Wealth Enhancement Advisory Services LLC Sells 7,991 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Wealth Enhancement Advisory Services LLC lessened its position in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 14.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,608 shares of the aerospace company's stock after selling 7,991 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.10% of Elbit Systems worth $17,499,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hurley Capital LLC bought a new stake in shares of Elbit Systems during the fourth quarter worth $26,000. Prestige Wealth Management Group LLC increased its stake in Elbit Systems by 150.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock worth $32,000 after buying an additional 75 shares during the period. Smartleaf Asset Management LLC increased its stake in Elbit Systems by 196.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock worth $41,000 after buying an additional 106 shares during the period. Tower Research Capital LLC TRC bought a new stake in Elbit Systems during the 4th quarter valued at about $73,000. Finally, Squarepoint Ops LLC lifted its holdings in Elbit Systems by 105.8% during the 4th quarter. Squarepoint Ops LLC now owns 809 shares of the aerospace company's stock valued at $209,000 after buying an additional 14,796 shares in the last quarter. 17.88% of the stock is owned by hedge funds and other institutional investors.

Elbit Systems Trading Up 0.0%

Shares of NASDAQ ESLT traded up $0.12 during trading hours on Thursday, reaching $431.73. The stock had a trading volume of 198,377 shares, compared to its average volume of 62,323. Elbit Systems Ltd. has a 52-week low of $175.30 and a 52-week high of $476.04. The firm has a market cap of $19.19 billion, a price-to-earnings ratio of 54.79 and a beta of 0.31. The business's fifty day moving average price is $407.95 and its two-hundred day moving average price is $351.18. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last issued its earnings results on Tuesday, May 20th. The aerospace company reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.69 billion. During the same period in the previous year, the company posted $1.81 EPS. Analysts expect that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders 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 yield of 0.56%. The ex-dividend date of this dividend is Tuesday, June 24th. Elbit Systems's payout ratio is 25.38%.

Analysts Set New Price Targets

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

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.