Eagle Asset Management Inc. boosted its stake in CenturyLink, Inc. (NYSE:CTL) by 0.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 133,688 shares of the technology company’s stock after buying an additional 50 shares during the period. Eagle Asset Management Inc.’s holdings in CenturyLink were worth $3,151,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its position in shares of CenturyLink by 0.9% in the fourth quarter. State Street Corp now owns 30,864,205 shares of the technology company’s stock valued at $733,950,000 after buying an additional 271,764 shares in the last quarter. Wells Fargo & Company MN boosted its stake in CenturyLink by 150.5% in the first quarter. Wells Fargo & Company MN now owns 5,685,844 shares of the technology company’s stock valued at $134,016,000 after buying an additional 3,415,959 shares during the period. AQR Capital Management LLC boosted its stake in CenturyLink by 2.9% in the fourth quarter. AQR Capital Management LLC now owns 4,291,585 shares of the technology company’s stock valued at $102,054,000 after buying an additional 122,475 shares during the period. First Trust Advisors LP boosted its stake in CenturyLink by 14.4% in the first quarter. First Trust Advisors LP now owns 4,270,429 shares of the technology company’s stock valued at $100,654,000 after buying an additional 536,111 shares during the period. Finally, FMR LLC boosted its stake in CenturyLink by 53.3% in the fourth quarter. FMR LLC now owns 3,724,085 shares of the technology company’s stock valued at $88,559,000 after buying an additional 1,295,499 shares during the period. Hedge funds and other institutional investors own 77.49% of the company’s stock.
CenturyLink, Inc. (NYSE:CTL) opened at 25.72 on Friday. The stock has a market cap of $14.12 billion, a price-to-earnings ratio of 25.22 and a beta of 0.87. CenturyLink, Inc. has a 12 month low of $22.33 and a 12 month high of $33.45. The firm has a 50-day moving average price of $25.35 and a 200-day moving average price of $24.66.
CenturyLink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.53 by $0.01. The company had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.27 billion. CenturyLink had a net margin of 3.20% and a return on equity of 8.96%. The firm’s revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 earnings per share. Equities research analysts expect that CenturyLink, Inc. will post $2.11 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Monday, June 5th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 8.40%. The ex-dividend date was Thursday, June 1st. CenturyLink’s dividend payout ratio is currently 211.77%.
Several research firms recently weighed in on CTL. Jefferies Group LLC cut their price target on shares of CenturyLink from $26.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday, May 4th. Bank of America Corporation reiterated a “buy” rating on shares of CenturyLink in a report on Tuesday, May 9th. Morgan Stanley reiterated an “overweight” rating and issued a $27.00 price target on shares of CenturyLink in a report on Wednesday, March 29th. ValuEngine cut shares of CenturyLink from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Cowen and Company set a $25.00 price objective on CenturyLink and gave the company a “market perform” rating in a research report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. CenturyLink currently has a consensus rating of “Hold” and a consensus price target of $26.24.
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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