Clal Insurance Enterprises Holdings Ltd Lowers Stake in Elbit Systems Ltd. (NASDAQ:ESLT)

Clal Insurance Enterprises Holdings Ltd lowered its stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 6.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,394,679 shares of the aerospace company's stock after selling 88,437 shares during the quarter. Elbit Systems makes up approximately 2.5% of Clal Insurance Enterprises Holdings Ltd's investment portfolio, making the stock its 12th largest position. Clal Insurance Enterprises Holdings Ltd owned approximately 3.14% of Elbit Systems worth $278,520,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Altshuler Shaham Ltd grew its position in shares of Elbit Systems by 2.0% in the second quarter. Altshuler Shaham Ltd now owns 912,307 shares of the aerospace company's stock valued at $161,177,000 after purchasing an additional 18,014 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Elbit Systems by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 830,505 shares of the aerospace company's stock worth $174,597,000 after acquiring an additional 11,643 shares in the last quarter. Y.D. More Investments Ltd grew its position in Elbit Systems by 32,724.6% in the second quarter. Y.D. More Investments Ltd now owns 403,742 shares of the aerospace company's stock valued at $71,329,000 after acquiring an additional 402,512 shares during the last quarter. Meitav Investment House Ltd. raised its stake in Elbit Systems by 41.3% during the third quarter. Meitav Investment House Ltd. now owns 336,836 shares of the aerospace company's stock worth $67,264,000 after acquiring an additional 98,440 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Elbit Systems by 0.5% in the third quarter. Swiss National Bank now owns 79,626 shares of the aerospace company's stock worth $15,896,000 after acquiring an additional 368 shares during the last quarter. Institutional investors own 17.88% of the company's stock.

Elbit Systems Trading Up 0.3 %

NASDAQ ESLT traded up $0.80 on Friday, reaching $250.11. The company had a trading volume of 18,294 shares, compared to its average volume of 34,015. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 42.75 and a beta of 0.51. Elbit Systems Ltd. has a fifty-two week low of $175.30 and a fifty-two week high of $252.50. The business has a 50 day moving average of $216.10 and a two-hundred day moving average of $199.64. 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 firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.50 per share. The ex-dividend date is Monday, December 23rd. This is an increase from Elbit Systems's previous quarterly dividend of $0.42. This represents a $2.00 annualized dividend and a dividend yield of 0.80%. Elbit Systems's payout ratio is presently 28.38%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Elbit Systems from a "buy" rating to a "strong-buy" rating in a research report on Wednesday.

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.