Municipal Employees Retirement System of Michigan trimmed its position in shares of CenturyLink, Inc. (NYSE:CTL) by 11.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,390 shares of the technology company’s stock after selling 3,330 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in CenturyLink were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. New York State Common Retirement Fund lifted its position in shares of CenturyLink by 2.4% during the third quarter. New York State Common Retirement Fund now owns 1,174,510 shares of the technology company’s stock worth $22,198,000 after purchasing an additional 27,000 shares in the last quarter. Summit Financial Wealth Advisors LLC lifted its holdings in CenturyLink by 110.3% in the third quarter. Summit Financial Wealth Advisors LLC now owns 50,554 shares of the technology company’s stock valued at $955,000 after buying an additional 26,512 shares during the period. Retirement Systems of Alabama lifted its holdings in CenturyLink by 46.8% in the third quarter. Retirement Systems of Alabama now owns 390,681 shares of the technology company’s stock valued at $7,384,000 after buying an additional 124,587 shares during the period. FDx Advisors Inc. lifted its holdings in CenturyLink by 32.9% in the third quarter. FDx Advisors Inc. now owns 95,521 shares of the technology company’s stock valued at $1,805,000 after buying an additional 23,646 shares during the period. Finally, Global X MANAGEMENT CO LLC lifted its holdings in CenturyLink by 17.1% in the third quarter. Global X MANAGEMENT CO LLC now owns 441,440 shares of the technology company’s stock valued at $8,343,000 after buying an additional 64,432 shares during the period. 82.32% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of CenturyLink from a “hold” rating to a “sell” rating in a report on Friday, August 11th. ValuEngine raised shares of CenturyLink from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Jefferies Group reaffirmed a “hold” rating and issued a $22.00 target price on shares of CenturyLink in a research note on Tuesday, October 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $25.00 target price on shares of CenturyLink in a research note on Monday, September 18th. Finally, Zacks Investment Research downgraded shares of CenturyLink from a “hold” rating to a “strong sell” rating in a research note on Friday, August 25th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.07.

Shares of CenturyLink, Inc. (CTL) opened at $14.39 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.92. CenturyLink, Inc. has a 12-month low of $13.16 and a 12-month high of $27.61. The stock has a market cap of $15,831.94, a price-to-earnings ratio of 7.63, a PEG ratio of -4.63 and a beta of 0.79.

CenturyLink (NYSE:CTL) last released its earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $4.06 billion. CenturyLink had a net margin of 1.89% and a return on equity of 7.99%. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period last year, the business posted $0.56 EPS. research analysts expect that CenturyLink, Inc. will post 1.6 EPS for the current fiscal year.

The firm 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. This represents a $2.16 dividend on an annualized basis and a yield of 15.01%. The ex-dividend date of this dividend is Friday, November 24th. CenturyLink’s dividend payout ratio (DPR) is currently 372.42%.

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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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Institutional Ownership by Quarter for CenturyLink (NYSE:CTL)

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