Stratos Wealth Partners LTD. lessened its holdings in shares of CenturyLink, Inc. (NYSE:CTL) by 62.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,237 shares of the technology company’s stock after selling 105,225 shares during the period. Stratos Wealth Partners LTD.’s holdings in CenturyLink were worth $1,195,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of CenturyLink by 22.6% during the 2nd 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 in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of CenturyLink by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,689,431 shares of the technology company’s stock valued at $231,404,000 after buying an additional 301,671 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of CenturyLink by 1.4% during the 2nd 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 in the last quarter. Capital World Investors purchased a new position in shares of CenturyLink in the 2nd quarter worth about $142,086,000. Finally, Epoch Investment Partners Inc. raised its position in shares of CenturyLink by 5.2% in the 2nd quarter. Epoch Investment Partners Inc. now owns 4,974,938 shares of the technology company’s stock worth $118,801,000 after purchasing an additional 244,347 shares during the last quarter. Hedge funds and other institutional investors own 81.74% of the company’s stock.
Several equities analysts have recently issued reports on CTL shares. ValuEngine raised CenturyLink from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research raised CenturyLink from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $25.00 price target on shares of CenturyLink in a research report on Wednesday, November 1st. Barclays PLC lowered their price target on CenturyLink from $23.00 to $19.00 and set an “underweight” rating for the company in a research report on Wednesday, October 4th. Finally, Jefferies Group LLC lowered their price target on CenturyLink to $17.00 and set a “hold” rating for the company in a research report on Thursday, November 9th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $23.07.
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Shares of CenturyLink, Inc. (NYSE CTL) traded down $0.03 during trading hours on Friday, hitting $14.75. The company had a trading volume of 13,027,600 shares, compared to its average volume of 10,414,333. The company has a market cap of $15,830.00, a P/E ratio of 7.62, a PEG ratio of -4.66 and a beta of 0.88. 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 52 week low of $14.06 and a 52 week high of $27.61.
CenturyLink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). The company had revenue of $4.03 billion for 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 company’s revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 earnings per share. research analysts predict that CenturyLink, Inc. will post 1.59 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be paid a $0.54 dividend. The ex-dividend date is Friday, November 24th. This represents a $2.16 annualized dividend and a yield of 14.64%. CenturyLink’s payout ratio is 372.41%.
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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