Valeo Financial Advisors LLC Acquires Shares of 15,080 CenturyLink, Inc. (CTL)
Valeo Financial Advisors LLC acquired a new position in CenturyLink, Inc. (NYSE:CTL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,080 shares of the technology company’s stock, valued at approximately $285,000.
Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in CenturyLink by 22.6% during the second quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock valued at $1,369,547,000 after buying an additional 10,583,246 shares during the period. Dimensional Fund Advisors LP grew its position in CenturyLink by 6.2% during the third quarter. Dimensional Fund Advisors LP now owns 10,289,893 shares of the technology company’s stock valued at $194,498,000 after buying an additional 600,462 shares during the period. Northern Trust Corp grew its position in CenturyLink by 1.4% during the second quarter. Northern Trust Corp now owns 6,978,167 shares of the technology company’s stock valued at $166,639,000 after buying an additional 95,821 shares during the period. Capital World Investors acquired a new stake in CenturyLink during the second quarter valued at $142,086,000. Finally, Epoch Investment Partners Inc. grew its position in CenturyLink by 11.0% during the third quarter. Epoch Investment Partners Inc. now owns 5,521,373 shares of the technology company’s stock valued at $104,354,000 after buying an additional 546,435 shares during the period. Hedge funds and other institutional investors own 82.32% of the company’s stock.
CenturyLink, Inc. (NYSE:CTL) opened at $16.20 on Wednesday. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $16,965.08, a PE ratio of 8.18, a PEG ratio of -4.96 and a beta of 0.79. CenturyLink, Inc. has a 52 week low of $13.16 and a 52 week high of $27.61.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 27th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 13.34%. The ex-dividend date was Friday, November 24th. CenturyLink’s dividend payout ratio is currently 372.42%.
CTL has been the topic of several analyst reports. Jefferies Group dropped their price target on shares of CenturyLink to $17.00 and set a “hold” rating on the stock in a research report on Thursday, November 9th. Oppenheimer dropped their price target on shares of CenturyLink from $28.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th. Deutsche Bank restated a “hold” rating and set a $16.00 price target on shares of CenturyLink in a research report on Thursday, November 9th. Zacks Investment Research upgraded shares of CenturyLink from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Finally, SunTrust Banks restated 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 assigned a buy rating and one has issued a strong buy rating to the company. CenturyLink presently has an average rating of “Hold” and an average target price of $23.07.
In other CenturyLink news, Director Virginia Boulet purchased 5,095 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were purchased at an average cost of $15.48 per share, with a total value of $78,870.60. Following the completion of the purchase, the director now owns 42,820 shares in the company, valued at approximately $662,853.60. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Martha Helena Bejar purchased 7,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was acquired at an average cost of $14.28 per share, for a total transaction of $99,960.00. Following the completion of the purchase, the director now owns 25,991 shares of the company’s stock, valued at approximately $371,151.48. The disclosure for this purchase can be found here. Over the last three months, insiders bought 150,595 shares of company stock worth $2,154,131. Insiders own 0.61% of the company’s stock.
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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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