Toronto Dominion Bank decreased its holdings in shares of CenturyLink, Inc. (NYSE:CTL) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 217,719 shares of the technology company’s stock after selling 11,240 shares during the period. Toronto Dominion Bank’s holdings in CenturyLink were worth $4,115,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CTL. Vanguard Group Inc. increased its position in CenturyLink by 22.6% during the 2nd quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock worth $1,369,547,000 after purchasing an additional 10,583,246 shares during the period. Capital World Investors acquired a new position in CenturyLink during the 2nd quarter worth approximately $142,086,000. Standard Life Investments LTD acquired a new position in CenturyLink during the 2nd quarter worth approximately $112,613,000. Fiduciary Management Inc. WI acquired a new position in CenturyLink during the 2nd quarter worth approximately $86,411,000. Finally, Samlyn Capital LLC acquired a new position in CenturyLink during the 2nd quarter worth approximately $80,290,000. Institutional investors own 82.32% of the company’s stock.
Several equities research analysts have recently commented on the company. BidaskClub raised CenturyLink from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Cowen and Company reissued a “neutral” rating on shares of CenturyLink in a research note on Monday, August 14th. Zacks Investment Research raised CenturyLink from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Barclays PLC decreased their price target on CenturyLink from $23.00 to $19.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 4th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $22.00 price target on shares of CenturyLink in a research note on Tuesday, October 3rd. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.07.
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Shares of CenturyLink, Inc. (CTL) opened at $14.80 on Monday. CenturyLink, Inc. has a 52 week low of $14.06 and a 52 week high of $27.61. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $15,820.00, a P/E ratio of 7.63, a P/E/G ratio of -4.60 and a beta of 0.88.
CenturyLink (NYSE:CTL) last posted its earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). CenturyLink had a net margin of 1.89% and a return on equity of 7.99%. The company had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the previous year, the company posted $0.56 EPS. CenturyLink’s quarterly revenue was down 7.9% compared to the same quarter last year. equities analysts forecast that CenturyLink, Inc. will post 1.61 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 14.59%. The ex-dividend date of this dividend is Friday, November 24th. CenturyLink’s payout ratio is currently 372.41%.
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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