Carl Icahn (Trades, Portfolio), whose net worth is estimated by Bloomberg to be $20.8 billion, focused most of his fourth-quarter trading activity on additions to existing stakes. He didn’t limit himself to additions, however. He also made two new buys and trimmed three existing stakes.
Icahn’s most noteworthy fourth-quarter transaction was the increase of more than 3,003% to his stake in American International Group Inc. (AIG, Financial), a New York-based insurance and financial services company. Icahn purchased 40,882,745 shares for an average price of $61.09 per share. The deal had an 8.6% impact on Icahn’s portfolio.
The stake, now 42,244,071 shares, is 3.68% of the company’s outstanding shares and 8.89% of Icahn’s total assets. Icahn is American International Group’s leading shareholder among the gurus.
American International Group has a P/E of 37.6, a forward P/E of 9.2, a P/B of 0.7 and a P/S of 1.2. GuruFocus gives American International Group a Financial Strength rating of 6/10 and a Profitability and Growth rating of 4/10.
American International Group sold for $53.7 per share Friday afternoon.
Icahn raised his stake in Hertz Global Holdings Inc. (HTZ, Financial), the Estero, Florida-based owner of the Hertz rental car company, by nearly 23%. Icahn acquired 11,786,678 shares for an average price of $16.69 per share. The transaction had a 0.57% impact on Icahn’s portfolio.
The stake, now 63,709,083 shares, is 15.03% of the company’s outstanding shares and 3.08% of Icahn’s total assets. Icahn is Hertz Global Holdings’ leading shareholder among the gurus.
Hertz Global Holdings has a P/E of 18.5, a forward P/E of 8.6, a P/B of 2.4 and a P/S of 0.5. GuruFocus gives Hertz Global Holdings a Financial Strength rating of 6/10 and a Profitability and Growth rating of 4/10.
Hertz Global Holdings sold for $11.35 per share Friday afternoon.
Icahn boosted his stake in Icahn Enterprises LP (IEP, Financial), a New York-based conglomerate with investments in auto parts, energy, metals, rail cars, casinos, food packaging, real estate and home fashion, by more than 2%. Icahn bought 2,482,436 shares for an average price of $72.41 per share. The deal had a 0.52% impact on Icahn’s portfolio.
The stake, now 117,033,818 shares, is 90.76% of the conglomerate’s outstanding shares and 24.37% of Icahn’s total assets. Icahn is its leading shareholder among the gurus.
Icahn Enterprises has a forward P/E of 12.6, a P/B of 2.1 and a P/S of 0.5. GuruFocus gives Icahn Enterprises a Financial Strength rating of 3/10 and a Profitability and Growth rating of 6/10.
Icahn Enterprises sold for $65.3 per share Friday afternoon.
Icahn hiked his stake in Cheniere Energy Inc. (LNG, Financial), a Houston-based energy company primarily involved in liquefied natural gas-related businesses, by more than 14%. Icahn purchased 4,134,249 shares for an average price of $45.44 per share. The transaction had a 0.52% impact on Icahn’s portfolio.
The stake, now 32,680,490 shares, is 13.87% of Cheniere Energy’s outstanding shares and 4.14% of Icahn’s total assets.
Cheniere Energy has a P/S of 30.3. GuruFocus gives Cheniere Energy a Financial Strength rating of 5/10 and a Profitability and Growth rating of 1/10.
Cheniere Energy sold for $36.05 per share Friday afternoon.
Icahn raised his stake in Freeport-McMoRan Inc. (FCX, Financial), a Phoenix-based metals and mining company, by 4%. Icahn acquired 4 million shares for an average price of $9.47 per share. The deal had a 0.09% impact on Icahn’s portfolio.
The stake, now 104 million shares, is 8.31% of Freeport-McMoRan’s outstanding shares and 2.39% of Icahn’s total assets. Icahn is Freeport-McMoRan’s leading shareholder among the gurus.
Freeport McMoRan has a forward P/E of 17.9, a P/B of 1.7 and a P/S of 0.7. GuruFocus gives Freeport McMoRan a Financial Strength rating of 5/10 and a Profitability and Growth rating of 4/10.
Freeport McMoRan sold for $10.72 per share Friday afternoon.
Icahn invested in an 86,436,172-share stake in Xerox Corp. (XRX, Financial), a Norwalk, Connecticut-based provider of business services and document technology products, for an average price of $10.22 per share. The acquisition had a 3.12% impact on Icahn’s portfolio.
The stake is 8.53% of Xerox’s outstanding shares and 3.12% of Icahn’s total assets. Icahn is Xerox’s leading shareholder among the gurus.
Xerox has a P/E of 24.9, a forward P/E of 9.6, a P/B of 1.2 and a P/S of 0.6. GuruFocus gives Xerox a Financial Strength rating of 5/10 and a Profitability and Growth rating of 6/10.
Xerox sold for $10.73 per share Friday afternoon.
Icahn acquired a 6,558,083-share stake in Pep Boys - Manny Moe & Jack (PBY, Financial), a Philadelphia-based specialty retail and automotive repair and tires company, for an average price of $15.02 per share. The transaction had a 0.41% impact on Icahn’s portfolio.
Icahn’s stake in Pep Boys at the end of the fourth quarter was 12.11% of Pep Boys’ outstanding shares and 0.41% of Icahn’s total assets. Mario Gabelli (Trades, Portfolio) was Pep Boys’ leading shareholder among the gurus at the end of the quarter with a stake of 6,682,011 shares. The stake was 12.34% of Pep Boys’ outstanding shares and 0.8% of Gabelli’s total assets.
Pep Boys has a forward P/E of 52.9, a P/B of 1.8 and a P/S of 0.5. GuruFocus gives Pep Boys a Financial Strength rating of 6/10 and a Profitability and Growth rating of 5/10.
Pep Boys sold for $18.5 per share Friday afternoon.
Icahn trimmed his stake in Apple Inc. (AAPL, Financial), a Cupertino, California-based consumer electronics company, by more than 13%. Icahn sold 7 million shares for an average price of $114.33 per share. The deal had a -2.77% impact on his portfolio.
The remaining stake of 45,760,848 shares is 0.83% of Apple’s outstanding shares and 16.36% of Icahn’s total assets. Icahn is Apple’s leading shareholder among the gurus.
Apple has a P/E of 11.2, a forward P/E of 10.4, a P/B of 4.6 and a P/S of 2.6. GuruFocus gives Apple a Financial Strength rating of 6/10 and a Profitability and Growth rating of 9/10.
Apple sold for $105.88 per share Friday afternoon.
Icahn cut his stake in Tegna Inc. (TGNA, Financial), a broadcast and digital media company based in McLean, Virginia, by nearly 15%. Icahn sold 2,195,508 shares for an average price of $26.5 per share. The transaction had a -0.25% impact on Icahn’s portfolio.
The remaining stake of 12,771,865 shares is 5.81% of Tegna’s outstanding shares and 1.11% of Icahn’s total assets. Icahn is Tegna’s leading shareholder among the gurus.
Tegna has a P/E of 12.1, a forward P/E of 12, a P/B of 2.4 and a P/S of 1.8. GuruFocus gives Tegna a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
Tegna sold for $24.18 per share Friday afternoon.
Icahn reduced his stake in Gannett Co. Inc. (GCI, Financial), a print media company based in Tysons Corner, Virginia, by more than 13%. Icahn sold 981,109 shares for an average price of $16.25 per share. The deal had a -0.05% impact on Icahn’s portfolio.
The remaining stake of 6,502,574 shares is 5.6% of Gannett’s outstanding shares and 0.36% of Icahn’s total assets. Icahn is Gannett’s leading shareholder among the gurus.
Gannett has a P/E of 15.7, a forward P/E of 8.9, a P/B of 1.7 and a P/S of 0.6. GuruFocus gives Gannett a Financial Strength rating of 7/10 and a Profitability and Growth rating of 4/10.
Gannett sold for $15.07 per share Friday afternoon.
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