Vident Investment Advisory LLC grew its stake in shares of CenturyLink, Inc. (NYSE:CTL) by 24.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 124,777 shares of the technology company’s stock after buying an additional 24,602 shares during the quarter. Vident Investment Advisory LLC’s holdings in CenturyLink were worth $2,358,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Eaton Vance Management grew its stake in shares of 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 buying an additional 57 shares during the last quarter. FTB Advisors Inc. grew its stake in shares of CenturyLink by 0.9% during the second quarter. FTB Advisors Inc. now owns 12,348 shares of the technology company’s stock valued at $268,000 after buying an additional 116 shares during the last quarter. Sentry Investment Management LLC grew its stake in shares of CenturyLink by 0.5% during the second quarter. Sentry Investment Management LLC now owns 37,917 shares of the technology company’s stock valued at $905,000 after buying an additional 174 shares during the last quarter. Davidson & Garrard Inc. grew its stake in shares of CenturyLink by 0.3% in the second quarter. Davidson & Garrard Inc. now owns 79,655 shares of the technology company’s stock worth $1,902,000 after purchasing an additional 239 shares during the last quarter. Finally, National Planning Corp grew its stake in shares of CenturyLink by 4.2% in the second quarter. National Planning Corp now owns 11,331 shares of the technology company’s stock worth $272,000 after purchasing an additional 453 shares during the last quarter. 82.32% of the stock is currently owned by hedge funds and other institutional investors.

In other CenturyLink news, CEO Glen F. Post III bought 50,000 shares of the stock in a transaction dated Friday, December 8th. The stock was purchased at an average cost of $14.17 per share, for a total transaction of $708,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Virginia Boulet bought 5,095 shares of the stock in a transaction dated Monday, December 11th. The shares were acquired at an average price of $15.48 per share, with a total value of $78,870.60. Following the completion of the acquisition, the director now directly owns 42,820 shares of the company’s stock, valued at approximately $662,853.60. The disclosure for this purchase can be found here. Insiders have bought 150,595 shares of company stock valued at $2,154,131 over the last quarter. Company insiders own 0.61% of the company’s stock.

Several analysts recently issued reports on the company. UBS cut their target price on CenturyLink from $29.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th. Cowen reissued a “hold” rating and issued a $24.00 target price on shares of CenturyLink in a research note on Thursday, October 19th. Bank of America cut their target price on CenturyLink from $42.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Zacks Investment Research cut CenturyLink from a “hold” rating to a “strong sell” rating in a research note on Friday, August 25th. Finally, Deutsche Bank reissued a “hold” rating and issued a $16.00 target price on shares of CenturyLink in a research note on Thursday, November 9th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $23.07.

Shares of CenturyLink, Inc. (NYSE:CTL) opened at $16.20 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.92. CenturyLink, Inc. has a 1-year low of $13.16 and a 1-year high of $27.61. The company has a market cap of $16,965.08, a PE ratio of 8.18, a price-to-earnings-growth ratio of -4.96 and a beta of 0.79.

CenturyLink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). CenturyLink had a return on equity of 7.99% and a net margin of 1.89%. The company had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter last year, the business earned $0.56 earnings per share. The business’s quarterly revenue was down 7.9% on a year-over-year basis. equities analysts anticipate that CenturyLink, Inc. will post 1.6 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 27th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, November 24th. This represents a $2.16 annualized dividend and a dividend yield of 13.34%. CenturyLink’s payout ratio is 372.42%.

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CenturyLink 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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Institutional Ownership by Quarter for CenturyLink (NYSE:CTL)

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