JPMorgan Chase & Co. Acquires 18,614 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

JPMorgan Chase & Co. increased its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 12.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,703 shares of the aerospace company's stock after acquiring an additional 18,614 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.38% of Elbit Systems worth $34,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Altshuler Shaham Ltd grew its holdings 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 worth $161,177,000 after purchasing an additional 18,014 shares during the last quarter. Y.D. More Investments Ltd grew its holdings in Elbit Systems by 32,724.6% in the 2nd quarter. Y.D. More Investments Ltd now owns 403,742 shares of the aerospace company's stock worth $71,329,000 after acquiring an additional 402,512 shares during the last quarter. Meitav Investment House Ltd. increased its position in shares of 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 acquiring an additional 98,440 shares during the period. Heard Capital LLC raised its stake in shares of Elbit Systems by 4.8% during the third quarter. Heard Capital LLC now owns 218,392 shares of the aerospace company's stock valued at $43,700,000 after acquiring an additional 10,070 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Elbit Systems by 0.5% during the third quarter. Swiss National Bank now owns 79,626 shares of the aerospace company's stock worth $15,896,000 after purchasing an additional 368 shares during the period. 17.88% of the stock is owned by hedge funds and other institutional investors.

Elbit Systems Trading Up 1.7 %

ESLT stock traded up $4.32 on Tuesday, reaching $265.79. The company's stock had a trading volume of 32,467 shares, compared to its average volume of 30,462. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. The business has a fifty day simple moving average of $248.51 and a two-hundred day simple moving average of $213.94. The firm has a market cap of $11.82 billion, a PE ratio of 45.43 and a beta of 0.52. Elbit Systems Ltd. has a 12-month low of $175.30 and a 12-month high of $270.00.

Elbit Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 23rd were paid a $0.50 dividend. This is an increase from Elbit Systems's previous quarterly dividend of $0.42. This represents a $2.00 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Monday, December 23rd. Elbit Systems's dividend payout ratio is presently 28.38%.

Analyst Ratings Changes

Separately, StockNews.com raised Elbit Systems from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, November 20th.

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.