Brown Advisory Inc. boosted its position in CenturyLink Inc. (NYSE:CTL) by 13.3% during the second quarter, Holdings Channel reports. The firm owned 13,781 shares of the company’s stock after buying an additional 1,619 shares during the period. Brown Advisory Inc.’s holdings in CenturyLink were worth $399,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Synovus Financial Corp increased its stake in shares of CenturyLink by 0.5% in the second quarter. Synovus Financial Corp now owns 14,707 shares of the company’s stock worth $429,000 after buying an additional 76 shares during the period. Investors Asset Management of Georgia Inc. GA ADV increased its stake in shares of CenturyLink by 0.7% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 17,249 shares of the company’s stock worth $500,000 after buying an additional 125 shares during the period. Carroll Financial Associates Inc. increased its stake in shares of CenturyLink by 2.1% in the second quarter. Carroll Financial Associates Inc. now owns 10,087 shares of the company’s stock worth $292,000 after buying an additional 204 shares during the period. Bollard Group LLC increased its stake in shares of CenturyLink by 1.6% in the second quarter. Bollard Group LLC now owns 13,192 shares of the company’s stock worth $383,000 after buying an additional 213 shares during the period. Finally, First Manhattan Co. increased its stake in shares of CenturyLink by 0.6% in the second quarter. First Manhattan Co. now owns 39,955 shares of the company’s stock worth $1,159,000 after buying an additional 220 shares during the period. 73.33% of the stock is owned by institutional investors.
CenturyLink Inc. (NYSE:CTL) traded up 0.40% during midday trading on Monday, hitting $27.54. 456,118 shares of the stock traded hands. The company has a market capitalization of $15.04 billion, a price-to-earnings ratio of 15.42 and a beta of 0.80. The stock’s 50-day moving average price is $28.14 and its 200 day moving average price is $29.36. CenturyLink Inc. has a 52 week low of $21.94 and a 52 week high of $32.94.
CenturyLink (NYSE:CTL) last released its earnings results on Wednesday, August 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.04. The company earned $440 billion during the quarter, compared to analyst estimates of $4.39 billion. CenturyLink had a net margin of 5.47% and a return on equity of 11.02%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS. On average, equities research analysts predict that CenturyLink Inc. will post $2.53 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 7.87%. The ex-dividend date of this dividend was Wednesday, August 31st. CenturyLink’s dividend payout ratio is 120.67%.
A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada upped their price objective on shares of CenturyLink from $29.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Monday, August 8th. Macquarie reiterated a “neutral” rating and set a $30.00 price objective (down from $31.00) on shares of CenturyLink in a research report on Tuesday, September 13th. Vetr upgraded shares of CenturyLink from a “sell” rating to a “hold” rating and set a $29.00 price objective for the company in a research report on Monday, August 8th. Zacks Investment Research cut shares of CenturyLink from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Finally, Morgan Stanley cut shares of CenturyLink from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $31.00 to $27.00 in a research report on Monday, July 18th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. CenturyLink currently has a consensus rating of “Hold” and a consensus target price of $28.37.
In related news, Director Harvey P. Perry sold 20,000 shares of the stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $31.00, for a total value of $620,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by corporate insiders.
CenturyLink Company Profile
CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to residential and business customers. The Company’s segments include Business and Consumer. Its communications services include local and long-distance voice, high-speed Internet, Multi-Protocol Label Switching (MPLS), private line (including special access), data integration, Ethernet, colocation, managed hosting (including cloud hosting), network, public access, video, wireless and other ancillary services.
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