Sumitomo Mitsui Trust Group Inc. Has $8.68 Million Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,638 shares of the aerospace company's stock after selling 6,401 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.08% of Elbit Systems worth $8,681,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ESLT. Creative Planning boosted its holdings in Elbit Systems by 32.6% in the 3rd quarter. Creative Planning now owns 3,814 shares of the aerospace company's stock valued at $763,000 after purchasing an additional 938 shares during the period. Cardinal Capital Management raised its stake in shares of Elbit Systems by 1.0% in the 3rd quarter. Cardinal Capital Management now owns 14,254 shares of the aerospace company's stock valued at $2,852,000 after buying an additional 136 shares in the last quarter. Inspire Advisors LLC raised its stake in shares of Elbit Systems by 13.8% in the 3rd quarter. Inspire Advisors LLC now owns 3,009 shares of the aerospace company's stock valued at $602,000 after buying an additional 366 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Elbit Systems by 461.0% in the 3rd quarter. Blue Trust Inc. now owns 920 shares of the aerospace company's stock valued at $184,000 after buying an additional 756 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Elbit Systems by 8.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,421 shares of the aerospace company's stock valued at $284,000 after buying an additional 115 shares in the last quarter. 17.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Elbit Systems from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, November 20th.

Elbit Systems Price Performance

Shares of ESLT stock traded up $0.64 during mid-day trading on Friday, reaching $296.98. The company's stock had a trading volume of 24,692 shares, compared to its average volume of 37,984. Elbit Systems Ltd. has a 1-year low of $175.30 and a 1-year high of $313.89. The company has a market cap of $13.20 billion, a P/E ratio of 50.77 and a beta of 0.53. 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 firm's 50-day moving average is $280.35 and its two-hundred day moving average is $236.44.

Elbit Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 23rd were given a dividend of $0.50 per share. The ex-dividend date was Monday, December 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.67%. This is a boost from Elbit Systems's previous quarterly dividend of $0.42. Elbit Systems's dividend payout ratio (DPR) is 28.38%.

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.