CenturyLink, Inc. (CTL) Position Boosted by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its position in shares of CenturyLink, Inc. (NYSE:CTL) by 6.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,289,893 shares of the technology company’s stock after buying an additional 600,462 shares during the period. Dimensional Fund Advisors LP owned 1.87% of CenturyLink worth $194,498,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in CenturyLink by 22.6% during the second quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock worth $1,369,547,000 after buying an additional 10,583,246 shares during the last quarter. Northern Trust Corp increased its holdings in CenturyLink by 1.4% during the second quarter. Northern Trust Corp now owns 6,978,167 shares of the technology company’s stock worth $166,639,000 after buying an additional 95,821 shares during the last quarter. Capital World Investors acquired a new position in CenturyLink during the second quarter worth $142,086,000. Epoch Investment Partners Inc. increased its holdings in CenturyLink by 5.2% during the second quarter. Epoch Investment Partners Inc. now owns 4,974,938 shares of the technology company’s stock worth $118,801,000 after buying an additional 244,347 shares during the last quarter. Finally, Standard Life Investments LTD acquired a new position in CenturyLink during the second quarter worth $112,613,000. Institutional investors and hedge funds own 82.32% of the company’s stock.
CTL has been the topic of a number of recent analyst reports. Cowen restated a “neutral” rating on shares of CenturyLink in a report on Monday, August 14th. ValuEngine upgraded shares of CenturyLink from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Morgan Stanley decreased their price objective on shares of CenturyLink from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, August 23rd. Zacks Investment Research downgraded shares of CenturyLink from a “hold” rating to a “strong sell” rating in a report on Friday, August 25th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $25.00 price objective on shares of CenturyLink in a report on Monday, September 18th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. CenturyLink has a consensus rating of “Hold” and an average target price of $23.07.
In other CenturyLink news, CEO Glen F. Post III bought 50,000 shares of CenturyLink stock in a transaction dated Friday, December 8th. The stock was bought at an average price of $14.17 per share, with a total value of $708,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William Bruce Hanks bought 10,000 shares of CenturyLink stock in a transaction dated Friday, December 8th. The stock was acquired at an average cost of $14.41 per share, with a total value of $144,100.00. Following the transaction, the insider now owns 58,722 shares of the company’s stock, valued at approximately $846,184.02. The disclosure for this purchase can be found here. In the last three months, insiders bought 145,500 shares of company stock valued at $2,075,260. 0.61% of the stock is currently owned by company insiders.
CenturyLink, Inc. (CTL) opened at $15.87 on Tuesday. CenturyLink, Inc. has a fifty-two week low of $13.16 and a fifty-two week high of $27.61. The company has a market cap of $15,682.27, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of -4.59 and a beta of 0.79. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.82 and a quick ratio of 0.82.
CenturyLink (NYSE:CTL) last announced its earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $4.06 billion. CenturyLink had a net margin of 1.89% and a return on equity of 7.99%. The company’s revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 EPS. equities research analysts predict that CenturyLink, Inc. will post 1.6 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 27th were given a $0.54 dividend. The ex-dividend date was Friday, November 24th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 13.61%. CenturyLink’s payout ratio is presently 372.42%.
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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