JPMorgan Chase & Co. Has $34.16 Million Position in Elbit Systems Ltd. (NASDAQ:ESLT)

JPMorgan Chase & Co. lifted its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 12.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,703 shares of the aerospace company’s stock after purchasing an additional 18,614 shares during the period. JPMorgan Chase & Co. owned 0.38% of Elbit Systems worth $34,158,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Spectrum Asset Management Inc. NB CA bought a new position in Elbit Systems during the third quarter worth about $762,000. BNP Paribas Financial Markets lifted its position in shares of Elbit Systems by 99.4% in the third quarter. BNP Paribas Financial Markets now owns 3,390 shares of the aerospace company’s stock valued at $678,000 after buying an additional 1,690 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Elbit Systems by 50.3% during the 3rd quarter. Stifel Financial Corp now owns 10,531 shares of the aerospace company’s stock worth $2,107,000 after acquiring an additional 3,524 shares during the period. Systematic Financial Management LP increased its holdings in shares of Elbit Systems by 12.1% during the 3rd quarter. Systematic Financial Management LP now owns 74,322 shares of the aerospace company’s stock worth $14,872,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Elbit Systems in the 2nd quarter valued at $2,181,000. 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 report on Wednesday, November 20th.

Elbit Systems Stock Down 0.8 %

Elbit Systems stock opened at $261.47 on Tuesday. The company’s 50-day moving average price is $247.75 and its two-hundred day moving average price is $213.34. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The stock has a market cap of $11.62 billion, a P/E ratio of 44.70 and a beta of 0.52. Elbit Systems Ltd. has a twelve month low of $175.30 and a twelve month high of $266.35.

Elbit Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 23rd were paid 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 0.76%. This is a positive change 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.