Deutsche Bank AG Sells 13,359 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Deutsche Bank AG lowered its stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 15.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,624 shares of the aerospace company's stock after selling 13,359 shares during the quarter. Deutsche Bank AG owned 0.16% of Elbit Systems worth $18,742,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ESLT. Vanguard Group Inc. increased its stake in Elbit Systems by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 874,352 shares of the aerospace company's stock valued at $229,268,000 after purchasing an additional 10,215 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Elbit Systems by 44.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,140 shares of the aerospace company's stock valued at $810,000 after buying an additional 961 shares in the last quarter. Raymond James Financial Inc. bought a new position in Elbit Systems in the fourth quarter worth approximately $1,999,000. Bank of New York Mellon Corp grew its stake in Elbit Systems by 5.3% in the fourth quarter. Bank of New York Mellon Corp now owns 45,789 shares of the aerospace company's stock valued at $11,817,000 after acquiring an additional 2,317 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Elbit Systems by 13.1% during the fourth quarter. Invesco Ltd. now owns 338,256 shares of the aerospace company's stock valued at $87,294,000 after acquiring an additional 39,095 shares in the last quarter. Institutional investors and hedge funds own 17.88% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Elbit Systems from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th.

Elbit Systems Stock Down 0.9%

Elbit Systems stock opened at $377.97 on Thursday. The firm has a market capitalization of $16.80 billion, a price-to-earnings ratio of 64.61 and a beta of 0.31. The firm's fifty day moving average price is $389.70 and its two-hundred day moving average price is $313.46. Elbit Systems Ltd. has a 1-year low of $175.30 and a 1-year high of $426.40. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.71. The business had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.78 billion. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. On average, equities research analysts predict that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Tuesday, April 22nd were given a dividend of $0.60 per share. This is a boost from Elbit Systems's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, April 22nd. This represents a $2.40 annualized dividend and a dividend yield of 0.63%. Elbit Systems's payout ratio is presently 27.72%.

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.

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