Captrust Financial Advisors acquired a new stake in shares of CenturyLink, Inc. (NYSE:CTL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 57,670 shares of the technology company’s stock, valued at approximately $1,377,000.
Several other institutional investors and hedge funds have also modified their holdings of the company. Eaton Vance Management lifted its holdings in shares of CenturyLink by 0.5% during the 2nd quarter. Eaton Vance Management now owns 12,640 shares of the technology company’s stock valued at $302,000 after purchasing an additional 57 shares during the last quarter. Cleararc Capital Inc. lifted its holdings in shares of CenturyLink by 0.7% during the 1st quarter. Cleararc Capital Inc. now owns 13,386 shares of the technology company’s stock valued at $316,000 after purchasing an additional 93 shares during the last quarter. Wellington Shields & Co. LLC lifted its holdings in shares of CenturyLink by 1.1% during the 2nd quarter. Wellington Shields & Co. LLC now owns 9,202 shares of the technology company’s stock valued at $220,000 after purchasing an additional 99 shares during the last quarter. First Manhattan Co. lifted its holdings in shares of CenturyLink by 0.3% during the 2nd quarter. First Manhattan Co. now owns 37,199 shares of the technology company’s stock valued at $888,000 after purchasing an additional 126 shares during the last quarter. Finally, Ffcm LLC lifted its holdings in shares of CenturyLink by 0.8% during the 1st quarter. Ffcm LLC now owns 24,717 shares of the technology company’s stock valued at $583,000 after purchasing an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 83.02% of the company’s stock.
Several analysts have recently commented on CTL shares. Royal Bank Of Canada reiterated a “hold” rating and set a $25.00 price objective on shares of CenturyLink in a report on Thursday, May 25th. ValuEngine lowered CenturyLink from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub lowered CenturyLink from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. UBS AG set a $29.00 price objective on CenturyLink and gave the company a “buy” rating in a report on Thursday, June 22nd. Finally, Barclays PLC decreased their price objective on CenturyLink from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Thursday, June 29th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $26.15.
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Shares of CenturyLink, Inc. (NYSE:CTL) traded down 0.4385% during trading on Wednesday, reaching $19.0262. The company had a trading volume of 8,892,040 shares. The firm has a market capitalization of $10.46 billion, a PE ratio of 27.5742 and a beta of 0.89. The firm has a 50-day moving average of $21.07 and a 200 day moving average of $23.56. CenturyLink, Inc. has a 1-year low of $18.19 and a 1-year high of $33.45.
CenturyLink (NYSE:CTL) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the company earned $0.63 EPS. The business’s revenue was down 7.0% on a year-over-year basis. Analysts expect that CenturyLink, Inc. will post $1.95 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $2.16 annualized dividend and a yield of 11.30%. CenturyLink’s dividend payout ratio is presently 313.04%.
CenturyLink Company Profile
CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. Its segments include business, which provides strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and consumer, which provides strategic and legacy products and services to residential customers.
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