CenturyLink Inc. (CTL) Stake Lowered by Green Square Capital LLC
Green Square Capital LLC lowered its position in CenturyLink Inc. (NYSE:CTL) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 203,762 shares of the company’s stock after selling 1,521 shares during the period. CenturyLink makes up about 1.5% of Green Square Capital LLC’s investment portfolio, making the stock its 12th largest position. Green Square Capital LLC’s holdings in CenturyLink were worth $5,911,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in CTL. Investors Asset Management of Georgia Inc. GA ADV boosted its position in CenturyLink by 0.7% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 17,249 shares of the company’s stock worth $500,000 after buying an additional 125 shares in the last quarter. Carroll Financial Associates Inc. raised its stake in shares of CenturyLink by 2.1% in the second quarter. Carroll Financial Associates Inc. now owns 10,087 shares of the company’s stock worth $292,000 after buying an additional 204 shares during the last quarter. Bollard Group LLC raised its stake in shares of CenturyLink by 1.6% in the second quarter. Bollard Group LLC now owns 13,192 shares of the company’s stock worth $383,000 after buying an additional 213 shares during the last quarter. First Manhattan Co. raised its stake in shares of CenturyLink by 0.6% in the second quarter. First Manhattan Co. now owns 39,955 shares of the company’s stock worth $1,159,000 after buying an additional 220 shares during the last quarter. Finally, Monetary Management Group Inc. raised its stake in shares of CenturyLink by 4.0% in the first quarter. Monetary Management Group Inc. now owns 6,500 shares of the company’s stock worth $208,000 after buying an additional 250 shares during the last quarter. 73.32% of the stock is owned by hedge funds and other institutional investors.
CenturyLink Inc. (NYSE:CTL) traded up 0.64% during mid-day trading on Wednesday, reaching $26.92. 4,296,810 shares of the company’s stock traded hands. CenturyLink Inc. has a 52 week low of $21.94 and a 52 week high of $32.94. The stock has a market capitalization of $14.70 billion, a PE ratio of 15.07 and a beta of 0.80. The stock’s 50 day moving average is $28.70 and its 200-day moving average is $29.56.
CenturyLink (NYSE:CTL) last announced its earnings results on Wednesday, August 3rd. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.04. The company earned $440 billion during the quarter, compared to analyst estimates of $4.39 billion. CenturyLink had a net margin of 5.47% and a return on equity of 11.02%. CenturyLink’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 earnings per share. On average, equities analysts anticipate that CenturyLink Inc. will post $2.53 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 8.02%. The ex-dividend date of this dividend was Wednesday, August 31st. CenturyLink’s dividend payout ratio (DPR) is presently 120.67%.
A number of brokerages recently weighed in on CTL. Morgan Stanley lowered shares of CenturyLink from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $31.00 to $27.00 in a report on Monday, July 18th. Vetr upgraded shares of CenturyLink from a “sell” rating to a “hold” rating and set a $29.67 price objective for the company in a report on Tuesday, July 12th. Zacks Investment Research lowered shares of CenturyLink from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Macquarie began coverage on shares of CenturyLink in a report on Monday, July 11th. They set a “neutral” rating and a $31.00 price objective for the company. Finally, RBC Capital Markets reiterated a “sector perform” rating and set a $31.00 price objective (up previously from $29.00) on shares of CenturyLink in a report on Wednesday, August 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $28.37.
In other CenturyLink news, Director Harvey P. Perry sold 20,000 shares of the stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $31.00, for a total transaction of $620,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.61% of the company’s stock.
CenturyLink Company Profile
CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to residential and business customers. The Company’s segments include Business and Consumer. Its communications services include local and long-distance voice, high-speed Internet, Multi-Protocol Label Switching (MPLS), private line (including special access), data integration, Ethernet, colocation, managed hosting (including cloud hosting), network, public access, video, wireless and other ancillary services.
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