Wealth Enhancement Advisory Services LLC Has $15.64 Million Stock Holdings in Elbit Systems Ltd. $ESLT

Wealth Enhancement Advisory Services LLC trimmed its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 24.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 24,435 shares of the aerospace company’s stock after selling 7,864 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Elbit Systems were worth $15,639,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SteelPeak Wealth LLC increased its position in Elbit Systems by 1.1% during the 3rd quarter. SteelPeak Wealth LLC now owns 1,864 shares of the aerospace company’s stock valued at $950,000 after purchasing an additional 21 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Elbit Systems by 2.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,193 shares of the aerospace company’s stock worth $608,000 after purchasing an additional 29 shares during the period. West Family Investments Inc. lifted its position in shares of Elbit Systems by 2.9% in the 3rd quarter. West Family Investments Inc. now owns 1,136 shares of the aerospace company’s stock worth $579,000 after purchasing an additional 32 shares during the period. SBI Securities Co. Ltd. boosted its stake in shares of Elbit Systems by 18.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 219 shares of the aerospace company’s stock valued at $112,000 after purchasing an additional 34 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Elbit Systems by 24.4% during the third quarter. Smartleaf Asset Management LLC now owns 194 shares of the aerospace company’s stock worth $97,000 after buying an additional 38 shares during the period. 17.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ESLT. Wall Street Zen raised shares of Elbit Systems from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. JPMorgan Chase & Co. increased their price target on Elbit Systems from $530.00 to $580.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Elbit Systems in a research report on Monday, December 29th. Finally, Morgan Stanley began coverage on Elbit Systems in a research note on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $550.33.

Elbit Systems Stock Performance

Shares of ESLT stock opened at $911.90 on Thursday. The firm has a 50 day moving average of $779.08 and a 200-day moving average of $609.33. The company has a market cap of $40.53 billion, a price-to-earnings ratio of 80.27, a price-to-earnings-growth ratio of 2.63 and a beta of 0.22. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.06. Elbit Systems Ltd. has a 52 week low of $354.68 and a 52 week high of $1,016.06.

Elbit Systems (NASDAQ:ESLT) last released its earnings results on Tuesday, March 17th. The aerospace company reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.33. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.09 billion. Elbit Systems had a net margin of 6.73% and a return on equity of 15.53%. On average, equities analysts forecast that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Monday, April 13th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, April 13th. This is a positive change from Elbit Systems’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.4%. Elbit Systems’s payout ratio is currently 19.81%.

About Elbit Systems

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.