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9/09/2013

5 Latest Dividend Stock Purchases From Carl Icahn And His Full Portfolio

Carl Icahn’s asset allocation strategy orignially published at long-term-investments.blogspot.com. Some of you might have heard about Carl Icahn, the Jewish investor. Icahn manages around $21.5 billion in his asset management vehicle Ichan Capital Management.

Within the past, Icahn had proved a very good taste in investing. With only 19 shares, he is also a much undiversified guy and focused on stocks he really knows. In the past I’ve described his latest Q1 stock purchases.

Today, I would like to show you the latest stock moves from Carl Icahn of the second quarter. 

In Q2, Carl hit the button for 16 trades and purchased only seven stocks of which one was a completely new stake in his portfolio. Five of his stock acquisitions pay dividends. You can find a detailed list about these stocks below. The biggest moves were reasonable to Dell, CVR Refining as well as Nuance Communications.

Icahn loves cheap stocks and he is also a noisy guy like most of the activists. The average forward P/E of his latest acquisitions is only at 13.83 and earnings are expected to grow by 10.32 percent for the next five years.

Here are the top dividend stock buys:
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CVR Refining (NYSE:CVRR) has a market capitalization of $4.00 billion. The company employs 832 people, generates revenue of $8.281 billion and has a net income of $595.29 million. CVR Refining’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $1.101 billion. The EBITDA margin is 13.30 percent (the operating margin is 11.55 percent and the net profit margin 7.19 percent).

Financial Analysis: The total debt represents 34.23 percent of CVR Refining’s assets and the total debt in relation to the equity amounts to 78.83 percent. Due to the financial situation, a return on equity of 116.88 percent was realized by CVR Refining. CVR started to pay dividends this year, $1.58 on May 8 and $1.35 on August 05, 2013. Icahn increased the stake by 50%.



Long-Term Stock Price Chart Of CVR Refining (CVRR)
Long-Term Dividend Payment History of CVR Refining (CVRR)
Long-Term Dividend Yield History of CVR Refining (CVRR)

Icahn Enterprises (NASDAQ:IEP) has a market capitalization of $8.51 billion. The company employs 45,000 people, generates revenue of $15.654 billion and has a net income of $727.00 million. Icahn Enterprises’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $1.882 billion. The EBITDA margin is 12.02 percent (the operating margin is 4.13 percent and the net profit margin 4.64 percent).

Financial Analysis: The total debt represents 34.81 percent of Icahn Enterprises’s assets and the total debt in relation to the equity amounts to 183.08 percent. Due to the financial situation, a return on equity of 8.48 percent was realized by Icahn Enterprises. Twelve trailing months earnings per share reached a value of $3.90. Last fiscal year, Icahn Enterprises paid $0.40 in the form of dividends to shareholders. Icahn increased the stake by 1.48%.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 19.41, the P/S ratio is 0.54 and the P/B ratio is finally 1.62. The dividend yield amounts to 6.61 percent and the beta ratio has a value of 0.85.


Long-Term Stock Price Chart Of Icahn Enterprises (IEP)
Long-Term Dividend Payment History of Icahn Enterprises (IEP)
Long-Term Dividend Yield History of Icahn Enterprises (IEP)

Transocean (NYSE:RIG) has a market capitalization of $16.75 billion. The company employs 18,400 people, generates revenue of $9.196 billion and has a net income of $816.00 million. Transocean’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $3.592 billion. The EBITDA margin is 39.06 percent (the operating margin is 17.21 percent and the net profit margin 8.87 percent).

Financial Analysis: The total debt represents 36.37 percent of Transocean’s assets and the total debt in relation to the equity amounts to 79.13 percent. Due to the financial situation, a return on equity of 5.15 percent was realized by Transocean. Twelve trailing months earnings per share reached a value of $4.58. Last fiscal year, Transocean paid no dividends to shareholders. Icahn increased the stake by 6.57%.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 10.14, the P/S ratio is 1.82 and the P/B ratio is finally 1.06. The dividend yield amounts to 4.82 percent and the beta ratio has a value of 1.24.


Long-Term Stock Price Chart Of Transocean (RIG)
Long-Term Dividend Payment History of Transocean (RIG)
Long-Term Dividend Yield History of Transocean (RIG)

Dell (NASDAQ:DELL) has a market capitalization of $24.34 billion. The company employs 108,800 people, generates revenue of $56.940 billion and has a net income of $2.372 billion. Dell’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $4.504 billion. The EBITDA margin is 7.91 percent (the operating margin is 5.29 percent and the net profit margin 4.17 percent).

Financial Analysis: The total debt represents 19.11 percent of Dell’s assets and the total debt in relation to the equity amounts to 85.07 percent. Due to the financial situation, a return on equity of 24.21 percent was realized by Dell. Twelve trailing months earnings per share reached a value of $0.76. Last fiscal year, Dell paid $0.16 in the form of dividends to shareholders. Icahn increased the stake by 2.078% compared to Q1.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 18.16, the P/S ratio is 0.43 and the P/B ratio is finally 2.25. The dividend yield amounts to 2.31 percent and the beta ratio has a value of 1.35.


Long-Term Stock Price Chart Of Dell (DELL)
Long-Term Dividend Payment History of Dell (DELL)
Long-Term Dividend Yield History of Dell (DELL)

Herbalife (NYSE:HLF) has a market capitalization of $6.56 billion. The company employs 6,200 people, generates revenue of $4.072 billion and has a net income of $477.19 million. Herbalife’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $735.83 million. The EBITDA margin is 18.07 percent (the operating margin is 16.24 percent and the net profit margin 11.72 percent).

Financial Analysis: The total debt represents 28.62 percent of Herbalife’s assets and the total debt in relation to the equity amounts to 115.89 percent. Due to the financial situation, a return on equity of 97.29 percent was realized by Herbalife. Twelve trailing months earnings per share reached a value of $4.54. Last fiscal year, Herbalife paid $1.20 in the form of dividends to shareholders. Icahn increased the stake by 3.74%.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 14.06, the P/S ratio is 1.61 and the P/B ratio is finally 16.20. The dividend yield amounts to 1.88 percent and the beta ratio has a value of 1.95.


Long-Term Stock Price Chart Of Herbalife (HLF)
Long-Term Dividend Payment History of Herbalife (HLF)
Long-Term Dividend Yield History of Herbalife (HLF)


Take a closer look at the full list of Carl Icahn's latest stock purchases. The average P/E ratio amounts to 13.66 and forward P/E ratio is 13.83. The dividend yield has a value of 5.08 percent. Price to book ratio is 4.10 and price to sales ratio 1.18. The operating margin amounts to 10.23 percent and the beta ratio is 1.38. Stocks from the list have an average debt to equity ratio of 1.05.

These are Carl Ichan's latest stock purchases from Q2/213:

Ticker
Company
Date 
Impact 
Comment
CVRR
CVR Refining LP
May-13
17.76%
Add 1646.51%
DELL
Dell Inc
Jun-13
9.06%
Add 2078.27%
DELL
Dell Inc
May-13
8.33%
New holding, 80468322 sh.
DELL
Dell Inc
Jun-13
5.72%
Add 89.49%
NUAN
Nuance Communication...
Jun-13
2.37%
Add 727.59%
NUAN
Nuance Communication...
Aug-13
1.92%
Add 50.27%
NUAN
Nuance Communication...
Apr-13
0.68%
Add 15.58%
IEP
Icahn Enterprises LP
Jun-13
0.49%
Add 1.48%
CVRR
CVR Refining LP
May-13
0.36%
Add 50%
DELL
Dell Inc
Aug-13
0.32%
Add 2.62%
RIG
Transocean Ltd
Jun-13
0.30%
Add 6.57%
CVRR
CVR Refining LP
Jun-13
0.28%
Add 50%
HLF
Herbalife, Ltd.
May-13
0.20%
Add 3.74%
NAV
Navistar Internation...
Jul-13
0.16%
Add 6.55%
NUAN
Nuance Communication...
Aug-13
0.13%
Add 2.94%
HLF
Herbalife, Ltd.
Jun-13
0.13%
Add 3.74%

Here is the full table with some fundamentals (TTM):

Carl Ichan's Latest Stock Purchases (Click to enlarge)

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Here is Carl Ichan's latest stock portfolio:

Ticker
Company
Value ($1000)
% Weighting as of
2013-06-30 
IEP
Icahn Enterprises LP
7,219,790
33.60%
CVI
CVR Energy, Inc.
3,374,820
15.70%
DELL
Dell Inc
2,035,590
9.50%
FRX
Forest Laboratories, Inc.
1,257,140
5.80%
CHK
Chesapeake Energy Corp
1,216,660
5.70%
NFLX
Netflix, Inc.
1,169,660
5.40%
RIG
Transocean Ltd
1,029,860
4.80%
HLF
Herbalife, Ltd.
765,867
3.60%
FDML
Federal-Mogul Corp
783,085
3.60%
NUAN
Nuance Communications, Inc.
579,845
2.70%
HAIN
Hain Celestial Group, Inc.
470,380
2.20%
ARII
American Railcar Industries, Inc.
397,806
1.80%
MENT
Mentor Graphics Corporation
315,151
1.50%
NAV
Navistar International Corp
328,822
1.50%
WBMD
WebMD Health Corporation
196,795
0.91%
TTWO
Take-Two Interactive Software
179,950
0.84%
CVRR
CVR Refining LP
180,360
0.84%
ENZN
Enzon Pharmaceuticals, Inc.
11,810
0.06%
VLTC
Voltari Corp
2,421
0.01%


Related Stock Ticker Symbols:
CVRR, IEP, RIG, DELL, HLF, NAV, NUAN

Selected Articles:

*I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I receive no compensation to write about any specific stock, sector or theme.


1 comment:

  1. Why, oh why do you care if Carl is Jewish, Methodist or Muslim? Please, already, let's not bring religion or creed into the discussion of investments.

    ReplyDelete

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