Oregon Public Employees Retirement Fund lowered its stake in CenturyLink Inc. (NYSE:CTL) by 34.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 124,635 shares of the company’s stock after selling 64,917 shares during the period. Oregon Public Employees Retirement Fund’s holdings in CenturyLink were worth $3,419,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC boosted its stake in CenturyLink by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 20,832 shares of the company’s stock valued at $604,000 after buying an additional 65 shares during the period. Washington Trust Bank boosted its stake in CenturyLink by 1.6% in the third quarter. Washington Trust Bank now owns 4,672 shares of the company’s stock valued at $128,000 after buying an additional 75 shares during the period. Synovus Financial Corp boosted its stake in CenturyLink by 0.5% in the second quarter. Synovus Financial Corp now owns 14,707 shares of the company’s stock valued at $429,000 after buying an additional 76 shares during the period. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in 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 valued at $500,000 after buying an additional 125 shares during the period. Finally, Carroll Financial Associates Inc. boosted its stake in CenturyLink by 2.1% in the second quarter. Carroll Financial Associates Inc. now owns 10,087 shares of the company’s stock valued at $292,000 after buying an additional 204 shares during the period. Institutional investors and hedge funds own 73.75% of the company’s stock.

Institutional Ownership by Quarter for CenturyLink (NYSE:CTL)

Shares of CenturyLink Inc. (NYSE:CTL) traded down 0.08% during mid-day trading on Monday, hitting $24.64. The stock had a trading volume of 7,507,284 shares. The firm has a market cap of $13.47 billion, a P/E ratio of 14.52 and a beta of 0.84. The company has a 50 day moving average price of $26.06 and a 200 day moving average price of $27.88. CenturyLink Inc. has a 12-month low of $21.94 and a 12-month high of $33.45.

CenturyLink (NYSE:CTL) last issued its earnings results on Wednesday, November 2nd. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $4.38 billion for the quarter. CenturyLink had a net margin of 5.22% and a return on equity of 10.48%. CenturyLink’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 earnings per share. Equities analysts forecast that CenturyLink Inc. will post $2.48 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 28th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $2.16 annualized dividend and a dividend yield of 8.73%. CenturyLink’s payout ratio is currently 127.06%.

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Several equities research analysts have recently commented on the company. Royal Bank Of Canada upped their price target on CenturyLink from $29.00 to $31.00 and gave the stock a “sector perform” rating in a research note on Monday, August 8th. Macquarie restated a “neutral” rating and set a $30.00 price target (down previously from $31.00) on shares of CenturyLink in a research note on Tuesday, September 13th. Vetr raised CenturyLink from a “sell” rating to a “hold” rating and set a $29.00 price objective on the stock in a report on Monday, August 8th. Oppenheimer Holdings Inc. raised CenturyLink from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a report on Tuesday, November 8th. Finally, Jefferies Group reaffirmed a “sell” rating and set a $20.00 price objective (down previously from $24.00) on shares of CenturyLink in a report on Tuesday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. CenturyLink presently has a consensus rating of “Hold” and an average target price of $28.26.

In other news, Director Harvey P. Perry sold 10,000 shares of CenturyLink stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $32.50, for a total transaction of $325,000.00. Following the completion of the transaction, the director now owns 77,607 shares of the company’s stock, valued at approximately $2,522,227.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David D. Cole sold 30,000 shares of CenturyLink stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $33.00, for a total value of $990,000.00. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

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.

5 Day Chart for NYSE:CTL

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