Private Advisor Group LLC increased its holdings in shares of CenturyLink, Inc. (NYSE:CTL) by 18.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,525 shares of the technology company’s stock after purchasing an additional 8,651 shares during the quarter. Private Advisor Group LLC’s holdings in CenturyLink were worth $1,135,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in CTL. Patriot Financial Group Insurance Agency LLC boosted its holdings in CenturyLink by 178.6% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 6,684 shares of the technology company’s stock worth $134,000 after purchasing an additional 4,285 shares during the last quarter. Blue Granite Capital LLC acquired a new stake in CenturyLink in the third quarter valued at $136,000. Tower Research Capital LLC TRC acquired a new stake in CenturyLink in the second quarter valued at $197,000. IFC Holdings Incorporated FL acquired a new stake in CenturyLink in the third quarter valued at $201,000. Finally, WealthPLAN Partners LLC lifted its stake in CenturyLink by 5,660.0% in the second quarter. WealthPLAN Partners LLC now owns 8,640 shares of the technology company’s stock valued at $206,000 after acquiring an additional 8,490 shares during the last quarter. Institutional investors and hedge funds own 82.32% of the company’s stock.
In related news, CEO Glen F. Post III acquired 50,000 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were bought at an average cost of $14.17 per share, with a total value of $708,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Martha Helena Bejar purchased 7,000 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average cost of $14.28 per share, for a total transaction of $99,960.00. The disclosure for this purchase can be found here. Insiders bought 145,500 shares of company stock worth $2,075,260 over the last three months. Insiders own 0.61% of the company’s stock.
A number of analysts have commented on CTL shares. Jefferies Group cut their price target on shares of CenturyLink to $17.00 and set a “hold” rating for the company in a research note on Thursday, November 9th. Oppenheimer cut their price target on shares of CenturyLink from $28.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, November 10th. Deutsche Bank reiterated a “hold” rating and issued a $16.00 price target on shares of CenturyLink in a research note on Thursday, November 9th. Zacks Investment Research upgraded shares of CenturyLink from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $25.00 price target on shares of CenturyLink in a research note on Wednesday, November 1st. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $23.07.
CenturyLink, Inc. (CTL) opened at $14.67 on Friday. The firm has a market cap of $15,072.94, a PE ratio of 7.27, a PEG ratio of -4.41 and a beta of 0.79. CenturyLink, Inc. has a 1 year low of $13.16 and a 1 year high of $27.61. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.82 and a quick ratio of 0.82.
CenturyLink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). The company 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%. CenturyLink’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 earnings per share. sell-side analysts predict that CenturyLink, Inc. will post 1.6 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 14.72%. The ex-dividend date is Friday, November 24th. CenturyLink’s payout ratio is presently 372.42%.
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.
Want to see what other hedge funds are holding CTL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CenturyLink, Inc. (NYSE:CTL).
Receive News & Ratings for CenturyLink Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenturyLink Inc. and related companies with MarketBeat.com's FREE daily email newsletter.