CenturyLink, Inc. (CTL) Shares Bought by AE Wealth Management LLC
AE Wealth Management LLC increased its position in CenturyLink, Inc. (NYSE:CTL) by 31.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,169 shares of the technology company’s stock after acquiring an additional 13,187 shares during the period. AE Wealth Management LLC’s holdings in CenturyLink were worth $1,043,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Reaves W H & Co. Inc. grew its holdings in shares of CenturyLink by 55.9% in the third quarter. Reaves W H & Co. Inc. now owns 2,449,268 shares of the technology company’s stock worth $46,291,000 after acquiring an additional 877,985 shares during the period. Sowell Financial Services LLC grew its holdings in shares of CenturyLink by 12.7% in the third quarter. Sowell Financial Services LLC now owns 94,206 shares of the technology company’s stock worth $1,682,000 after acquiring an additional 10,580 shares during the period. SG Americas Securities LLC grew its holdings in shares of CenturyLink by 329.4% in the third quarter. SG Americas Securities LLC now owns 539,282 shares of the technology company’s stock worth $10,192,000 after acquiring an additional 413,705 shares during the period. Carl Domino Inc bought a new stake in shares of CenturyLink in the third quarter worth $1,096,000. Finally, Kwmg LLC grew its holdings in shares of CenturyLink by 9.4% in the third quarter. Kwmg LLC now owns 69,755 shares of the technology company’s stock worth $1,318,000 after acquiring an additional 5,968 shares during the period. 82.32% of the stock is owned by institutional investors.
CTL has been the subject of several research analyst reports. BidaskClub raised CenturyLink from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Cowen and Company reissued a “neutral” rating on shares of CenturyLink in a report on Monday, August 14th. ValuEngine raised CenturyLink from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Morgan Stanley cut their price target on CenturyLink from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, August 23rd. Finally, Zacks Investment Research lowered CenturyLink from a “hold” rating to a “strong sell” rating in a report on Friday, August 25th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. CenturyLink currently has an average rating of “Hold” and a consensus target price of $23.07.
Shares of CenturyLink, Inc. (NYSE:CTL) traded down $0.03 during trading on Monday, hitting $14.77. The stock had a trading volume of 4,087,249 shares, compared to its average volume of 10,425,388. CenturyLink, Inc. has a fifty-two week low of $14.06 and a fifty-two week high of $27.61. The stock has a market capitalization of $15,820.00, a P/E ratio of 7.63, a price-to-earnings-growth ratio of -4.60 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 (NYSE:CTL) last posted its earnings results on Wednesday, November 8th. The technology company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The firm had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $4.06 billion. CenturyLink had a return on equity of 2.83% and a net margin of 2.28%. CenturyLink’s quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share. analysts forecast that CenturyLink, Inc. will post 1.61 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be given a $0.54 dividend. The ex-dividend date is Friday, November 24th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 14.62%. CenturyLink’s dividend payout ratio is currently 372.41%.
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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