HPM Partners LLC Buys New Position in CenturyLink (NYSE:CTL)

HPM Partners LLC acquired a new stake in shares of CenturyLink (NYSE:CTL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,513 shares of the technology company’s stock, valued at approximately $175,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Canada Pension Plan Investment Board raised its stake in CenturyLink by 61.8% during the third quarter. Canada Pension Plan Investment Board now owns 175,859 shares of the technology company’s stock worth $3,324,000 after purchasing an additional 67,200 shares during the period. Gamco Investors INC. ET AL acquired a new stake in shares of CenturyLink during the third quarter valued at about $309,000. Candriam Luxembourg S.C.A. increased its position in shares of CenturyLink by 93.2% during the third quarter. Candriam Luxembourg S.C.A. now owns 133,299 shares of the technology company’s stock valued at $2,519,000 after acquiring an additional 64,319 shares during the last quarter. Retirement Systems of Alabama grew its holdings in shares of CenturyLink by 46.8% in the third quarter. Retirement Systems of Alabama now owns 390,681 shares of the technology company’s stock valued at $7,384,000 after purchasing an additional 124,587 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of CenturyLink by 2.4% in the third quarter. New York State Common Retirement Fund now owns 1,174,510 shares of the technology company’s stock valued at $22,198,000 after purchasing an additional 27,000 shares in the last quarter. 86.10% of the stock is currently owned by institutional investors and hedge funds.

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NYSE:CTL traded down $0.15 on Friday, reaching $17.21. The stock had a trading volume of 11,038,592 shares, compared to its average volume of 12,132,146. The firm has a market cap of $18,572.81, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of -10.22 and a beta of 0.79. CenturyLink has a 12-month low of $13.16 and a 12-month high of $27.61. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.59.

CenturyLink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.69 billion. CenturyLink had a return on equity of 5.88% and a net margin of 7.87%. During the same quarter in the previous year, the company earned $0.54 earnings per share. equities research analysts forecast that CenturyLink will post 0.85 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Monday, March 5th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 12.55%. The ex-dividend date of this dividend was Friday, March 2nd. CenturyLink’s dividend payout ratio (DPR) is presently 146.94%.

In other news, major shareholder Holdings (Private) Ltd Temasek acquired 7,620,118 shares of the stock in a transaction on Wednesday, April 4th. The stock was bought at an average price of $16.72 per share, with a total value of $127,408,372.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by corporate insiders.

A number of research analysts recently weighed in on the stock. Guggenheim assumed coverage on shares of CenturyLink in a report on Tuesday, March 13th. They issued a “neutral” rating and a $17.00 price objective for the company. Zacks Investment Research upgraded shares of CenturyLink from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Oppenheimer restated a “buy” rating and set a $20.00 price objective on shares of CenturyLink in a research report on Tuesday, January 9th. Barclays restated a “hold” rating and set a $17.00 price objective on shares of CenturyLink in a research report on Friday, February 16th. Finally, Cowen set a $19.00 price objective on shares of CenturyLink and gave the stock a “hold” rating in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. CenturyLink presently has an average rating of “Hold” and a consensus price target of $21.65.

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CenturyLink Profile

CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers primarily in the United States. It operates in two segments, Business and Consumer. The company offers virtual private network data network services; Ethernet services; Internet protocol services; CenturyLink Prism TV that allows customers to watch television or cable channels and record up to four shows on one home digital video recorder; and Vyvx, which provides audio and video feeds over fiber or satellite for broadcast and production customers, as well as satellite digital television services.

Institutional Ownership by Quarter for CenturyLink (NYSE:CTL)

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