LS Investment Advisors LLC lifted its holdings in Centurylink Inc (NYSE:CTL) by 17.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,321 shares of the technology company’s stock after acquiring an additional 7,942 shares during the period. LS Investment Advisors LLC’s holdings in Centurylink were worth $889,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank grew its holdings in Centurylink by 87.4% during the 4th quarter. Swiss National Bank now owns 3,553,334 shares of the technology company’s stock valued at $59,270,000 after purchasing an additional 1,656,793 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Centurylink by 82.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 28,667 shares of the technology company’s stock valued at $478,000 after purchasing an additional 12,969 shares in the last quarter. California Public Employees Retirement System grew its holdings in Centurylink by 44.3% during the 4th quarter. California Public Employees Retirement System now owns 3,012,145 shares of the technology company’s stock valued at $50,243,000 after purchasing an additional 925,273 shares in the last quarter. M&T Bank Corp grew its holdings in Centurylink by 18.4% during the 4th quarter. M&T Bank Corp now owns 60,978 shares of the technology company’s stock valued at $1,018,000 after purchasing an additional 9,464 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in Centurylink during the 4th quarter valued at $4,381,000. 85.59% of the stock is owned by institutional investors.
Centurylink Inc (CTL) traded down $0.06 during midday trading on Thursday, reaching $17.82. 6,670,000 shares of the company’s stock were exchanged, compared to its average volume of 12,960,000. Centurylink Inc has a 12-month low of $13.16 and a 12-month high of $27.61. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.59. The company has a market cap of $19,050.00, a P/E ratio of 34.27, a price-to-earnings-growth ratio of -10.49 and a beta of 0.79.
Centurylink (NYSE:CTL) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14). Centurylink had a net margin of 7.87% and a return on equity of 5.88%. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.69 billion. During the same quarter last year, the company earned $0.54 earnings per share. research analysts predict that Centurylink Inc will post 0.86 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Monday, March 5th will be given a $0.54 dividend. The ex-dividend date is Friday, March 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 12.12%. Centurylink’s payout ratio is currently 415.38%.
In other Centurylink news, Director Virginia Boulet purchased 5,095 shares of Centurylink stock in a transaction dated Monday, December 11th. The shares were bought at an average cost of $15.48 per share, for a total transaction of $78,870.60. Following the transaction, the director now owns 42,820 shares in the company, valued at approximately $662,853.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman William Bruce Hanks purchased 10,000 shares of Centurylink stock in a transaction dated Friday, December 8th. The stock was acquired at an average price of $14.41 per share, for a total transaction of $144,100.00. Following the completion of the transaction, the insider now owns 58,722 shares in the company, valued at approximately $846,184.02. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 150,595 shares of company stock worth $2,154,131. Insiders own 0.61% of the company’s stock.
CTL has been the subject of a number of recent analyst reports. Oppenheimer reaffirmed a “buy” rating and set a $20.00 price target on shares of Centurylink in a report on Tuesday, January 9th. UBS Group lowered their price target on shares of Centurylink from $29.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, November 9th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $26.00 price target on shares of Centurylink in a report on Thursday, November 9th. Bank of America lowered their price target on shares of Centurylink from $42.00 to $27.00 and set a “buy” rating for the company in a report on Friday, November 10th. Finally, ValuEngine upgraded shares of Centurylink from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $22.01.
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 Enterprise, 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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