CenturyLink, Inc. (CTL) Holdings Cut by ProShare Advisors LLC
ProShare Advisors LLC lowered its stake in shares of CenturyLink, Inc. (NYSE:CTL) by 9.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,493 shares of the technology company’s stock after selling 10,730 shares during the quarter. ProShare Advisors LLC’s holdings in CenturyLink were worth $2,376,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in CTL. Vanguard Group Inc. boosted its position in CenturyLink by 19.4% during the first 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 period. Standard Life Investments LTD bought a new stake in CenturyLink during the second quarter worth approximately $112,613,000. Fiduciary Management Inc. WI bought a new stake in CenturyLink during the second quarter worth approximately $86,411,000. Pioneer Investment Management Inc. boosted its position in CenturyLink by 1,012.9% during the second 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 period. Finally, Artemis Investment Management LLP bought a new stake in CenturyLink during the second quarter worth approximately $36,718,000. 83.04% of the stock is owned by hedge funds and other institutional investors.
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CenturyLink, Inc. (NYSE:CTL) opened at 18.54 on Monday. The firm has a market capitalization of $10.19 billion, a price-to-earnings ratio of 26.87 and a beta of 0.89. The company has a 50 day moving average price of $20.32 and a 200-day moving average price of $23.33. CenturyLink, Inc. has a 52 week low of $18.17 and a 52 week high of $33.45.
CenturyLink (NYSE:CTL) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.46 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 the consensus estimate of $4.09 billion. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The business’s revenue was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 earnings per share. Equities analysts predict that CenturyLink, Inc. will post $1.94 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, September 5th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $2.16 annualized dividend and a yield of 11.65%. CenturyLink’s payout ratio is currently 313.04%.
A number of equities research analysts have issued reports on the company. Royal Bank Of Canada reaffirmed a “hold” rating and set a $25.00 target price on shares of CenturyLink in a research report on Monday, September 18th. ValuEngine cut CenturyLink from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research cut CenturyLink from a “hold” rating to a “strong sell” rating in a research report on Friday, August 25th. Morgan Stanley decreased their target price on CenturyLink from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, August 23rd. Finally, Cowen and Company reaffirmed a “neutral” rating on shares of CenturyLink in a research report on Monday, August 14th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. CenturyLink currently has a consensus rating of “Hold” and a consensus target price of $26.15.
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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