Cambridge Investment Research Advisors Inc. Has $1.94 Million Position in CenturyLink, Inc. (CTL)
Cambridge Investment Research Advisors Inc. decreased its position in shares of CenturyLink, Inc. (NYSE:CTL) by 6.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 81,379 shares of the technology company’s stock after selling 5,389 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in CenturyLink were worth $1,943,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the stock. Parkwood LLC boosted its stake in 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 during the period. Macquarie Group Ltd. boosted its stake in 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 during the period. Vanguard Group Inc. boosted its stake in 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 during the period. Wellington Shields & Co. LLC boosted its stake in 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 during the period. Finally, Affinity Investment Advisors LLC acquired a new stake in CenturyLink during the second quarter worth approximately $732,000. Hedge funds and other institutional investors own 83.00% of the company’s stock.
CenturyLink, Inc. (NYSE CTL) opened at 19.72 on Friday. The firm has a 50-day moving average of $21.77 and a 200-day moving average of $23.81. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of 28.58 and a beta of 0.87. CenturyLink, Inc. has a 1-year low of $18.41 and a 1-year high of $33.45.
CenturyLink (NYSE:CTL) last announced 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. The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.09 billion. CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. The business’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 EPS. Equities research analysts anticipate that CenturyLink, Inc. will post $1.95 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 10.95%. The ex-dividend date is Thursday, August 31st. CenturyLink’s payout ratio is 313.04%.
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A number of research 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 price target on the stock in a research note on Monday, May 8th. Cowen and Company raised their price target on shares of CenturyLink from $25.00 to $27.00 and gave the company a “market perform” rating in a research note on Wednesday, July 5th. Zacks Investment Research lowered shares of CenturyLink from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. BidaskClub lowered 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 issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $26.15.
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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