Hsbc Holdings PLC Has $375,000 Stock Holdings in Elbit Systems Ltd. $ESLT

Hsbc Holdings PLC trimmed its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 96.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 651 shares of the aerospace company’s stock after selling 15,666 shares during the quarter. Hsbc Holdings PLC’s holdings in Elbit Systems were worth $375,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ESLT. Cadent Capital Advisors LLC acquired a new stake in shares of Elbit Systems during the 4th quarter valued at about $1,493,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Elbit Systems by 709.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 88,075 shares of the aerospace company’s stock valued at $50,948,000 after buying an additional 77,192 shares in the last quarter. UBS Group AG increased its holdings in Elbit Systems by 35.5% in the fourth quarter. UBS Group AG now owns 126,864 shares of the aerospace company’s stock worth $73,291,000 after buying an additional 33,235 shares during the last quarter. Vanguard Group Inc. raised its position in Elbit Systems by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 998,267 shares of the aerospace company’s stock valued at $573,131,000 after acquiring an additional 13,406 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Elbit Systems by 8.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,235 shares of the aerospace company’s stock valued at $10,202,000 after acquiring an additional 1,357 shares in the last quarter. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Wall Street Analyst Weigh In

ESLT has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Elbit Systems from $930.00 to $950.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Morgan Stanley set a $845.00 target price on shares of Elbit Systems in a research report on Wednesday. Jefferies Financial Group cut their target price on Elbit Systems from $950.00 to $880.00 and set a “hold” rating on the stock in a report on Wednesday, June 24th. Finally, Zacks Research cut Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $803.75.

Elbit Systems Stock Performance

ESLT opened at $741.55 on Friday. The stock has a market cap of $32.96 billion, a PE ratio of 60.04, a P/E/G ratio of 3.13 and a beta of 0.17. The company has a current ratio of 1.41, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Elbit Systems Ltd. has a 1 year low of $427.08 and a 1 year high of $1,016.06. The stock’s 50 day simple moving average is $792.32 and its 200-day simple moving average is $789.92.

Elbit Systems (NASDAQ:ESLT) last announced its quarterly earnings data on Tuesday, May 26th. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.89. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Elbit Systems had a net margin of 7.14% and a return on equity of 16.15%. Sell-side analysts forecast that Elbit Systems Ltd. will post 15.3 EPS for the current year.

Elbit Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Tuesday, June 23rd were given a dividend of $1.00 per share. The ex-dividend date was 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 is 26.96%.

Elbit Systems Company 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.