Mosaic Family Wealth LLC decreased its position in shares of CenturyLink, Inc. (NYSE:CTL) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,967 shares of the technology company’s stock after selling 500 shares during the period. Mosaic Family Wealth LLC’s holdings in CenturyLink were worth $282,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of CenturyLink during the fourth quarter worth approximately $86,191,000. Wells Fargo & Company MN boosted its position in CenturyLink by 150.5% in the first quarter. Wells Fargo & Company MN now owns 5,685,844 shares of the technology company’s stock valued at $134,016,000 after buying an additional 3,415,959 shares during the period. Thornburg Investment Management Inc. purchased a new stake in shares of CenturyLink during the fourth quarter valued at about $74,630,000. FMR LLC boosted its stake in shares of CenturyLink by 53.3% in the fourth quarter. FMR LLC now owns 3,724,085 shares of the technology company’s stock valued at $88,559,000 after buying an additional 1,295,499 shares during the last quarter. Finally, RidgeWorth Capital Management LLC boosted its stake in shares of CenturyLink by 57,816.5% in the fourth quarter. RidgeWorth Capital Management LLC now owns 1,171,072 shares of the technology company’s stock valued at $27,848,000 after buying an additional 1,169,050 shares during the last quarter. 77.45% of the stock is owned by hedge funds and other institutional investors.
Shares of CenturyLink, Inc. (NYSE CTL) traded down 1.40% on Monday, hitting $25.36. 18,616,475 shares of the company’s stock were exchanged. CenturyLink, Inc. has a 12 month low of $22.33 and a 12 month high of $33.45. The stock’s 50 day moving average is $25.35 and its 200 day moving average is $24.66. The firm has a market cap of $13.92 billion, a P/E ratio of 24.86 and a beta of 0.87.
CenturyLink (NYSE:CTL) last announced its earnings results on Wednesday, May 3rd. The technology company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The business had revenue of $4.21 billion for 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 company’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. On average, equities analysts predict that CenturyLink, Inc. will post $2.11 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Monday, June 5th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 8.52%. The ex-dividend date was Thursday, June 1st. CenturyLink’s payout ratio is 211.77%.
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Several equities analysts have recently commented on the company. Moffett Nathanson began coverage on CenturyLink in a report on Tuesday, February 28th. They set a “neutral” rating and a $23.00 target price for the company. Bank of America Corporation reiterated a “buy” rating on shares of CenturyLink in a research report on Tuesday, May 9th. Royal Bank Of Canada reiterated a “hold” rating and set a $25.00 price objective on shares of CenturyLink in a research report on Thursday, May 25th. Cowen and Company set a $25.00 target price on CenturyLink and gave the company a “market perform” rating in a report on Thursday, May 4th. Finally, Zacks Investment Research upgraded CenturyLink from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. CenturyLink currently has a consensus rating of “Hold” and a consensus target price of $26.24.
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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