Epoch Investment Partners Inc. lifted its holdings in CenturyLink, Inc. (NYSE:CTL) by 11.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,521,373 shares of the technology company’s stock after purchasing an additional 546,435 shares during the period. Epoch Investment Partners Inc. owned about 1.00% of CenturyLink worth $104,354,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Strs Ohio lifted its holdings in CenturyLink by 16.0% in the second quarter. Strs Ohio now owns 36,808 shares of the technology company’s stock valued at $878,000 after acquiring an additional 5,087 shares during the last quarter. NGAM Advisors L.P. lifted its holdings in CenturyLink by 40.1% in the second quarter. NGAM Advisors L.P. now owns 71,817 shares of the technology company’s stock valued at $1,715,000 after acquiring an additional 20,560 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in CenturyLink by 12.0% in the second quarter. Janney Montgomery Scott LLC now owns 80,100 shares of the technology company’s stock valued at $1,913,000 after acquiring an additional 8,595 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in CenturyLink by 1.6% in the second quarter. CIBC Asset Management Inc now owns 61,964 shares of the technology company’s stock valued at $1,480,000 after acquiring an additional 947 shares during the last quarter. Finally, First Manhattan Co. lifted its holdings in CenturyLink by 0.3% in 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. Hedge funds and other institutional investors own 82.32% of the company’s stock.
CenturyLink, Inc. (CTL) traded down $0.30 during midday trading on Tuesday, reaching $14.51. 2,751,282 shares of the company traded hands, compared to its average volume of 10,665,577. The stock has a market capitalization of $15,286.74, a PE ratio of 7.37, a P/E/G ratio of -4.47 and a beta of 0.79. CenturyLink, Inc. has a 52-week low of $13.16 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.
CenturyLink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.03). The firm had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $4.06 billion. CenturyLink had a return on equity of 7.99% and a net margin of 1.89%. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.56 earnings per share. equities research analysts predict that CenturyLink, Inc. will post 1.6 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $2.16 dividend on an annualized basis and a yield of 14.89%. CenturyLink’s dividend payout ratio (DPR) is presently 372.42%.
A number of brokerages have issued reports on CTL. ValuEngine raised CenturyLink from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $25.00 price objective on shares of CenturyLink in a research report on Monday, September 18th. Zacks Investment Research lowered CenturyLink from a “hold” rating to a “strong sell” rating in a research report on Friday, August 25th. Morgan Stanley cut their price objective on CenturyLink from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 23rd. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating and set a $26.00 price objective on shares of CenturyLink in a research report on Thursday, November 9th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. CenturyLink presently has an average rating of “Hold” and an average price target of $23.07.
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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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