Hunter Associates Investment Management LLC boosted its position in shares of CenturyLink, Inc. (NYSE:CTL) by 9.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,090 shares of the technology company’s stock after acquiring an additional 1,700 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in CenturyLink were worth $456,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Eaton Vance Management increased its position in CenturyLink by 0.5% during the second quarter. Eaton Vance Management now owns 12,640 shares of the technology company’s stock valued at $302,000 after acquiring an additional 57 shares during the last quarter. Cleararc Capital Inc. increased its position in CenturyLink by 0.7% during the first quarter. Cleararc Capital Inc. now owns 13,386 shares of the technology company’s stock valued at $316,000 after acquiring an additional 93 shares during the last quarter. Wellington Shields & Co. LLC increased its position in CenturyLink by 1.1% during the second quarter. Wellington Shields & Co. LLC now owns 9,202 shares of the technology company’s stock valued at $220,000 after acquiring an additional 99 shares during the last quarter. First Manhattan Co. increased its position in CenturyLink by 0.3% during the second quarter. First Manhattan Co. now owns 37,199 shares of the technology company’s stock valued at $888,000 after acquiring an additional 126 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV increased its position in CenturyLink by 1.0% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 20,141 shares of the technology company’s stock valued at $481,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

CTL has been the subject of a number of research reports. Cowen and Company upped their price objective on CenturyLink from $25.00 to $27.00 and gave the company a “market perform” rating in a research report on Wednesday, July 5th. BidaskClub cut CenturyLink from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. ValuEngine cut CenturyLink from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Barclays PLC reduced their price objective on CenturyLink from $24.00 to $23.00 and set an “underweight” rating for the company in a research report on Thursday, June 29th. Finally, Zacks Investment Research cut CenturyLink from a “hold” rating to a “strong sell” rating in a research report on Friday, August 25th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $26.15.

CenturyLink, Inc. (NYSE CTL) traded up 0.27% during trading on Friday, hitting $18.54. The stock had a trading volume of 7,013,532 shares. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 26.87 and a beta of 0.89. CenturyLink, Inc. has a 52-week low of $18.17 and a 52-week high of $33.45. The firm’s 50-day moving average price is $20.32 and its 200-day moving average price is $23.33.

CenturyLink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. CenturyLink’s revenue for the quarter was down 7.0% on a year-over-year basis. Analysts predict that CenturyLink, Inc. will post $1.94 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, September 5th were paid a $0.54 dividend. The ex-dividend date was Thursday, August 31st. This represents a $2.16 annualized dividend and a dividend yield of 11.65%. CenturyLink’s dividend payout ratio is presently 313.04%.

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About CenturyLink

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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Institutional Ownership by Quarter for CenturyLink (NYSE:CTL)

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