Advisors Asset Management Inc. Purchases 92 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Advisors Asset Management Inc. raised its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,402 shares of the aerospace company’s stock after acquiring an additional 92 shares during the quarter. Advisors Asset Management Inc.’s holdings in Elbit Systems were worth $2,482,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd boosted its position in shares of Elbit Systems by 32,724.6% during the 2nd quarter. Y.D. More Investments Ltd now owns 403,742 shares of the aerospace company’s stock valued at $71,329,000 after purchasing an additional 402,512 shares in the last quarter. Meitav Investment House Ltd. lifted its stake in Elbit Systems by 41.3% in the third quarter. Meitav Investment House Ltd. now owns 336,836 shares of the aerospace company’s stock valued at $67,264,000 after buying an additional 98,440 shares during the period. Millennium Management LLC boosted its holdings in shares of Elbit Systems by 253.0% during the 2nd quarter. Millennium Management LLC now owns 29,204 shares of the aerospace company’s stock worth $5,158,000 after buying an additional 20,932 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Elbit Systems during the 1st quarter worth approximately $3,888,000. Finally, Altshuler Shaham Ltd increased its stake in shares of Elbit Systems by 2.0% in the 2nd quarter. Altshuler Shaham Ltd now owns 912,307 shares of the aerospace company’s stock valued at $161,177,000 after acquiring an additional 18,014 shares in the last quarter. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Elbit Systems Stock Performance

Shares of ESLT opened at $250.11 on Friday. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $252.50. The company has a market cap of $11.12 billion, a PE ratio of 42.75 and a beta of 0.51. The stock has a 50-day moving average of $216.10 and a 200-day moving average of $199.62. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.63.

Elbit Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.50 per share. This is an increase from Elbit Systems’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, December 23rd. This represents a $2.00 annualized dividend and a dividend yield of 0.80%. Elbit Systems’s payout ratio is currently 28.38%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

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.