Checchi Capital Advisers LLC lowered its stake in L-3 Communications Holdings Inc. (NYSE:LLL) by 13.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 794 shares of the company’s stock after selling 128 shares during the period. Checchi Capital Advisers LLC’s holdings in L-3 Communications Holdings were worth $116,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in L-3 Communications Holdings by 21.3% in the first quarter. IFP Advisors Inc now owns 1,515 shares of the company’s stock valued at $180,000 after buying an additional 266 shares in the last quarter. ING Groep NV purchased a new position in L-3 Communications Holdings during the first quarter valued at approximately $206,000. Wendell David Associates Inc. purchased a new position in L-3 Communications Holdings during the second quarter valued at approximately $224,000. Indiana Trust & Investment Management CO purchased a new position in L-3 Communications Holdings during the second quarter valued at approximately $226,000. Finally, Meeder Asset Management Inc. purchased a new position in L-3 Communications Holdings during the first quarter valued at approximately $259,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

L-3 Communications Holdings Inc. (NYSE:LLL) traded down 0.55% during mid-day trading on Friday, reaching $146.78. 453,450 shares of the company’s stock were exchanged. L-3 Communications Holdings Inc. has a 52 week low of $101.13 and a 52 week high of $154.50. The stock has a 50-day moving average price of $149.29 and a 200-day moving average price of $137.17. The stock’s market cap is $11.34 billion.

L-3 Communications Holdings (NYSE:LLL) last announced its earnings results on Thursday, July 28th. The company reported $1.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.19. L-3 Communications Holdings had a positive return on equity of 14.37% and a negative net margin of 0.85%. The company earned $2.66 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the company posted $1.36 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, analysts forecast that L-3 Communications Holdings Inc. will post $7.88 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 17th were paid a $0.70 dividend. The ex-dividend date was Monday, August 15th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.91%. L-3 Communications Holdings’s dividend payout ratio (DPR) is presently -254.55%.

A number of equities analysts recently issued reports on the stock. Drexel Hamilton upgraded shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $152.00 target price for the company in a research report on Thursday, May 26th. Citigroup Inc. assumed coverage on shares of L-3 Communications Holdings in a research report on Tuesday, September 6th. They issued a “buy” rating and a $174.00 target price for the company. Zacks Investment Research upgraded shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $162.00 target price for the company in a research report on Tuesday, June 14th. Deutsche Bank AG reiterated a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of L-3 Communications Holdings in a research report on Monday, June 13th. Finally, Credit Suisse Group AG assumed coverage on shares of L-3 Communications Holdings in a research report on Tuesday, June 7th. They issued a “buy” rating and a $169.00 target price for the company. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. L-3 Communications Holdings currently has an average rating of “Buy” and an average price target of $154.67.

In other news, insider Ralph Dambrosio sold 12,760 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $150.00, for a total value of $1,914,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Michael T. Strianese sold 100,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $149.64, for a total value of $14,964,000.00. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.

About L-3 Communications Holdings

L-3 Communications Holdings, Inc (L-3 Holdings) operates through its operating subsidiary L-3 Communications (L-3). The Company operates through three segments: Electronic Systems, which provides a range of products and services, including components, products, subsystems, systems and related services to military and commercial customers; Aerospace Systems, which provides products and services for the Intelligence, Surveillance and Reconnaissance (ISR) market, specializing in signals intelligence (SIGINT) and multi-intelligence platforms, and Communication Systems, which provides network and communication systems, secure communications products, radio frequency components, satellite communication terminals, and space, microwave and telemetry products.

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