IEP - Icahn Enterprises L.P.
| Previous Close | 67.40 |
| Open | 68.20 |
| Bid | 68.00 x 900 |
| Ask | 71.00 x 900 |
| Day's Range | 68.01 - 69.47 |
| 52 Week Range | 50.33 - 79.65 |
| Volume | 122,461 |
| Avg. Volume | 81,342 |
| Market Cap | 13.81B |
| Beta (3Y Monthly) | 1.39 |
| PE Ratio (TTM) | 16.95 |
| EPS (TTM) | 4.04 |
| Earnings Date | Nov 6, 2019 - Nov 11, 2019 |
| Forward Dividend & Yield | 8.00 (11.50%) |
| Ex-Dividend Date | 2019-08-12 |
| 1y Target Est | 58.50 |
- Market Realist
Cloudera Gives Two Board Seats to Icahn in Settlement
Carl Icahn has agreed to limit his ownership of Cloudera stock to 20% and not nominate any directors for the 2020 annual meeting.
- MarketWatch
Cloudera agrees to add two representatives of Carl Icahn's investment vehicle to its board
Cloudera Inc. said Mnday it has reached a voting and standstill agreement with billionaire investor Carl Icahn, which will see it add two of his directors to its board. Ichan owns 50.3 million Cloudera shares, equal to about 18.4% of its outstanding stock. Cloudera has agreed to add Nicholas Graziano and Jesse Lynn, employees of Icahn's investing vehicle, Icahn Enterprises L.P., to its board with immediate effect. The cloud company will expand its board to 10 members, with the option to make it 11 to add a chief executive, as soon as it has found one. Cloudera shares have fallen 37% on the year following a disastrous revenue forecast in early June, the departure of its chief executive and deep downgrades from analysts. Icahn has agreed to limit his stake in the company to 20% and to abide by standstill agreements and voting commitments. Shares rose 2% premarket on the news.
- Thomson Reuters StreetEvents
Edited Transcript of IEP earnings conference call or presentation 6-Aug-19 2:00pm GMT
Q2 2019 Icahn Enterprises LP Earnings Call
- Motley Fool
This Billionaire Activist Just Loaded Up on Beaten-Down Cloudera
Carl Icahn likes the big-data software company after a huge decline in its stock.
- InvestorPlace
Cloudera News: CLDR Stock Pops on Icahn Stake
Cloudera news for Thursday concerning an investment from Icahn Enterprises (NASDAQ:IEP) has CLDR stock on the rise.Source: Shutterstock Cloudera (NYSE:CLDR) reveals in a filing with the U.S. Securities and Exchange Commission (SEC) that entities under Icahn Enterprises are buying up a large stake in the company.Here's a breakdown of the Cloudera news, including how those shares were purchased by Icahn Enterprises and the totals paid when taking into account for the forward contract cost.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * High River Limited Partnership -- This part of Icahn Enterprises bought 315,000 shares of CLDR stock on Tuesday for $6.45 each. It then bought 815,110 shares of the stock on Wednesday for $6.58 per share. * Icahn Partners LP -- The first purchase from this group was also on Tuesday and included 736,815 shares of CLDR stock for $6.45 each. The next acquisition was on Wednesday and it covers 1,906,619 shares at a price of $6.58 each. * Icahn Partners Master Fund LP -- This purchase also took place on Tuesday and includes 523,185 shares of CLDR stock at a price of $6.45 each. The following day another 1,353,820 shares were bought for $6.58 each. * 5 Cheap Stocks to Buy Now That the Fed Cut Rates Carl Icahn is moving toward take a large stake in Cloudera in an effort to gain control in the company. This includes pushing for the ability to takeover one of the positions on the Board of Directors. This would likely result in changes at the company as Icahn pushes for changes that would make this investment worthwhile.CLDR stock was up 4% as of Thursday afternoon, but is down 40% since the start of the year. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Internet Stocks Getting Hammered * 6 Big Growth ETFs to Buy For the Second Half of 2019 * 5 Cheap Stocks to Buy Now That the Fed Cut Rates As of this writing, William White did not hold a position in any of the aforementioned securities.The post Cloudera News: CLDR Stock Pops on Icahn Stake appeared first on InvestorPlace.
- InvestorPlace
7 Winning High-Yield Dividend Stocks With Payouts Over 5%
Editor's note: This story was previously published in May 2019. It has since been updated and republished.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. InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf 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. * 7 A-Rated Stocks Under $10 That 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 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 6.55%. It has paid a quarterly dividend for 34 consecutive quarters starting with a 42-cent payment in Q4 2010.Source: Shutterstock 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 and has continued that right into 2019. In the past I have given 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. 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.Source: Steve Pisano via FlickrOver the past 15 years, IEP's annualized total return was 14.8% with approximately 43% of those gains from dividends. Currently yielding just under 11%, IEP increased its quarterly distribution to $2 a share.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. * 10 Stocks to Buy on the Trade War Dip 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.Source: Shutterstock 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.AThe company offers a current yield of 6.9%. BPY is also affiliated with Brookfield Asset Management (NYSE:BAM), which 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. Source: Jeremy Thompson via Flickr (Modified)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. * 10 Cyclical Stocks to Buy (or Sell) Now 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.Cedar Fair might not grow its revenues by double digits but its current yield of 7.18% 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).Source: BCE, Inc. 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. BCE aims to pay out 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 5.18%, 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. Source: Shutterstock 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. * 10 Generation Z Stocks to Buy Long 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.That said, all Brookfield companies bring to the table a level of conservatism to their investment practices, ensuring that your 5.53% dividend is most certainly money in the bank. Ford (F)Ford (NYSE:F) is currently yielding 6.3%, 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.I argue 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 * 7 Cloud Stocks to Buy on Overcast Days * 6 Stable Stocks Worth Buying for Protection * 5 Active Vanguard Funds That You Have to Own The post 7 Winning High-Yield Dividend Stocks With Payouts Over 5% appeared first on InvestorPlace.
Motley FoolIcahn Enterprises L.P. (IEP) Q2 2019 Earnings Call Transcript
IEP earnings call for the period ending June 30, 2019.
- GlobeNewswire
Icahn Enterprises L.P. Reports Second Quarter 2019 Financial Results
Second quarter net loss attributable to Icahn Enterprises of $498 million, or a loss of $2.49 per depositary unitBoard approves quarterly distribution of $2.00 per depositary.
- Market Realist
Cloudera Stock Surges on News of Icahn’s Stake
Yesterday, Carl Icahn revealed his 12.6% stake in data analytics company Cloudera (CLDR), causing its shares to jump.
- GlobeNewswire
Icahn Enterprises L.P. Announces Quarterly Distribution
Icahn Enterprises L.P. (IEP) announced today that the Board of Directors of the general partner of Icahn Enterprises declared a quarterly distribution in the amount of $2.00 per depositary unit. The quarterly distribution is payable in either cash or additional depositary units, at the election of each depositary unit holder and will be paid on or about September 18, 2019 to depositary unit holders of record at the close of business on August 13, 2019.
- TheStreet.com
[video]Cloudera Stock Gains 4% After Activist CarI Icahn Reveals Big Stake in the Firm
Icahn discloses 12.6% stake in the data-analytics company, whose shares have shed some 70% since May 2017.
- GlobeNewswire
Icahn Enterprises L.P. Completes Sale of Ferrous Resources Limited
Icahn Enterprises L.P. (IEP) today announced that it has completed the previously announced sale of Ferrous Resources Limited to Vale S.A. for total consideration of approximately $550 million (including repaid indebtedness). This release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, many of which are beyond our ability to control or predict.
- American City Business Journals
Carl Icahn getting a little help in his fight with Occidental Petroleum
Shareholders services company and former Occidental CEO give Icahn a little boost in his tiff with the energy company.
- Moody's
Icahn Enterprises L.P. -- Moody's announces completion of a periodic review of ratings of Icahn Enterprises L.P.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Icahn Enterprises L.P. New York, July 25, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Icahn Enterprises L.P. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
- GlobeNewswire
Icahn Enterprises L.P. Announces Q2 2019 Earnings Conference Call
Icahn Enterprises L.P. (IEP) announced today that it will discuss its second quarter 2019 results on a conference call and webcast on Tuesday, August 6, 2019 - 10:00 a.m. Eastern Time. The webcast can be viewed live on Icahn Enterprises L.P.'s website at www.ielp.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.
- American City Business Journals
Carl Icahn feud with Occidental Petroleum heats up
Occidental Petroleum pens a letter to shareholders, asking them to ignore Icahn's request to add four board members.
- Reuters
UPDATE 1-Occidental slams Icahn board slate as lacking skills, expertise
Occidental Petroleum Corp on Monday sharply criticized activist investor Carl Icahn's efforts to oust and replace four of its directors, and attacked his slate of board nominees as inadequate for the job. Icahn, who owns 4.4% stake in the Houston-based oil and gas producer, launched a proxy fight last week, arguing that the company overpaid for Anadarko Petroleum and failed to give shareholders a say in the proposed $38 billion deal. The proxy fight is unlikely to stop the Anadarko deal, but would influence the pace and direction of billions of dollars of asset sales that will result after the acquisition closes.
- GuruFocus.com
Carl Icahn Drives Further Into Hertz Global Holdings
Activist investor increases interest in car rental company Continue reading...
- American City Business Journals
How Oxy might change under Icahn
The Icahn camp claims it wants to see Occidental as a seller or as a pure-play firm, but the path forward is still murky.
- Investopedia
Investors' Risk Soars Amid Rush To Junk Bonds In Quest For Yield
Investors' Risk Soars Amid Rush To Junk Bonds In Quest For Yield even as the stock market is near record highs.
- GlobeNewswire
Icahn Enterprises L.P. Announces Closing of $500 Million Senior Notes Offering
Icahn Enterprises L.P. (IEP) – Icahn Enterprises L.P. (“Icahn Enterprises”) announced today that it, together with Icahn Enterprises Finance Corp. (together with Icahn Enterprises, the “Issuers”), consummated their tack-on offering of an additional $500,000,000 aggregate principal amount of 6.250% Senior Notes due 2026 (the “Notes”) in a private placement not registered under the Securities Act of 1933, as amended (the “Securities Act”) (such offering, the “Notes Offering”).
- Business Wire
Icahn Automotive Celebrates Final 2019 Technical School Partnership at Orlando Universal Technical Institute
Icahn Automotive Group LLC, an Icahn Enterprises L.P. company, which owns and operates leading national auto repair and maintenance providers Pep Boys, AAMCO, Precision Tune Auto Care centers, and Jacksonville-area service provider RPM Automotive, today announced the addition of Universal Technical Institute’s (UTI) Orlando campus to its Race to 2026 efforts, concluding the program’s technical school efforts for 2019. In total, Icahn Automotive has partnered with six Universal Technical Institute and Lincoln Tech locations to reach students enrolled in automotive technology programs across the U.S.
- Moody's
Eagle II Acquisition Company LLC -- Moody's places Eldorado Resorts' ratings including B1 CFR on review for downgrade
Moody's Investors Service ("Moody's") today placed Eldorado Resorts, Inc. (ERI) ratings on review for downgrade in response to the company's announcement that it entered into a merger agreement with Caesars Entertainment Corporation (CEC) for total consideration of $17.3 billion.
- Moody's
CVR Refining, LLC -- Moody's affirms CVR Refining's notes at B1 with stable outlook
Moody's Investors Service, ("Moody's") affirmed CVR Refining, LLC's (CVR) Ba3 Corporate Family Rating (CFR), Ba3-PD probability of default rating and the B1 rating on its senior unsecured guaranteed notes. The Speculative Grade Liquidity Rating was upgraded to SGL-1 from SGL-2. "The affirmation of CVR's Ba3 Corporate Family Rating reflects its strong management, good operating results and a track record of varying distributions with cash flow," said Elena Nadtotchi, Moody's Senior Credit Officer.
