Exxonmobil Investment Management Inc. TX cut its stake in shares of CenturyLink, Inc. (NYSE:CTL) by 13.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,371 shares of the technology company’s stock after selling 16,004 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in CenturyLink were worth $2,516,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Parkwood LLC increased its position in shares of CenturyLink by 26.0% in the first quarter. Parkwood LLC now owns 53,087 shares of the technology company’s stock valued at $1,251,000 after buying an additional 10,949 shares during the period. First Manhattan Co. boosted its stake in shares of CenturyLink by 1.8% in the first quarter. First Manhattan Co. now owns 37,218 shares of the technology company’s stock valued at $1,020,000 after buying an additional 645 shares in the last quarter. Vident Investment Advisory LLC boosted its stake in shares of CenturyLink by 1.8% in the fourth quarter. Vident Investment Advisory LLC now owns 79,687 shares of the technology company’s stock valued at $1,895,000 after buying an additional 1,409 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of CenturyLink by 69.8% in the fourth quarter. Macquarie Group Ltd. now owns 44,100 shares of the technology company’s stock valued at $1,049,000 after buying an additional 18,124 shares in the last quarter. Finally, Exane Derivatives boosted its stake in shares of CenturyLink by 29.7% in the first quarter. Exane Derivatives now owns 5,209 shares of the technology company’s stock valued at $123,000 after buying an additional 1,194 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.
Shares of CenturyLink, Inc. (NYSE CTL) opened at 22.99 on Monday. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 22.54 and a beta of 0.88. CenturyLink, Inc. has a 52 week low of $22.33 and a 52 week high of $33.45. The stock has a 50 day moving average of $25.26 and a 200-day moving average of $24.70.
CenturyLink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.01. The company had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.27 billion. CenturyLink had a return on equity of 8.96% and a net margin of 3.20%. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. Equities research analysts expect that CenturyLink, Inc. will post $2.10 earnings per share for the current year.
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Several brokerages have recently issued reports on CTL. BidaskClub cut shares of CenturyLink from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Cowen and Company reissued a “hold ctl” rating on shares of CenturyLink in a research note on Thursday, July 6th. Barclays PLC lowered their price objective on shares of CenturyLink from $24.00 to $23.00 and set an “underweight” rating for the company in a research note on Thursday, June 29th. UBS AG set a $29.00 price objective on shares of CenturyLink and gave the company a “buy” rating in a research note on Thursday, June 22nd. Finally, ValuEngine cut shares of CenturyLink from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $26.22.
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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