Wealth Enhancement Advisory Services LLC Has $15.64 Million Stock Holdings in Elbit Systems Ltd. $ESLT

Wealth Enhancement Advisory Services LLC decreased its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 24.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,435 shares of the aerospace company’s stock after selling 7,864 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.05% of Elbit Systems worth $15,639,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada boosted its stake in Elbit Systems by 98.9% in the first quarter. Royal Bank of Canada now owns 2,464 shares of the aerospace company’s stock valued at $946,000 after buying an additional 1,225 shares in the last quarter. AQR Capital Management LLC acquired a new position in Elbit Systems during the first quarter worth about $353,000. NewEdge Advisors LLC grew its holdings in shares of Elbit Systems by 3,461.1% during the 1st quarter. NewEdge Advisors LLC now owns 641 shares of the aerospace company’s stock valued at $246,000 after purchasing an additional 623 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Elbit Systems by 33.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 135,106 shares of the aerospace company’s stock worth $51,837,000 after purchasing an additional 34,049 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Elbit Systems by 7.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 16,521 shares of the aerospace company’s stock worth $6,339,000 after purchasing an additional 1,191 shares in the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ESLT shares. JPMorgan Chase & Co. raised their target price on shares of Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Wall Street Zen upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Morgan Stanley initiated coverage on Elbit Systems in a research note on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 price target for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Elbit Systems in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Elbit Systems has an average rating of “Hold” and a consensus price target of $550.33.

Elbit Systems Stock Up 1.9%

NASDAQ:ESLT opened at $911.90 on Thursday. Elbit Systems Ltd. has a one year low of $354.68 and a one year high of $1,016.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.29 and a quick ratio of 0.77. The company has a market cap of $40.53 billion, a PE ratio of 80.27, a P/E/G ratio of 2.63 and a beta of 0.22. The firm’s 50 day simple moving average is $779.08 and its 200 day simple moving average is $609.33.

Elbit Systems (NASDAQ:ESLT) last announced its quarterly earnings results on Tuesday, March 17th. The aerospace company reported $3.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.33. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Elbit Systems had a net margin of 6.73% and a return on equity of 15.53%. On average, research analysts anticipate that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Monday, April 13th will be issued a $1.00 dividend. The ex-dividend date is Monday, April 13th. This is a positive change from Elbit Systems’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a yield of 0.4%. Elbit Systems’s dividend payout ratio (DPR) is currently 19.81%.

Elbit Systems Company Profile

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.