Sowell Financial Services LLC Purchases 10,580 Shares of CenturyLink, Inc. (CTL)
Sowell Financial Services LLC lifted its position in shares of CenturyLink, Inc. (NYSE:CTL) by 12.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,206 shares of the technology company’s stock after purchasing an additional 10,580 shares during the period. Sowell Financial Services LLC’s holdings in CenturyLink were worth $1,682,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in shares of CenturyLink by 329.4% during the third quarter. SG Americas Securities LLC now owns 539,282 shares of the technology company’s stock worth $10,192,000 after purchasing an additional 413,705 shares in the last quarter. Carl Domino Inc acquired a new stake in CenturyLink in the third quarter valued at $1,096,000. Kwmg LLC raised its holdings in CenturyLink by 9.4% in the third quarter. Kwmg LLC now owns 69,755 shares of the technology company’s stock valued at $1,318,000 after acquiring an additional 5,968 shares in the last quarter. Comerica Bank raised its holdings in CenturyLink by 2.9% in the third quarter. Comerica Bank now owns 146,352 shares of the technology company’s stock valued at $2,692,000 after acquiring an additional 4,101 shares in the last quarter. Finally, Wellington Shields Capital Management LLC raised its holdings in CenturyLink by 34.3% in the third quarter. Wellington Shields Capital Management LLC now owns 45,395 shares of the technology company’s stock valued at $858,000 after acquiring an additional 11,597 shares in the last quarter. 81.74% of the stock is currently owned by institutional investors and hedge funds.
CenturyLink, Inc. (CTL) traded up $0.01 during trading on Friday, hitting $14.74. 5,300,000 shares of the stock traded hands, compared to its average volume of 16,770,000. The company has a market capitalization of $15,760.00, a price-to-earnings ratio of 7.62, a P/E/G ratio of -4.66 and a beta of 0.88. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.92. CenturyLink, Inc. has a fifty-two week low of $14.06 and a fifty-two week high of $27.61.
CenturyLink (NYSE:CTL) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.03). The firm had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $4.06 billion. CenturyLink had a return on equity of 7.99% and a net margin of 1.89%. The firm’s revenue was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 EPS. research analysts expect that CenturyLink, Inc. will post 1.59 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, November 24th. This represents a $2.16 annualized dividend and a dividend yield of 14.65%. CenturyLink’s dividend payout ratio is currently 372.41%.
Several analysts recently issued reports on the stock. UBS AG cut their price target on shares of CenturyLink from $29.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, November 9th. Cowen and Company reaffirmed a “hold” rating and issued a $24.00 price target on shares of CenturyLink in a report on Thursday, October 19th. Bank of America Corporation cut their price target on shares of CenturyLink from $42.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Zacks Investment Research cut shares of CenturyLink from a “hold” rating to a “strong sell” rating in a report on Friday, August 25th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $16.00 price target on shares of CenturyLink in a report on Thursday, November 9th. Five research 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 an average rating of “Hold” and a consensus target price of $23.07.
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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