DekaBank Deutsche Girozentrale boosted its position in shares of Centurylink Inc (NYSE:CTL) by 3.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,108 shares of the technology company’s stock after buying an additional 4,386 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Centurylink were worth $3,101,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in CTL. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Centurylink by 16,940.6% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,453 shares of the technology company’s stock valued at $102,000 after buying an additional 5,421 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Centurylink during the third quarter valued at $106,000. Rehmann Capital Advisory Group lifted its holdings in shares of Centurylink by 210.7% during the second quarter. Rehmann Capital Advisory Group now owns 5,873 shares of the technology company’s stock valued at $109,000 after purchasing an additional 3,983 shares during the last quarter. Baker Ellis Asset Management LLC purchased a new stake in shares of Centurylink during the second quarter valued at $110,000. Finally, Greenleaf Trust purchased a new stake in shares of Centurylink during the third quarter valued at $205,000. 75.22% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on the company. Morgan Stanley upped their target price on Centurylink from $21.60 to $25.00 and gave the company an “overweight” rating in a report on Wednesday, August 15th. Moffett Nathanson reaffirmed a “sell” rating and set a $23.00 target price on shares of Centurylink in a report on Wednesday, August 22nd. Royal Bank of Canada upped their target price on Centurylink to $27.00 and gave the company an “outperform” rating in a report on Thursday, August 16th. Barclays reaffirmed a “hold” rating and set a $21.00 target price on shares of Centurylink in a report on Friday, August 10th. Finally, Zacks Investment Research raised Centurylink from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $20.92.
Centurylink (NYSE:CTL) last announced its quarterly earnings data on Thursday, November 8th. The technology company reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. The firm had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.88 billion. Centurylink had a return on equity of 4.45% and a net margin of 7.81%. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 EPS. On average, research analysts forecast that Centurylink Inc will post 1.15 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Monday, November 26th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 11.49%. The ex-dividend date of this dividend is Friday, November 23rd. Centurylink’s dividend payout ratio is currently 146.94%.
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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.
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