Sumitomo Mitsui Trust Group Inc. Has $8.68 Million Stock Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Sumitomo Mitsui Trust Group Inc. decreased its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 16.0% during the 4th quarter, Holdings Channel reports. The firm owned 33,638 shares of the aerospace company’s stock after selling 6,401 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Elbit Systems were worth $8,681,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Creative Planning boosted its stake in shares of Elbit Systems by 32.6% during the 3rd quarter. Creative Planning now owns 3,814 shares of the aerospace company’s stock worth $763,000 after acquiring an additional 938 shares during the period. Cardinal Capital Management boosted its stake in Elbit Systems by 1.0% in the 3rd quarter. Cardinal Capital Management now owns 14,254 shares of the aerospace company’s stock valued at $2,852,000 after purchasing an additional 136 shares during the period. Inspire Advisors LLC lifted its position in shares of Elbit Systems by 13.8% during the 3rd quarter. Inspire Advisors LLC now owns 3,009 shares of the aerospace company’s stock valued at $602,000 after acquiring an additional 366 shares during the period. Blue Trust Inc. lifted its position in shares of Elbit Systems by 461.0% during the 3rd quarter. Blue Trust Inc. now owns 920 shares of the aerospace company’s stock valued at $184,000 after acquiring an additional 756 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Elbit Systems by 8.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,421 shares of the aerospace company’s stock valued at $284,000 after acquiring an additional 115 shares during the period. Institutional investors and hedge funds own 17.88% of the company’s stock.

Analyst Ratings Changes

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

Elbit Systems Stock Down 1.5 %

Shares of Elbit Systems stock opened at $297.62 on Thursday. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $313.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64. The stock’s 50-day moving average is $278.53 and its 200 day moving average is $234.42. The firm has a market cap of $13.23 billion, a price-to-earnings ratio of 50.88 and a beta of 0.53.

Elbit Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 23rd were paid a $0.50 dividend. The ex-dividend date was Monday, December 23rd. This is an increase from Elbit Systems’s previous quarterly dividend of $0.42. This represents a $2.00 annualized dividend and a dividend yield of 0.67%. Elbit Systems’s dividend payout ratio is 28.38%.

Elbit Systems Company 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.