American Century Companies Inc. Has $34.28 Million Stake in CenturyLink, Inc. (CTL)
American Century Companies Inc. decreased its position in CenturyLink, Inc. (NYSE:CTL) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,435,480 shares of the technology company’s stock after selling 46,225 shares during the period. American Century Companies Inc. owned 0.27% of CenturyLink worth $34,279,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Parkwood LLC increased its position in shares of CenturyLink by 26.0% in the first quarter. Parkwood LLC now owns 53,087 shares of the technology company’s stock worth $1,251,000 after buying an additional 10,949 shares in the last quarter. First Manhattan Co. increased its position in shares of CenturyLink by 1.8% in the first quarter. First Manhattan Co. now owns 37,218 shares of the technology company’s stock worth $1,020,000 after buying an additional 645 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of CenturyLink by 69.8% in the fourth quarter. Macquarie Group Ltd. now owns 44,100 shares of the technology company’s stock worth $1,049,000 after buying an additional 18,124 shares in the last quarter. Vanguard Group Inc. increased its position in shares of CenturyLink by 19.4% in the first quarter. Vanguard Group Inc. now owns 46,767,917 shares of the technology company’s stock worth $1,102,321,000 after buying an additional 7,600,609 shares in the last quarter. Finally, Wellington Shields & Co. LLC increased its position in shares of CenturyLink by 1.1% in the second quarter. Wellington Shields & Co. LLC now owns 9,202 shares of the technology company’s stock worth $220,000 after buying an additional 99 shares in the last quarter. 83.00% of the stock is owned by institutional investors and hedge funds.
CenturyLink, Inc. (CTL) opened at 20.41 on Thursday. The stock’s 50 day moving average is $22.08 and its 200-day moving average is $23.93. The firm has a market capitalization of $11.22 billion, a PE ratio of 29.58 and a beta of 0.87. CenturyLink, Inc. has a one year low of $18.41 and a one year high of $33.45.
CenturyLink (NYSE:CTL) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the company earned $0.63 EPS. The business’s revenue was down 7.0% compared to the same quarter last year. On average, analysts anticipate that CenturyLink, Inc. will post $1.95 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $2.16 annualized dividend and a dividend yield of 10.58%. CenturyLink’s dividend payout ratio (DPR) is currently 313.04%.
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A number of equities analysts recently weighed in on CTL shares. Vetr raised shares of CenturyLink from a “buy” rating to a “strong-buy” rating and set a $27.12 target price for the company in a research note on Monday, May 8th. Cowen and Company lifted their target price on shares of CenturyLink from $25.00 to $27.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 5th. Zacks Investment Research downgraded shares of CenturyLink from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. BidaskClub downgraded shares of CenturyLink from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Finally, Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of CenturyLink in a research note on Monday, May 15th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $26.15.
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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