Wealth Enhancement Advisory Services LLC Has $17.50 Million Stock Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Wealth Enhancement Advisory Services LLC lessened its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 14.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 45,608 shares of the aerospace company's stock after selling 7,991 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.10% of Elbit Systems worth $17,499,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ESLT. Hurley Capital LLC acquired a new stake in shares of Elbit Systems in the fourth quarter valued at $26,000. Prestige Wealth Management Group LLC lifted its holdings in shares of Elbit Systems by 150.0% in the fourth quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock valued at $32,000 after buying an additional 75 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Elbit Systems by 196.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock valued at $41,000 after buying an additional 106 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Elbit Systems in the fourth quarter valued at $73,000. Finally, Simon Quick Advisors LLC acquired a new stake in shares of Elbit Systems in the first quarter valued at $225,000. Institutional investors and hedge funds own 17.88% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Elbit Systems from a "buy" rating to a "strong-buy" rating in a report on Sunday.

Elbit Systems Trading Up 0.2%

Shares of NASDAQ ESLT traded up $1.09 during mid-day trading on Monday, hitting $439.56. 125,197 shares of the company traded hands, compared to its average volume of 60,077. Elbit Systems Ltd. has a 1 year low of $175.30 and a 1 year high of $476.04. The stock has a market capitalization of $19.54 billion, a price-to-earnings ratio of 55.78 and a beta of 0.31. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average of $406.55 and a two-hundred day moving average of $348.80.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last announced its earnings results on Tuesday, May 20th. The aerospace company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.30 by $0.27. Elbit Systems had a return on equity of 13.49% and a net margin of 4.95%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the prior year, the business posted $1.81 earnings per share. On average, sell-side analysts anticipate that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Tuesday, June 24th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Tuesday, June 24th. Elbit Systems's dividend payout ratio is 25.38%.

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.