AMP Capital Investors Ltd Buys 12,928 Shares of CenturyLink, Inc. (CTL)

AMP Capital Investors Ltd raised its stake in shares of CenturyLink, Inc. (NYSE:CTL) by 8.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 169,520 shares of the technology company’s stock after purchasing an additional 12,928 shares during the quarter. AMP Capital Investors Ltd’s holdings in CenturyLink were worth $3,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Eaton Vance Management boosted its holdings in shares of CenturyLink by 0.5% in the 2nd quarter. Eaton Vance Management now owns 12,640 shares of the technology company’s stock worth $302,000 after acquiring an additional 57 shares in the last quarter. FTB Advisors Inc. boosted its holdings in shares of CenturyLink by 0.9% in the 2nd quarter. FTB Advisors Inc. now owns 12,348 shares of the technology company’s stock worth $268,000 after acquiring an additional 116 shares in the last quarter. Sentry Investment Management LLC boosted its holdings in shares of CenturyLink by 0.5% in the 2nd quarter. Sentry Investment Management LLC now owns 37,917 shares of the technology company’s stock worth $905,000 after acquiring an additional 174 shares in the last quarter. Davidson & Garrard Inc. boosted its holdings in shares of CenturyLink by 0.3% in the 2nd quarter. Davidson & Garrard Inc. now owns 79,655 shares of the technology company’s stock worth $1,902,000 after acquiring an additional 239 shares in the last quarter. Finally, Utah Retirement Systems boosted its holdings in shares of CenturyLink by 0.5% in the 2nd quarter. Utah Retirement Systems now owns 98,916 shares of the technology company’s stock worth $2,362,000 after acquiring an additional 500 shares in the last quarter. 82.32% of the stock is currently owned by institutional investors.

In other CenturyLink news, CEO Glen F. Post III acquired 50,000 shares of CenturyLink stock in a transaction dated Friday, December 8th. The stock was bought at an average cost of $14.17 per share, for a total transaction of $708,500.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman William Bruce Hanks acquired 10,000 shares of CenturyLink stock in a transaction dated Friday, December 8th. The shares were acquired at an average price of $14.41 per share, with a total value of $144,100.00. Following the completion of the purchase, the insider now owns 58,722 shares in the company, valued at $846,184.02. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 150,595 shares of company stock valued at $2,154,131. Company insiders own 0.61% of the company’s stock.

Several brokerages have recently commented on CTL. Royal Bank of Canada reissued a “hold” rating and issued a $25.00 target price on shares of CenturyLink in a report on Monday, September 18th. ValuEngine cut shares of CenturyLink from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. J P Morgan Chase & Co restated a “buy” rating and issued a $26.00 price objective on shares of CenturyLink in a research report on Thursday, November 9th. Zacks Investment Research cut shares of CenturyLink from a “hold” rating to a “strong sell” rating in a research report on Friday, August 25th. Finally, Morgan Stanley dropped their price objective on shares of CenturyLink from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, August 23rd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. CenturyLink presently has a consensus rating of “Hold” and an average price target of $22.87.

Shares of CenturyLink, Inc. (CTL) opened at $16.99 on Monday. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.82 and a quick ratio of 0.82. 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 $18,162.36, a price-to-earnings ratio of 8.76, a P/E/G ratio of -5.45 and a beta of 0.79.

CenturyLink (NYSE:CTL) last released its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). CenturyLink had a net margin of 1.89% and a return on equity of 7.99%. The firm had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the prior year, the company earned $0.56 EPS. CenturyLink’s quarterly revenue was down 7.9% on a year-over-year basis. research analysts expect that CenturyLink, Inc. will post 1.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 27th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 12.71%. The ex-dividend date of this dividend was Friday, November 24th. CenturyLink’s payout ratio is presently 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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