CapWealth Advisors LLC increased its position in shares of Centurylink Inc (NYSE:CTL) by 306.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,300,009 shares of the technology company’s stock after acquiring an additional 980,112 shares during the quarter. Centurylink comprises approximately 3.9% of CapWealth Advisors LLC’s investment portfolio, making the stock its 4th biggest holding. CapWealth Advisors LLC owned about 0.12% of Centurylink worth $21,684,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in CTL. Bessemer Group Inc. boosted its stake in Centurylink by 132.3% during the 4th quarter. Bessemer Group Inc. now owns 6,264 shares of the technology company’s stock worth $104,000 after acquiring an additional 3,568 shares during the last quarter. Citizens Financial Group Inc RI acquired a new stake in Centurylink during the 4th quarter worth approximately $111,000. Bronfman E.L. Rothschild L.P. raised its holdings in Centurylink by 250.8% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 6,753 shares of the technology company’s stock worth $113,000 after buying an additional 4,828 shares during the period. Fieldpoint Private Securities LLC acquired a new stake in Centurylink during the 3rd quarter worth approximately $115,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Centurylink by 10,329.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,196 shares of the technology company’s stock worth $136,000 after buying an additional 7,127 shares during the period. 86.09% of the stock is currently owned by institutional investors and hedge funds.
Shares of Centurylink stock opened at $17.13 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.59. Centurylink Inc has a fifty-two week low of $13.16 and a fifty-two week high of $27.61. The stock has a market cap of $18,326.74, a P/E ratio of 9.73, a PEG ratio of -9.95 and a beta of 0.79.
Centurylink (NYSE:CTL) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14). Centurylink had a net margin of 7.87% and a return on equity of 5.88%. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.69 billion. During the same quarter last year, the business earned $0.54 earnings per share. sell-side analysts predict that Centurylink Inc will post 0.86 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Monday, March 5th were issued a $0.54 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 12.61%. Centurylink’s dividend payout ratio (DPR) is presently 122.73%.
Several brokerages have commented on CTL. Guggenheim began coverage on shares of Centurylink in a report on Tuesday, March 13th. They set a “neutral” rating and a $17.00 target price on the stock. Oppenheimer restated a “buy” rating and set a $20.00 target price on shares of Centurylink in a report on Tuesday, January 9th. Bank of America set a $27.00 target price on shares of Centurylink and gave the stock a “buy” rating in a report on Wednesday, February 21st. Zacks Investment Research upgraded shares of Centurylink from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, ValuEngine upgraded shares of Centurylink from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Centurylink has a consensus rating of “Hold” and a consensus target price of $21.65.
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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 Enterprise, 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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