Citigroup Inc. Sells 44 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Citigroup Inc. decreased its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 0.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,502 shares of the aerospace company’s stock after selling 44 shares during the period. Citigroup Inc. owned 0.07% of Elbit Systems worth $6,473,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Elbit Systems by 368.6% during the 2nd quarter. Blue Trust Inc. now owns 164 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 129 shares during the period. Coastline Trust Co purchased a new position in shares of Elbit Systems in the third quarter valued at about $34,000. Point72 DIFC Ltd bought a new position in shares of Elbit Systems in the second quarter worth about $35,000. Avior Wealth Management LLC grew its position in shares of Elbit Systems by 49.1% during the third quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company’s stock worth $96,000 after purchasing an additional 158 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Elbit Systems during the 2nd quarter valued at approximately $143,000. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th.

Elbit Systems Stock Performance

Shares of NASDAQ ESLT opened at $244.18 on Friday. The company has a market cap of $10.85 billion, a P/E ratio of 41.74 and a beta of 0.51. 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 fifty day moving average is $221.59 and its two-hundred day moving average is $201.31. Elbit Systems Ltd. has a 52-week low of $175.30 and a 52-week high of $255.02.

Elbit Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be paid a $0.50 dividend. The ex-dividend date is Monday, December 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. This is an increase from Elbit Systems’s previous quarterly dividend of $0.42. Elbit Systems’s payout ratio is currently 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.