Commonwealth Equity Services LLC Sells 97 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Commonwealth Equity Services LLC lowered its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 5.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,820 shares of the aerospace company’s stock after selling 97 shares during the period. Commonwealth Equity Services LLC’s holdings in Elbit Systems were worth $322,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ESLT. Blue Trust Inc. grew its position in shares of Elbit Systems by 368.6% during the 2nd quarter. Blue Trust Inc. now owns 164 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 129 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Elbit Systems by 56.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company’s stock valued at $49,000 after buying an additional 84 shares during the period. Janiczek Wealth Management LLC boosted its stake in Elbit Systems by 53.8% during the first quarter. Janiczek Wealth Management LLC now owns 409 shares of the aerospace company’s stock valued at $86,000 after buying an additional 143 shares during the period. Parallel Advisors LLC grew its position in Elbit Systems by 21.2% during the fourth quarter. Parallel Advisors LLC now owns 537 shares of the aerospace company’s stock worth $114,000 after buying an additional 94 shares in the last quarter. Finally, TIAA Trust National Association bought a new position in Elbit Systems in the 1st quarter worth about $201,000. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Trading Down 0.2 %

Shares of Elbit Systems stock opened at $191.84 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.13 and a quick ratio of 0.66. Elbit Systems Ltd. has a 1 year low of $175.30 and a 1 year high of $225.64. The firm has a market cap of $8.53 billion, a PE ratio of 37.76 and a beta of 0.54. The company has a 50 day simple moving average of $192.67 and a two-hundred day simple moving average of $194.56.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Wednesday, August 14th. The aerospace company reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.31. Elbit Systems had a net margin of 3.85% and a return on equity of 10.70%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the firm posted $1.57 EPS. Analysts expect that Elbit Systems Ltd. will post 7.8 earnings per share for the current fiscal year.

Elbit Systems Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Tuesday, October 15th. Elbit Systems’s dividend payout ratio (DPR) is currently 32.68%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th.

About Elbit Systems

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.