agoCarl Icahn's Short Sales Pay Off With Gain in 2018
Carl Icahn (Trades, Portfolio)'s bets against the market and certain stocks paid off in the fourth quarter, overcoming declines in his long positions to deliver a 7.9% gain for his funds for 2018. Warning! GuruFocus has detected 1 Warning Sign with FNHC. The performance beat the past two years for Icahn Enterprises' Investment Funds, which rose 2.1% in 2017 and lost 20.3% in 2016.
- Thomson Reuters StreetEvents•21 days ago
Edited Transcript of IEP earnings conference call or presentation 28-Feb-19 3:00pm GMT
Q4 2018 Icahn Enterprises LP Earnings Call
- GuruFocus.com•25 days ago
Icahn Enterprises LP (IEP) Files 10-K for the Fiscal Year Ended on December 31, 2018
Icahn Enterprises LP (NASDAQ:IEP) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018.
Motley Fool•26 days agoIcahn Enterprises (IEP) Q4 2018 Earnings Conference Call Transcript
IEP earnings call for the period ending December 31, 2018.
- Business Wire•26 days ago
Icahn Automotive to Offer Scholarships for Future Automotive Technicians
Icahn Automotive Group LLC, an Icahn Enterprises L.P. company, which owns and operates leading auto repair and maintenance providers Pep Boys, AAMCO and Precision Tune Auto Care, will award scholarships for the 2019-2020 school year to qualified students studying to become professional automotive technicians. The scholarship program is part of Icahn Automotive’s recently announced Race to 2026 initiative that aims to increase the number of trained technicians and help fill an industry-wide talent gap projected to grow to 46,000 over the next seven years. “The Icahn Automotive scholarship program represents an additional level of investment in the future of our industry and the people that power it,” said Icahn Automotive CEO Dan Ninivaggi.
- GlobeNewswire•26 days ago
Icahn Enterprises L.P. Reports Fourth Quarter and Full Year 2018 Financial Results
Full year 2018 net income attributable to Icahn Enterprises of $1.5 billion, or $11.46 per depositary unit Board approves increase in quarterly distribution to $2.00 per.
- American City Business Journals•27 days ago
Icahn Enterprises Q4 earnings: 4 things to watch on Thursday
The New York company run by billionaire Carl Icahn announces its next round of earnings this Thursday, Feb. 28.
- Benzinga•27 days ago
Q4 Earnings Preview Icahn Enterprises
Icahn Enterprises (NASDAQ: IEP ) announces its next round of earnings this Thursday, Feb. 28. Here's Benzinga's advanced look at Icahn Enterprises's Q4 earnings report. Earnings and Revenue Icahn Enterprises ...
- GlobeNewswire•last month
Investor Expectations to Drive Momentum within Verastem, Molson Coors Brewing, SL Green Realty, UnitedHealth Group, TechTarget, and Icahn Enterprises — Discovering Underlying Factors of Influence
NEW YORK, Feb. 22, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
- GlobeNewswire•last month
Icahn Enterprises L.P. Announces Q4 and Full Year 2018 Earnings Conference Call
Icahn Enterprises L.P. (IEP) announced today that it will discuss its fourth quarter and full year 2018 results on a conference call and webcast on Thursday, February 28, 2019 - 10:00 a.m. Eastern Time. The webcast can be viewed live on Icahn Enterprises L.P.'s website at www.icahnenterprises.com. Icahn Enterprises L.P., a master limited partnership, is a diversified holding company engaged in eight primary business segments: Investment, Energy, Automotive, Food Packaging, Metals, Real Estate, Home Fashion and Mining.
GuruFocus.com•last monthCarl Icahn Puts Pressure on Caesars Entertainment
Carl Icahn (Trades, Portfolio), CEO of Icahn Enterprises LP (IEP), disclosed in a Schedule 13-D filing on Tuesday that he established a stake in Caesars Entertainment Corp. (CZR). Warning! GuruFocus has detected 3 Warning Signs with CZR.
- Business Wire•last month
Icahn Automotive Announces 'Race to 2026' Program to Address Service Technician Shortage Facing the Automotive Industry
Icahn Automotive Group LLC, an Icahn Enterprises L.P. company, which owns and operates leading auto repair and maintenance providers Pep Boys, AAMCO and Precision Tune Auto Care, today announced a new program designed to invest in and support promising future automotive technicians, as they make their way from the classroom to the service bay. Icahn Enterprises’ automotive business segment has long invested in companies with a vested interest in promoting the skilled trades and supporting the well-trained professionals who each day help keep millions of vehicles in safe, reliable condition.
- American City Business Journals•last month
Icahn is betting that a Caesars sale is best for shareholders
Caesars has received at least two approaches from potential buyers, according to The Wall Street Journal.
- The Wall Street Journal•last month
[$$] Carl Icahn to Push Casino Operator Caesars to Consider Selling Itself
Carl Icahn is placing his chips on a sale of Caesars Entertainment Corp. The billionaire shareholder activist owns roughly 10% of Caesars and plans to push the casino operator to consider selling itself after it received at least two approaches, according to people familiar with the matter. An Eldorado Resorts Inc. official in the past several months made a preliminary approach to Caesars about a deal but the talks didn’t go anywhere, the people said.
- The Wall Street Journal•last month
Carl Icahn to Push Casino Operator Caesars to Consider Selling Itself
Carl Icahn is placing his chips on a sale of Caesars Entertainment Corp. The billionaire shareholder activist owns roughly 10% of Caesars and plans to push the casino operator to consider selling itself after it received at least two approaches, according to people familiar with the matter. An Eldorado Resorts Inc. official in the past several months made a preliminary approach to Caesars about a deal but the talks didn’t go anywhere, the people said.
- MoneyShow•2 months ago
Refined Gains from an Income Energy Expert
One of the most profitable spaces to consider for yield and total return is in the companies that refine crude oil into gasoline, diesel fuel, jet fuel, heating oil, chemicals, lubricants and solvents among other petroleum-based products, suggests Bryan Perry, income expert and editor of Cash Machine.
- Business Wire•2 months ago
Icahn Automotive Completes Acquisition of RPM Automotive
Icahn Automotive Group LLC, which owns and operates leading auto repair and maintenance providers Pep Boys, AAMCO and Precision Tune Auto Care, announced today that it has completed its acquisition of RPM Automotive. For Icahn Automotive, the deal expands its presence in the Southeastern U.S., an important market for the Company, by 10 locations and more than 100 service bays. Headquartered in Jacksonville, Fla., RPM Automotive has built a reputation on its exceptional customer service and quality work on all makes and models, including luxury vehicles and large fleets.
- Business Wire•3 months ago
Icahn Automotive Announces Agreement to Acquire RPM Automotive
Icahn Automotive Group LLC, which owns and operates leading auto repair and maintenance providers Pep Boys, AAMCO and Precision Tune Auto Care, today announced that it has entered into a definitive agreement to acquire RPM Automotive. Headquartered in Jacksonville, Fla., RPM Automotive operates 10 locations with more than 100 service bays throughout the Northeastern part of the state. “The acquisition of RPM Automotive complements Icahn Automotive’s existing footprint in the region and will accelerate our growth in an important market for us.
Investopedia•3 months agoWarren Buffett Takes $1B Stake in Apple (AAPL, BRK.B)
- Insider Monkey•4 months ago
Icahn Enterprises LP (NASDAQ:IEP) Hedge Funds Are Snapping Up
At Insider Monkey, we pore over the filings of more than 700 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of September 30. In […]
- Reuters•4 months ago
Vale to buy mid-sized iron miner Ferrous Resources- filing
Brazilian miner Vale SA , the world's top nickel producer, is acquiring the control of Ferrous Resources Ltd., its controlling shareholder Icahn Enterprises LP said in a securities filing. Ferrous, which explores iron ore, will merge into a company controlled by Vale, the filing said, and will be valued at $550 million, including debt. Vale Chief Executive Officer Fabio Schvartsman had said during its last earnings call that the miner was looking for small high-return acquisitions with synergies with the miner's current assets.
- GlobeNewswire•4 months ago
Icahn Enterprises L.P. Announces Definitive Agreement to Sell Ferrous Resources Limited, At Enterprise Value of Approximately $550 Million
Icahn Enterprises L.P. (NASDAQ: IEP) ("Icahn Enterprises") announced that on December 4, 2018, its majority-owned subsidiary, of which we own 77%, Ferrous Resources Limited, Inc. (“Ferrous”), entered into a definitive agreement to merge with a wholly-owned subsidiary of Vale S.A., for total consideration of approximately $550 million (including indebtedness that will be repaid at closing). Icahn Enterprises first acquired an interest in Ferrous in 2012, and subsequently acquired its controlling interest in 2015. Even under challenging circumstances created by volatile commodity markets over the past several years, we deployed our activist modus operandi and guided the company through turbulent times. Given the company’s challenging cash-flow position just a few years ago, we believe today’s transaction represents a very positive outcome for IEP shareholders.
