Geode Capital Management LLC Grows Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

Geode Capital Management LLC increased its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 0.5% in the third quarter, Holdings Channel reports. The institutional investor owned 38,426 shares of the aerospace company’s stock after acquiring an additional 175 shares during the quarter. Geode Capital Management LLC’s holdings in Elbit Systems were worth $7,689,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd grew its holdings in Elbit Systems by 2.0% during the 2nd quarter. Altshuler Shaham Ltd now owns 912,307 shares of the aerospace company’s stock worth $161,177,000 after acquiring an additional 18,014 shares in the last quarter. Y.D. More Investments Ltd grew its stake in Elbit Systems by 32,724.6% in the second quarter. Y.D. More Investments Ltd now owns 403,742 shares of the aerospace company’s stock worth $71,329,000 after purchasing an additional 402,512 shares in the last quarter. Meitav Investment House Ltd. increased its holdings 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 valued at $67,264,000 after buying an additional 98,440 shares during the last quarter. Heard Capital LLC increased its holdings in Elbit Systems by 4.8% in the third quarter. Heard Capital LLC now owns 218,392 shares of the aerospace company’s stock valued at $43,700,000 after buying an additional 10,070 shares during the last quarter. Finally, Swiss National Bank raised its stake in Elbit Systems by 0.5% during the third quarter. Swiss National Bank now owns 79,626 shares of the aerospace company’s stock valued at $15,896,000 after buying an additional 368 shares in the last quarter. 17.88% of the stock is owned by institutional investors and hedge funds.

Elbit Systems Stock Performance

Elbit Systems stock opened at $262.38 on Friday. The company has a market cap of $11.66 billion, a PE ratio of 44.85 and a beta of 0.52. Elbit Systems Ltd. has a 12 month low of $175.30 and a 12 month high of $266.35. The company has a fifty day moving average price of $245.99 and a two-hundred day moving average price of $211.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64.

Elbit Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Monday, December 23rd. This is an increase from Elbit Systems’s previous quarterly dividend of $0.42. Elbit Systems’s dividend payout ratio is currently 28.38%.

Analysts Set New Price Targets

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

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.