Wealth Enhancement Advisory Services LLC Reduces Stock Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Wealth Enhancement Advisory Services LLC reduced its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,340 shares of the aerospace company’s stock after selling 631 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Elbit Systems were worth $13,765,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ESLT. Altshuler Shaham Ltd raised its stake in Elbit Systems by 2.0% in the second quarter. Altshuler Shaham Ltd now owns 912,307 shares of the aerospace company’s stock worth $161,177,000 after buying an additional 18,014 shares in the last quarter. Meitav Investment House Ltd. raised its stake in Elbit Systems by 41.3% in the third quarter. Meitav Investment House Ltd. now owns 336,836 shares of the aerospace company’s stock worth $67,264,000 after buying an additional 98,440 shares in the last quarter. Heard Capital LLC raised its stake in Elbit Systems by 4.8% in the third quarter. Heard Capital LLC now owns 218,392 shares of the aerospace company’s stock worth $43,700,000 after buying an additional 10,070 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Elbit Systems by 12.2% in the third quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company’s stock worth $34,158,000 after buying an additional 18,614 shares in the last quarter. Finally, Swiss National Bank raised its stake in Elbit Systems by 0.5% in the third quarter. Swiss National Bank now owns 79,626 shares of the aerospace company’s stock worth $15,896,000 after buying an additional 368 shares in the last quarter. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

Elbit Systems Price Performance

Shares of NASDAQ ESLT opened at $280.72 on Monday. Elbit Systems Ltd. has a fifty-two week low of $175.30 and a fifty-two week high of $286.55. The company has a 50 day simple moving average of $251.39 and a two-hundred day simple moving average of $215.99. The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 47.99 and a beta of 0.52. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15.

Elbit Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.50 per share. This is an increase from Elbit Systems’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.71%. Elbit Systems’s dividend payout ratio (DPR) is currently 28.38%.

Elbit Systems Profile

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.