Toronto Dominion Bank Buys 231,243 Shares of Centurylink Inc (CTL)

Toronto Dominion Bank lifted its stake in Centurylink Inc (NYSE:CTL) by 106.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 448,962 shares of the technology company’s stock after buying an additional 231,243 shares during the quarter. Toronto Dominion Bank’s holdings in Centurylink were worth $7,488,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CTL. Oregon Public Employees Retirement Fund raised its holdings in Centurylink by 2.1% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 135,156 shares of the technology company’s stock worth $2,554,000 after purchasing an additional 2,754 shares during the period. CIBC World Markets Inc. raised its holdings in Centurylink by 14.1% in the 4th quarter. CIBC World Markets Inc. now owns 22,598 shares of the technology company’s stock worth $377,000 after purchasing an additional 2,798 shares during the period. Crescent Grove Advisors LLC raised its holdings in Centurylink by 17.5% in the 4th quarter. Crescent Grove Advisors LLC now owns 20,000 shares of the technology company’s stock worth $334,000 after purchasing an additional 2,977 shares during the period. Winslow Evans & Crocker Inc. raised its holdings in Centurylink by 17.3% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 21,478 shares of the technology company’s stock worth $358,000 after purchasing an additional 3,160 shares during the period. Finally, Bessemer Group Inc. raised its holdings in Centurylink by 132.3% in the 4th quarter. Bessemer Group Inc. now owns 6,264 shares of the technology company’s stock worth $104,000 after purchasing an additional 3,568 shares during the period. Hedge funds and other institutional investors own 59.37% of the company’s stock.

In related news, CEO Glen F. Post III purchased 50,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was purchased at an average price of $14.17 per share, with a total value of $708,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William Bruce Hanks purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was bought at an average cost of $14.41 per share, with a total value of $144,100.00. Following the acquisition, 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 ninety days, insiders purchased 150,595 shares of company stock valued at $2,154,131. Insiders own 0.61% of the company’s stock.

Centurylink Inc (CTL) opened at $18.93 on Monday. 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 capitalization of $20,236.23, a P/E ratio of 11.98, a price-to-earnings-growth ratio of -9.18 and a beta of 0.82. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.59.

Centurylink (NYSE:CTL) last announced its earnings results on Wednesday, February 14th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). Centurylink had a net margin of 7.87% and a return on equity of 5.88%. The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.69 billion. During the same period in the previous year, the company earned $0.54 EPS. equities research analysts expect that Centurylink Inc will post 1.03 EPS for the current fiscal year.

A number of equities analysts recently weighed in on CTL shares. SunTrust Banks reaffirmed a “hold” rating and issued a $25.00 price target on shares of Centurylink in a report on Wednesday, November 1st. Deutsche Bank reaffirmed a “hold” rating and issued a $16.00 price target on shares of Centurylink in a report on Thursday, November 9th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $26.00 price target on shares of Centurylink in a report on Thursday, November 9th. UBS Group reduced their target price on Centurylink from $29.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, November 9th. Finally, Jefferies Group reduced their target price on Centurylink to $17.00 and set a “hold” rating for the company in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $22.08.

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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 Enterprise, 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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