Elbit Systems Ltd. (NASDAQ:ESLT) Shares Purchased by Swiss National Bank

Swiss National Bank raised its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,626 shares of the aerospace company’s stock after buying an additional 368 shares during the period. Swiss National Bank owned approximately 0.18% of Elbit Systems worth $15,896,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Mackenzie Financial Corp increased its stake in Elbit Systems by 4.0% during the 2nd quarter. Mackenzie Financial Corp now owns 1,452 shares of the aerospace company’s stock valued at $253,000 after buying an additional 56 shares during the period. First Trust Direct Indexing L.P. grew its stake in shares of Elbit Systems by 2.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,987 shares of the aerospace company’s stock worth $598,000 after purchasing an additional 72 shares during the last quarter. TD Asset Management Inc grew its stake in shares of Elbit Systems by 0.8% in the 2nd quarter. TD Asset Management Inc now owns 8,839 shares of the aerospace company’s stock worth $1,545,000 after purchasing an additional 73 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Elbit Systems by 56.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 84 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Elbit Systems by 8.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,421 shares of the aerospace company’s stock worth $284,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Analyst Ratings Changes

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

Elbit Systems Stock Performance

Shares of ESLT opened at $250.11 on Friday. The firm’s 50 day moving average is $216.10 and its 200-day moving average is $199.64. The stock has a market capitalization of $11.12 billion, a P/E ratio of 42.75 and a beta of 0.51. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.13 and a quick ratio of 0.63. Elbit Systems Ltd. has a 12-month low of $175.30 and a 12-month high of $252.50.

Elbit Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.80%. This is a boost from Elbit Systems’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, December 23rd. Elbit Systems’s dividend payout ratio (DPR) is presently 28.38%.

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.