CenturyLink, Inc. (CTL) Holdings Cut by American Century Companies Inc.
American Century Companies Inc. lowered its stake in shares of CenturyLink, Inc. (NYSE:CTL) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,300,248 shares of the technology company’s stock after selling 135,232 shares during the period. American Century Companies Inc. owned approximately 0.24% of CenturyLink worth $24,575,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Endurance Wealth Management Inc. boosted its holdings in CenturyLink by 18.5% during the second quarter. Endurance Wealth Management Inc. now owns 4,650 shares of the technology company’s stock worth $111,000 after buying an additional 725 shares during the last quarter. Exane Derivatives boosted its holdings in CenturyLink by 27.6% during the second quarter. Exane Derivatives now owns 6,645 shares of the technology company’s stock worth $159,000 after buying an additional 1,436 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in CenturyLink by 178.6% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 6,684 shares of the technology company’s stock worth $134,000 after buying an additional 4,285 shares during the last quarter. Blue Granite Capital LLC bought a new position in CenturyLink during the third quarter worth about $136,000. Finally, Tower Research Capital LLC TRC bought a new position in CenturyLink during the second quarter worth about $197,000. Hedge funds and other institutional investors own 81.74% of the company’s stock.
CTL has been the topic of a number of research analyst reports. Jefferies Group LLC dropped their price target on CenturyLink to $17.00 and set a “hold” rating on the stock in a research report on Thursday, November 9th. Oppenheimer Holdings, Inc. dropped their price target on CenturyLink from $28.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th. raised CenturyLink from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Deutsche Bank AG reaffirmed a “hold” rating and set a $16.00 price target on shares of CenturyLink in a research report on Thursday, November 9th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $25.00 price target on shares of CenturyLink in a research report on Wednesday, November 1st. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. CenturyLink has a consensus rating of “Hold” and a consensus target price of $23.07.
Shares of CenturyLink, Inc. (NYSE:CTL) opened at $14.40 on Wednesday. CenturyLink, Inc. has a 1 year low of $14.31 and a 1 year high of $27.61. The stock has a market capitalization of $8,425.51, a P/E ratio of 7.90, a P/E/G ratio of -4.81 and a beta of 0.88. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.82 and a quick ratio of 0.82.
CenturyLink (NYSE:CTL) last announced its earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). CenturyLink had a net margin of 1.89% and a return on equity of 7.99%. The firm had revenue of $4.03 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same period in the prior year, the business posted $0.56 EPS. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year. equities analysts expect that CenturyLink, Inc. will post 1.59 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 15.00%. CenturyLink’s dividend payout ratio (DPR) is 372.42%.
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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