Elbit Systems Ltd. (NASDAQ:ESLT) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,186 shares of the aerospace company’s stock after selling 101 shares during the period. The Manufacturers Life Insurance Company’s holdings in Elbit Systems were worth $2,224,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ESLT. Blue Trust Inc. boosted its stake in shares of Elbit Systems by 368.6% in the second quarter. Blue Trust Inc. now owns 164 shares of the aerospace company’s stock valued at $29,000 after buying an additional 129 shares in the last quarter. Coastline Trust Co acquired a new stake in Elbit Systems in the third quarter valued at $34,000. Point72 DIFC Ltd purchased a new stake in shares of Elbit Systems during the 2nd quarter worth $35,000. Avior Wealth Management LLC grew its stake in shares of Elbit Systems by 49.1% during the 3rd quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company’s stock worth $96,000 after purchasing an additional 158 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Elbit Systems during the 2nd quarter worth $143,000. 17.88% of the stock is owned by hedge funds and other 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

ESLT stock opened at $251.61 on Monday. The firm has a 50 day moving average of $227.07 and a 200-day moving average of $203.08. The company has a market cap of $11.18 billion, a price-to-earnings ratio of 43.01 and a beta of 0.52. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. Elbit Systems Ltd. has a 12-month low of $175.30 and a 12-month high of $255.02.

Elbit Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.79%. This is an increase from Elbit Systems’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, December 23rd. Elbit Systems’s payout ratio is presently 28.38%.

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.