Quantitative Systematic Strategies LLC bought a new position in shares of CenturyLink Inc. (NYSE:CTL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 31,632 shares of the company’s stock, valued at approximately $903,000.
Other large investors have also recently modified their holdings of the company. PGGM Investments raised its position in shares of CenturyLink by 10.0% in the second quarter. PGGM Investments now owns 1,462,121 shares of the company’s stock worth $42,416,000 after buying an additional 132,536 shares during the period. Panagora Asset Management Inc. raised its position in shares of CenturyLink by 32.1% in the first quarter. Panagora Asset Management Inc. now owns 2,511,649 shares of the company’s stock worth $80,272,000 after buying an additional 610,495 shares during the period. Springbok Capital Management LLC bought a new position in shares of CenturyLink during the first quarter worth approximately $340,000. Shell Asset Management Co. raised its position in shares of CenturyLink by 23.5% in the second quarter. Shell Asset Management Co. now owns 95,313 shares of the company’s stock worth $2,765,000 after buying an additional 18,135 shares during the period. Finally, State Street Corp raised its position in shares of CenturyLink by 0.6% in the first quarter. State Street Corp now owns 30,716,866 shares of the company’s stock worth $981,706,000 after buying an additional 171,326 shares during the period. 73.33% of the stock is currently owned by institutional investors.
Shares of CenturyLink Inc. (NYSE:CTL) traded down 0.90% during trading on Tuesday, reaching $27.59. 1,862,125 shares of the company traded hands. The firm’s 50-day moving average is $27.78 and its 200-day moving average is $29.15. CenturyLink Inc. has a 12-month low of $21.94 and a 12-month high of $32.94. The stock has a market capitalization of $15.06 billion, a PE ratio of 15.45 and a beta of 0.80.
CenturyLink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. CenturyLink had a net margin of 5.47% and a return on equity of 11.02%. The company had revenue of $440 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts predict that CenturyLink Inc. will post $2.53 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 7.76%. The ex-dividend date was Wednesday, August 31st. CenturyLink’s dividend payout ratio (DPR) is currently 120.67%.
A number of brokerages recently commented on CTL. Morgan Stanley lowered shares of CenturyLink from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $31.00 to $27.00 in a research note on Monday, July 18th. Vetr upgraded shares of CenturyLink from a “sell” rating to a “hold” rating and set a $29.67 price target on the stock in a research note on Tuesday, July 12th. Zacks Investment Research lowered shares of CenturyLink from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Macquarie initiated coverage on shares of CenturyLink in a research note on Monday, July 11th. They issued a “neutral” rating and a $31.00 price target on the stock. Finally, RBC Capital Markets restated a “sector perform” rating and set a $31.00 target price (up previously from $29.00) on shares of CenturyLink in a research report on Wednesday, August 10th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. CenturyLink presently has an average rating of “Hold” and a consensus price target of $28.37.
In other news, Director Harvey P. Perry sold 20,000 shares of the business’s 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 SEC, which is available at the SEC website. 0.61% of the stock is currently owned by insiders.
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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