Capital Wealth Planning LLC Has $9.80 Million Stake in Elbit Systems Ltd. $ESLT

Capital Wealth Planning LLC raised its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 149.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 16,559 shares of the aerospace company’s stock after purchasing an additional 9,932 shares during the period. Capital Wealth Planning LLC’s holdings in Elbit Systems were worth $9,802,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Elbit Systems by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 998,267 shares of the aerospace company’s stock valued at $573,131,000 after purchasing an additional 13,406 shares during the period. Van ECK Associates Corp raised its stake in shares of Elbit Systems by 3,162.0% in the 3rd quarter. Van ECK Associates Corp now owns 648,104 shares of the aerospace company’s stock valued at $330,404,000 after purchasing an additional 628,236 shares during the period. Y.D. More Investments Ltd raised its stake in shares of Elbit Systems by 3.0% in the 4th quarter. Y.D. More Investments Ltd now owns 618,325 shares of the aerospace company’s stock valued at $356,345,000 after purchasing an additional 18,289 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Elbit Systems by 2.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 483,842 shares of the aerospace company’s stock valued at $246,121,000 after purchasing an additional 12,003 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Elbit Systems by 10.0% in the 3rd quarter. Invesco Ltd. now owns 370,911 shares of the aerospace company’s stock valued at $189,090,000 after purchasing an additional 33,619 shares during the period. Institutional investors and hedge funds own 17.88% of the company’s stock.

Insider Buying and Selling at Elbit Systems

In related news, CEO Bezhalel Machlis sold 25,514 shares of Elbit Systems stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $887.40, for a total transaction of $22,641,123.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Oren Yaacov Sabag sold 8,504 shares of Elbit Systems stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $887.40, for a total value of $7,546,449.60. The SEC filing for this sale provides additional information. Insiders have sold a total of 69,736 shares of company stock valued at $61,883,726 in the last three months. Corporate insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on ESLT. JPMorgan Chase & Co. lifted their price target on Elbit Systems from $930.00 to $950.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Jefferies Financial Group restated a “hold” rating and issued a $950.00 price objective on shares of Elbit Systems in a report on Wednesday, May 27th. Finally, Zacks Research upgraded Elbit Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Elbit Systems presently has a consensus rating of “Moderate Buy” and an average price target of $742.75.

Elbit Systems Trading Down 2.2%

Elbit Systems stock opened at $818.97 on Thursday. Elbit Systems Ltd. has a 52 week low of $407.76 and a 52 week high of $1,016.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.41. The stock has a market capitalization of $36.40 billion, a P/E ratio of 66.31, a PEG ratio of 3.41 and a beta of 0.14. The stock has a 50-day simple moving average of $842.64 and a 200 day simple moving average of $741.20.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings results on Tuesday, May 26th. The aerospace company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.89. Elbit Systems had a return on equity of 16.15% and a net margin of 7.14%.The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Analysts expect that Elbit Systems Ltd. will post 15.94 earnings per share for the current year.

Elbit Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Tuesday, June 23rd will be issued a dividend of $1.00 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $4.00 dividend on an annualized basis and a yield of 0.5%. Elbit Systems’s dividend payout ratio (DPR) is presently 26.96%.

Elbit Systems 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.