Elbit Systems Ltd (ESLT) Shares Sold by First Allied Advisory Services Inc.

First Allied Advisory Services Inc. cut its holdings in Elbit Systems Ltd (NASDAQ:ESLT) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,569 shares of the aerospace company’s stock after selling 90 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Elbit Systems were worth $1,214,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Schafer Cullen Capital Management Inc grew its stake in shares of Elbit Systems by 24.6% during the fourth quarter. Schafer Cullen Capital Management Inc now owns 59,953 shares of the aerospace company’s stock worth $6,870,000 after acquiring an additional 11,823 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Elbit Systems by 200.9% during the fourth quarter. Bank of America Corp DE now owns 7,162 shares of the aerospace company’s stock worth $817,000 after acquiring an additional 4,782 shares during the last quarter. PRW Wealth Management LLC purchased a new stake in shares of Elbit Systems during the fourth quarter worth about $63,000. Dimensional Fund Advisors LP grew its stake in shares of Elbit Systems by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,385 shares of the aerospace company’s stock worth $1,184,000 after acquiring an additional 187 shares during the last quarter. Finally, Citigroup Inc. grew its stake in shares of Elbit Systems by 204.9% during the fourth quarter. Citigroup Inc. now owns 30,858 shares of the aerospace company’s stock worth $3,540,000 after acquiring an additional 20,736 shares during the last quarter. 7.92% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub upgraded Elbit Systems from a “hold” rating to a “buy” rating in a research note on Saturday, February 9th.

NASDAQ ESLT traded down $3.51 during trading hours on Friday, reaching $139.29. The stock had a trading volume of 16,215 shares, compared to its average volume of 15,437. The firm has a market cap of $5.96 billion, a P/E ratio of 22.58 and a beta of 0.85. Elbit Systems Ltd has a 52-week low of $109.81 and a 52-week high of $142.78. The company has a quick ratio of 0.73, a current ratio of 1.13 and a debt-to-equity ratio of 0.28.

Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Tuesday, March 19th. The aerospace company reported $1.91 EPS for the quarter. The firm had revenue of $1.08 billion for the quarter. Elbit Systems had a return on equity of 14.47% and a net margin of 5.61%.

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Monday, April 1st.

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About Elbit Systems

Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications worldwide. The company offers military aircraft and helicopter systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; electro-optic and countermeasures systems; land vehicle systems; command, control, communications, computer, and intelligence systems; electronic warfare and signal intelligence systems; and commercial cyber security products.

Read More: Cost of Capital Explained

Institutional Ownership by Quarter for Elbit Systems (NASDAQ:ESLT)

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