Elbit Systems Ltd. (NASDAQ:ESLT) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. reduced its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 18.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,422 shares of the aerospace company’s stock after selling 318 shares during the period. Freedom Investment Management Inc.’s holdings in Elbit Systems were worth $284,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of Elbit Systems by 368.6% during the second quarter. Blue Trust Inc. now owns 164 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 129 shares in the last quarter. Coastline Trust Co acquired a new position in shares of Elbit Systems during the third quarter worth $34,000. Point72 DIFC Ltd acquired a new position in shares of Elbit Systems during the second quarter worth $35,000. Avior Wealth Management LLC lifted 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. acquired a new stake in Elbit Systems in the second quarter valued at $143,000. 17.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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 Trading Down 0.2 %

ESLT opened at $244.18 on Monday. The stock has a market capitalization of $10.85 billion, a PE ratio of 41.74 and a beta of 0.51. The firm’s fifty day moving average price is $221.59 and its 200 day moving average price is $201.32. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64. Elbit Systems Ltd. has a 12-month low of $175.30 and a 12-month high of $255.02.

Elbit Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be issued a $0.50 dividend. The ex-dividend date is Monday, December 23rd. This is a boost from Elbit Systems’s previous quarterly dividend of $0.42. This represents a $2.00 annualized dividend and a yield of 0.82%. Elbit Systems’s dividend payout ratio is currently 28.38%.

Elbit Systems 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.