LSV Asset Management maintained its stake in CenturyLink, Inc. (NYSE:CTL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 815,690 shares of the technology company’s stock at the end of the 2nd quarter. LSV Asset Management owned 0.15% of CenturyLink worth $19,478,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of CTL. Vanguard Group Inc. lifted its stake in shares of CenturyLink by 19.4% during the 1st quarter. Vanguard Group Inc. now owns 46,767,917 shares of the technology company’s stock worth $1,102,321,000 after purchasing an additional 7,600,609 shares during the last quarter. Thornburg Investment Management Inc. lifted its stake in shares of CenturyLink by 107.8% during the 1st quarter. Thornburg Investment Management Inc. now owns 6,521,497 shares of the technology company’s stock worth $153,712,000 after purchasing an additional 3,383,155 shares during the last quarter. Pioneer Investment Management Inc. lifted its stake in shares of CenturyLink by 1,012.9% during the 2nd quarter. Pioneer Investment Management Inc. now owns 3,516,501 shares of the technology company’s stock worth $83,974,000 after purchasing an additional 3,200,538 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in shares of CenturyLink during the 2nd quarter worth $36,718,000. Finally, RidgeWorth Capital Management LLC lifted its stake in shares of CenturyLink by 110.4% during the 1st quarter. RidgeWorth Capital Management LLC now owns 2,464,222 shares of the technology company’s stock worth $58,082,000 after purchasing an additional 1,293,150 shares during the last quarter. Hedge funds and other institutional investors own 83.02% of the company’s stock.
Shares of CenturyLink, Inc. (NYSE:CTL) opened at 19.11 on Wednesday. The firm has a 50-day moving average price of $21.07 and a 200-day moving average price of $23.56. CenturyLink, Inc. has a 1-year low of $18.19 and a 1-year high of $33.45. The stock has a market capitalization of $10.50 billion, a PE ratio of 27.70 and a beta of 0.89.
CenturyLink (NYSE:CTL) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.09 billion. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The company’s revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 earnings per share. On average, equities research analysts forecast that CenturyLink, Inc. will post $1.95 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.54 per share. The ex-dividend date is Thursday, August 31st. This represents a $2.16 annualized dividend and a dividend yield of 11.30%. CenturyLink’s dividend payout ratio is currently 313.04%.
CTL has been the subject of a number of analyst reports. ValuEngine cut CenturyLink from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Barclays PLC decreased their price objective on CenturyLink from $24.00 to $23.00 and set an “underweight” rating for the company in a research note on Thursday, June 29th. Cowen and Company upped their price objective on CenturyLink from $25.00 to $27.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 5th. BidaskClub cut CenturyLink from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Morgan Stanley decreased their price objective on CenturyLink from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, August 23rd. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $26.15.
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.
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