Cahill Financial Advisors Inc. increased its holdings in Centurylink Inc (NYSE:CTL) by 21.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,522 shares of the technology company’s stock after buying an additional 4,523 shares during the period. Cahill Financial Advisors Inc.’s holdings in Centurylink were worth $387,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in CTL. Signet Investment Advisory Group Inc. purchased a new stake in Centurylink in the 4th quarter worth approximately $34,000. Doyle Wealth Management purchased a new stake in Centurylink in the 4th quarter worth approximately $35,000. Pearl River Capital LLC purchased a new stake in Centurylink in the 4th quarter worth approximately $42,000. IMS Capital Management purchased a new stake in Centurylink in the 3rd quarter worth approximately $68,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Centurylink by 34.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,513 shares of the technology company’s stock worth $53,000 after purchasing an additional 904 shares in the last quarter. 75.19% of the stock is owned by institutional investors.
CTL has been the topic of several recent analyst reports. ValuEngine cut shares of Centurylink from a “buy” rating to a “hold” rating in a research note on Friday, November 23rd. Zacks Investment Research upgraded shares of Centurylink from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Thursday, November 29th. TheStreet cut shares of Centurylink from a “b-” rating to a “c+” rating in a research note on Friday, January 4th. Guggenheim cut shares of Centurylink from a “neutral” rating to a “sell” rating and set a $11.00 price objective on the stock. in a research report on Thursday, January 24th. Finally, Citigroup cut shares of Centurylink from a “neutral” rating to a “sell” rating and set a $14.48 price objective on the stock. in a research report on Tuesday, February 5th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.75.
CTL stock opened at $12.11 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.69 and a current ratio of 0.69. Centurylink Inc has a 52 week low of $11.52 and a 52 week high of $24.20. The firm has a market cap of $12.85 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 0.75 and a beta of 0.78.
Centurylink (NYSE:CTL) last released its earnings results on Wednesday, February 13th. The technology company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Centurylink had a negative net margin of 7.39% and a positive return on equity of 5.68%. The company had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.78 billion. During the same quarter last year, the firm earned $0.18 EPS. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. Research analysts expect that Centurylink Inc will post 1.24 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Tuesday, March 12th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.26%. The ex-dividend date is Monday, March 11th. Centurylink’s dividend payout ratio is currently 84.03%.
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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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