JPMorgan Chase & Co. Acquires 18,614 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

JPMorgan Chase & Co. raised its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 12.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 170,703 shares of the aerospace company’s stock after purchasing an additional 18,614 shares during the period. JPMorgan Chase & Co.’s holdings in Elbit Systems were worth $34,158,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Coastline Trust Co bought a new stake in Elbit Systems during the third quarter worth about $34,000. Point72 DIFC Ltd bought a new position in shares of Elbit Systems during the second quarter worth about $35,000. Morse Asset Management Inc acquired a new position in shares of Elbit Systems in the third quarter worth approximately $40,000. Wilmington Savings Fund Society FSB bought a new position in Elbit Systems during the third quarter worth $63,000. Finally, Avior Wealth Management LLC raised its position in shares of Elbit Systems by 49.1% in the 3rd quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company’s stock worth $96,000 after acquiring an additional 158 shares in the last quarter. 17.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised 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

Shares of ESLT opened at $261.47 on Tuesday. 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 business’s fifty day moving average is $247.75 and its 200 day moving average is $213.34. 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 12-month low of $175.30 and a 12-month high of $266.35.

Elbit Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 23rd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $2.00 annualized dividend and a yield of 0.76%. This is an increase from Elbit Systems’s previous quarterly dividend of $0.42. Elbit Systems’s dividend payout ratio is 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.