Rampart Investment Management Company LLC decreased its position in shares of Centurylink Inc (NYSE:CTL) by 25.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,937 shares of the technology company’s stock after selling 17,378 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Centurylink were worth $587,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of CTL. First Trust Advisors LP lifted its holdings in Centurylink by 312.5% during the 2nd quarter. First Trust Advisors LP now owns 17,971,928 shares of the technology company’s stock worth $211,350,000 after buying an additional 13,615,102 shares in the last quarter. BlackRock Inc. lifted its holdings in Centurylink by 5.3% during the 2nd quarter. BlackRock Inc. now owns 91,381,667 shares of the technology company’s stock worth $1,074,649,000 after buying an additional 4,592,314 shares in the last quarter. ACR Alpine Capital Research LLC lifted its holdings in Centurylink by 63.4% during the 1st quarter. ACR Alpine Capital Research LLC now owns 10,177,422 shares of the technology company’s stock worth $122,027,000 after buying an additional 3,950,360 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Centurylink by 52.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 5,843,769 shares of the technology company’s stock worth $68,723,000 after buying an additional 2,021,983 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Centurylink by 82.4% during the 1st quarter. Wells Fargo & Company MN now owns 3,151,845 shares of the technology company’s stock worth $37,790,000 after buying an additional 1,423,837 shares in the last quarter. 73.30% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on the company. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Centurylink in a report on Friday, September 13th. Wells Fargo & Co set a $14.00 price objective on Centurylink and gave the stock a “buy” rating in a report on Monday, August 12th. Raymond James raised Centurylink from an “underperform” rating to a “market perform” rating in a research note on Thursday, August 8th. Finally, Guggenheim set a $10.00 price target on Centurylink and gave the company a “hold” rating in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $14.59.
Shares of CTL stock traded up $0.01 during trading hours on Thursday, reaching $12.80. The company had a trading volume of 284,642 shares, compared to its average volume of 11,091,451. The company has a 50 day moving average of $11.69 and a 200 day moving average of $11.57. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market cap of $14.05 billion, a price-to-earnings ratio of 10.77, a P/E/G ratio of 0.91 and a beta of 0.83. Centurylink Inc has a 1-year low of $9.64 and a 1-year high of $23.23.
Centurylink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. The company had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.59 billion. Centurylink had a positive return on equity of 8.30% and a negative net margin of 34.77%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS. As a group, sell-side analysts forecast that Centurylink Inc will post 1.32 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, September 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date was Thursday, August 29th. Centurylink’s dividend payout ratio (DPR) is currently 84.03%.
Centurylink Company Profile
CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers in the United States and internationally. The company operates in two segments, Business and Consumer. It offers VPN data network services; Ethernet services; Internet protocol (IP) services; facilities-based Prism TV service, as well as satellite digital television services; CDN services; and Vyvx broadcast services.
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