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

Wealth Enhancement Advisory Services LLC cut its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,340 shares of the aerospace company’s stock after selling 631 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.12% of Elbit Systems worth $13,765,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Coastline Trust Co purchased a new position in Elbit Systems in the third quarter worth $34,000. Point72 DIFC Ltd purchased a new stake in Elbit Systems during the second quarter valued at about $35,000. Morse Asset Management Inc purchased a new stake in Elbit Systems during the third quarter valued at about $40,000. Wilmington Savings Fund Society FSB purchased a new stake in Elbit Systems during the third quarter valued at about $63,000. Finally, Avior Wealth Management LLC boosted its position in Elbit Systems by 49.1% during the third quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company’s stock valued at $96,000 after buying an additional 158 shares during the period. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Elbit Systems Stock Performance

NASDAQ ESLT opened at $280.72 on Monday. 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 quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. Elbit Systems Ltd. has a 12-month low of $175.30 and a 12-month high of $286.55. The firm has a market cap of $12.48 billion, a price-to-earnings ratio of 47.99 and a beta of 0.52.

Elbit Systems Increases Dividend

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

Analyst Ratings Changes

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

Elbit Systems Company 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.