Elbit Systems Ltd. (NASDAQ:ESLT) Shares Sold by Amundi

Amundi cut its stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 15.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,865 shares of the aerospace company's stock after selling 2,234 shares during the quarter. Amundi's holdings in Elbit Systems were worth $3,252,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ESLT. Coastline Trust Co purchased a new stake in shares of Elbit Systems during the 3rd quarter valued at approximately $34,000. Morse Asset Management Inc purchased a new stake in Elbit Systems in the third quarter valued at $40,000. Sierra Ocean LLC acquired a new position in shares of Elbit Systems in the 4th quarter valued at $41,000. Smartleaf Asset Management LLC grew its holdings in shares of Elbit Systems by 196.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock worth $41,000 after purchasing an additional 106 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Elbit Systems during the 3rd quarter worth about $63,000. Hedge funds and other institutional investors own 17.88% of the company's stock.

Elbit Systems Stock Up 0.5 %

Elbit Systems stock traded up $2.04 during mid-day trading on Thursday, reaching $412.64. 150,057 shares of the company's stock were exchanged, compared to its average volume of 32,786. The company has a fifty day moving average of $315.67 and a 200-day moving average of $258.87. The company has a market cap of $18.34 billion, a P/E ratio of 70.54 and a beta of 0.53. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. Elbit Systems Ltd. has a twelve month low of $175.30 and a twelve month high of $414.64.

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Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted its quarterly earnings results on Tuesday, March 18th. The aerospace company reported $2.66 EPS for the quarter, topping the consensus estimate of $1.95 by $0.71. The company had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.78 billion. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. Sell-side analysts expect that Elbit Systems Ltd. will post 8.05 EPS for the current year.

Elbit Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd will be issued a $0.60 dividend. This is an increase from Elbit Systems's previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Tuesday, April 22nd. Elbit Systems's payout ratio is presently 28.38%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Elbit Systems from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.

Elbit Systems 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.