American National Insurance Co. TX decreased its position in shares of Centurylink Inc (NYSE:CTL) by 83.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,500 shares of the technology company’s stock after selling 69,175 shares during the period. American National Insurance Co. TX’s holdings in Centurylink were worth $286,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of CTL. Temasek Holdings Private Ltd grew its position in Centurylink by 16.4% during the second quarter. Temasek Holdings Private Ltd now owns 123,201,207 shares of the technology company’s stock valued at $2,296,470,000 after buying an additional 17,339,784 shares during the period. MUFG Securities EMEA plc acquired a new stake in Centurylink during the second quarter valued at $35,437,000. Madison Investment Holdings Inc. acquired a new stake in Centurylink during the second quarter valued at $24,058,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Centurylink in the third quarter valued at about $27,149,000. Finally, Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Centurylink by 195.1% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,557,650 shares of the technology company’s stock valued at $29,035,000 after purchasing an additional 1,029,778 shares during the period. 76.38% of the stock is owned by institutional investors and hedge funds.
CTL has been the topic of a number of analyst reports. ValuEngine raised shares of Centurylink from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Zacks Investment Research raised shares of Centurylink from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Monday, October 1st. Bank of America set a $27.00 target price on shares of Centurylink and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Cowen set a $20.00 price target on shares of Centurylink and gave the company a “hold” rating in a research report on Tuesday, September 25th. Finally, Barclays reiterated a “hold” rating and set a $21.00 price target on shares of Centurylink in a research report on Friday, August 10th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Centurylink currently has a consensus rating of “Hold” and a consensus target price of $20.92.
NYSE CTL traded up $0.18 on Friday, hitting $18.80. 14,201,284 shares of the stock were exchanged, compared to its average volume of 10,887,103. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.57. Centurylink Inc has a fifty-two week low of $13.66 and a fifty-two week high of $24.20. The stock has a market capitalization of $20.32 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of -10.93 and a beta of 0.76.
Centurylink (NYSE:CTL) last issued its quarterly earnings data on Thursday, November 8th. The technology company reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. Centurylink had a net margin of 7.81% and a return on equity of 4.45%. The business had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.88 billion. During the same quarter in the previous year, the firm earned $0.42 EPS. The company’s revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts expect that Centurylink Inc will post 1.15 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Monday, November 26th will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $2.16 annualized dividend and a yield of 11.49%. Centurylink’s dividend payout ratio (DPR) is 146.94%.
About Centurylink
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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