Milestone Group Inc. boosted its holdings in shares of Centurylink Inc (NYSE:CTL) by 48.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,829 shares of the technology company’s stock after acquiring an additional 8,137 shares during the period. Milestone Group Inc.’s holdings in Centurylink were worth $298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of CTL. Thrivent Financial for Lutherans raised its position in shares of Centurylink by 1.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 42,911 shares of the technology company’s stock valued at $650,000 after purchasing an additional 757 shares during the last quarter. Moody National Bank Trust Division raised its position in Centurylink by 3.5% during the 4th quarter. Moody National Bank Trust Division now owns 23,572 shares of the technology company’s stock worth $357,000 after buying an additional 797 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Centurylink by 34.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,513 shares of the technology company’s stock worth $53,000 after buying an additional 904 shares during the last quarter. Kovack Advisors Inc. raised its position in Centurylink by 8.3% during the 4th quarter. Kovack Advisors Inc. now owns 12,049 shares of the technology company’s stock worth $183,000 after buying an additional 927 shares during the last quarter. Finally, Securian Asset Management Inc raised its position in Centurylink by 1.0% during the 1st quarter. Securian Asset Management Inc now owns 97,237 shares of the technology company’s stock worth $1,166,000 after buying an additional 987 shares during the last quarter. Institutional investors own 85.34% of the company’s stock.
In related news, CFO Indraneel Dev acquired 15,000 shares of the stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average cost of $9.81 per share, with a total value of $147,150.00. Following the completion of the transaction, the chief financial officer now owns 471,053 shares in the company, valued at approximately $4,621,029.93. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Harvey P. Perry acquired 10,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were bought at an average cost of $10.92 per share, with a total value of $109,200.00. The disclosure for this purchase can be found here. Insiders have acquired 275,000 shares of company stock worth $3,047,580 over the last quarter. Insiders own 0.50% of the company’s stock.
Several equities analysts have recently weighed in on CTL shares. Edward Jones lowered shares of Centurylink to a “sell” rating in a report on Tuesday, March 5th. Citigroup raised shares of Centurylink from a “sell” rating to a “neutral” rating in a report on Thursday, May 9th. JPMorgan Chase & Co. lowered shares of Centurylink from an “overweight” rating to a “neutral” rating and cut their target price for the company from $27.00 to $14.00 in a report on Thursday, February 14th. Guggenheim cut shares of Centurylink from a “neutral” rating to a “sell” rating and set a $11.00 price target on the stock. in a research note on Thursday, January 24th. Finally, Zacks Investment Research raised shares of Centurylink from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $16.58.
NYSE:CTL traded up $0.45 on Friday, reaching $10.11. 14,413,933 shares of the company’s stock were exchanged, compared to its average volume of 13,146,203. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $11.15 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 0.91 and a beta of 0.74. Centurylink Inc has a 52-week low of $9.91 and a 52-week high of $24.20.
Centurylink (NYSE:CTL) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.07. The company had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.71 billion. Centurylink had a negative net margin of 34.62% and a positive return on equity of 6.89%. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 earnings per share. Analysts expect that Centurylink Inc will post 1.29 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, May 31st. This represents a $1.00 dividend on an annualized basis and a yield of 9.89%. Centurylink’s dividend payout ratio (DPR) is presently 84.03%.
CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers in the United States and internationally. The company operates in two segments, Business and Consumer. It offers VPN data network services; Ethernet services; Internet protocol (IP) services; facilities-based Prism TV service, as well as satellite digital television services; CDN services; and Vyvx broadcast services.
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