Teachers Retirement System of The State of Kentucky lifted its stake in shares of Centurylink Inc (NYSE:CTL) by 77.0% in the 4th quarter, HoldingsChannel reports. The fund owned 108,161 shares of the technology company’s stock after acquiring an additional 47,058 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Centurylink were worth $1,804,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CTL. Standard Life Aberdeen plc boosted its stake in Centurylink by 1,216.8% during the 4th quarter. Standard Life Aberdeen plc now owns 6,682,023 shares of the technology company’s stock valued at $111,491,000 after purchasing an additional 6,174,561 shares during the period. Geode Capital Management LLC boosted its stake in Centurylink by 82.4% during the 4th quarter. Geode Capital Management LLC now owns 10,371,954 shares of the technology company’s stock valued at $172,650,000 after purchasing an additional 4,685,323 shares during the period. ACR Alpine Capital Research LLC bought a new stake in Centurylink during the 4th quarter valued at approximately $70,510,000. Beck Mack & Oliver LLC boosted its stake in Centurylink by 352.4% during the 4th quarter. Beck Mack & Oliver LLC now owns 4,265,697 shares of the technology company’s stock valued at $71,152,000 after purchasing an additional 3,322,807 shares during the period. Finally, West Family Investments Inc. bought a new stake in Centurylink during the 4th quarter valued at approximately $42,435,000. Institutional investors own 86.06% of the company’s stock.
Centurylink Inc (CTL) opened at $16.68 on Tuesday. Centurylink Inc has a twelve month low of $13.16 and a twelve 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 stock has a market capitalization of $18,326.74, a P/E ratio of 9.48, a PEG ratio of -9.95 and a beta of 0.79.
Centurylink (NYSE:CTL) last issued its earnings results on Wednesday, February 14th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14). Centurylink had a return on equity of 5.88% and a net margin of 7.87%. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.69 billion. During the same period in the previous year, the company posted $0.54 earnings per share. research analysts predict that Centurylink Inc will post 0.86 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Monday, March 5th were issued a $0.54 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 12.95%. Centurylink’s payout ratio is presently 122.73%.
Several equities analysts have commented on CTL shares. Cowen set a $19.00 price target on Centurylink and gave the company a “hold” rating in a report on Thursday, February 15th. Zacks Investment Research cut Centurylink from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Barclays reaffirmed a “hold” rating and issued a $17.00 price target on shares of Centurylink in a report on Friday, February 16th. Bank of America set a $27.00 price target on Centurylink and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Guggenheim started coverage on Centurylink in a report on Tuesday, March 13th. They issued a “neutral” rating and a $17.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eight 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 stock presently has a consensus rating of “Hold” and a consensus price target of $21.65.
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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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