Corient Private Wealth LLC Has $553,000 Stake in Elbit Systems Ltd. (NASDAQ:ESLT)

Corient Private Wealth LLC trimmed its position in shares of Elbit Systems Ltd. (NASDAQ:ESLTFree Report) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,593 shares of the aerospace company’s stock after selling 179 shares during the period. Corient Private Wealth LLC’s holdings in Elbit Systems were worth $553,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ESLT. Altshuler Shaham Ltd boosted its stake in shares of Elbit Systems by 5,555.9% in the 4th quarter. Altshuler Shaham Ltd now owns 552,473 shares of the aerospace company’s stock valued at $118,050,000 after purchasing an additional 542,705 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Elbit Systems in the 4th quarter valued at approximately $90,950,000. Ramirez Asset Management Inc. acquired a new stake in shares of Elbit Systems in the 3rd quarter valued at approximately $2,714,000. Meitav Investment House Ltd. raised its holdings in Elbit Systems by 4.7% in the 4th quarter. Meitav Investment House Ltd. now owns 224,549 shares of the aerospace company’s stock valued at $48,092,000 after buying an additional 10,168 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Elbit Systems by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 809,337 shares of the aerospace company’s stock valued at $160,233,000 after buying an additional 8,966 shares during the last quarter. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Elbit Systems Stock Down 3.1 %

Shares of NASDAQ ESLT opened at $184.80 on Friday. The company has a 50 day simple moving average of $200.15 and a 200 day simple moving average of $205.64. The firm has a market cap of $8.21 billion, a PE ratio of 36.38 and a beta of 0.55. Elbit Systems Ltd. has a 1 year low of $183.25 and a 1 year high of $225.64. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.16 and a quick ratio of 0.66.

Elbit Systems (NASDAQ:ESLTGet Free Report) last issued its quarterly earnings data on Tuesday, May 28th. The aerospace company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.49 billion. Elbit Systems had a net margin of 3.70% and a return on equity of 10.14%. During the same quarter last year, the business earned $1.70 EPS. On average, research analysts forecast that Elbit Systems Ltd. will post 7.45 EPS for the current year.

Elbit Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Tuesday, June 18th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $2.00 annualized dividend and a yield of 1.08%. Elbit Systems’s payout ratio is 32.68%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Elbit Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 29th.

Get Our Latest Analysis on Elbit Systems

Elbit Systems Profile

(Free Report)

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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Institutional Ownership by Quarter for Elbit Systems (NASDAQ:ESLT)

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