CenturyLink, Inc. (CTL) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in shares of CenturyLink, Inc. (NYSE:CTL) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,689,431 shares of the technology company’s stock after purchasing an additional 301,671 shares during the period. Dimensional Fund Advisors LP owned about 1.79% of CenturyLink worth $231,404,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Tredje AP fonden lifted its position in CenturyLink by 47.1% during the second quarter. Tredje AP fonden now owns 99,244 shares of the technology company’s stock valued at $2,370,000 after purchasing an additional 31,767 shares during the period. Swiss National Bank lifted its position in CenturyLink by 0.5% during the second quarter. Swiss National Bank now owns 1,902,241 shares of the technology company’s stock valued at $45,426,000 after purchasing an additional 9,400 shares during the period. Synovus Financial Corp lifted its position in CenturyLink by 20.3% during the second quarter. Synovus Financial Corp now owns 218,719 shares of the technology company’s stock valued at $5,242,000 after purchasing an additional 36,937 shares during the period. Front Street Capital Management Inc. lifted its position in CenturyLink by 94.2% during the second quarter. Front Street Capital Management Inc. now owns 95,448 shares of the technology company’s stock valued at $2,279,000 after purchasing an additional 46,305 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its position in CenturyLink by 13.4% during the second quarter. Oppenheimer & Co. Inc. now owns 482,866 shares of the technology company’s stock valued at $11,532,000 after purchasing an additional 57,202 shares during the period. Institutional investors own 83.04% of the company’s stock.

A number of brokerages recently weighed in on CTL. ValuEngine downgraded shares of CenturyLink from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub downgraded shares of CenturyLink from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Barclays PLC lowered their price objective on shares of CenturyLink from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Thursday, June 29th. UBS AG set a $29.00 price objective on shares of CenturyLink and gave the company a “buy” rating in a research report on Thursday, June 22nd. Finally, Cowen and Company increased their price objective on shares of CenturyLink from $25.00 to $27.00 and gave the company a “market perform” rating in a research report on Wednesday, July 5th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $26.15.

CenturyLink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.03). CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The business’s revenue was down 7.0% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 11.65%. The ex-dividend date was Thursday, August 31st. CenturyLink’s payout ratio is 313.04%.

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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.

Institutional Ownership by Quarter for CenturyLink (NYSE:CTL)

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