Front Street Capital Management Inc. acquired a new position in CenturyLink, Inc.
Centurylink (NYSE:CTL) last issued its earnings results on Wednesday, May 3rd. The institutional investor held 158,966 shares of the public utilities company at the end of 2016Q4, valued at $3.78M, up from 26,517 at the end of the previous reported quarter.
A number of other large investors also recently modified their holdings of CTL. Virtus Investment Advisers Inc. acquired a new position in CenturyLink during the third quarter valued at about $552,000. Private Advisor Group LLC now owns 34,791 shares of the technology company's stock worth $878,000 after buying an additional 15,510 shares in the last quarter.
Prudential Financial Inc. boosted its stake in shares of Centurylink Inc (NYSE:CTL) by 46.3% during the first quarter, according to its most recent 13F filing with the SEC. 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 period. Elkfork Partners LLC bought a new stake in CenturyLink during the fourth quarter valued at $11,450,000. Arrow Investment Advisors LLC now owns 30,274 shares of the technology company's stock worth $714,000 after buying an additional 3,138 shares during the last quarter. Flippin Bruce & Porter Inc. now owns 203,395 shares of the technology company's stock valued at $5,579,000 after buying an additional 14,800 shares during the period. Ontario Teachers Pension Plan Board boosted its position in CenturyLink by 48.7% in the third quarter. Wellington Management Group LLP now owns 580,674 shares of the technology company's stock worth $13,686,000 after buying an additional 171,073 shares during the last quarter. The stock of Centurylink Inc (NYSE:CTL) has "Sector Perform" rating given on Tuesday, September 22 by RBC Capital Markets. "(CTL) Bonds Drop 1.3% During Trading" was published by Transcript Daily and is the property of of Transcript Daily. The firm has a market cap of $14.33 billion, a P/E ratio of 25.60 and a beta of 0.83.
Company chares are trading at $26.79 slightly over $25.23, the stock's 50 day moving average and which is marginally higher than the 200 day moving average of $24.59.
Centurylink Inc (NYSE CTL) traded up 0.50% during midday trading on Friday, hitting $26.11. Centurylink had a return on equity of 9.58% and a net margin of 3.58%. The company had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.27 billion. Credit Suisse Ag accumulated 1.64M shares or 0.04% of the stock. During the same quarter a year ago, the business posted $0.71 earnings per share.
Common Stock declared a dividend payable on Friday June 16th, 2017. Stockholders of record on Monday, June 5th will be paid a $0.54 dividend. The ex-dividend date is Thursday, June 1st. This dividend represents a yeild of $8.27 which is the dividend as a percentage of the current share price. Centurylink's dividend payout ratio is now 186.21%.
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News coverage about CenturyLink (NYSE:CTL) has been trending somewhat positive recently, AlphaOne Sentiment Analysis reports.
A number of equities analysts have commented on the company. ValuEngine downgraded shares of CenturyLink from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd. They issued a "neutral" rating and a $23.00 price objective for the company. Finally, Cowen and Company set a $25.00 price target on shares of Centurylink and gave the company a "market perform" rating in a research note on Thursday, May 4th. Bank of America Corp restated a "buy" rating on shares of Centurylink in a report on Tuesday, May 9th. Finally, Vetr raised CenturyLink from a "hold" rating to a "buy" rating and set a $27.12 target price for the company in a research report on Monday, May 1st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of "Hold" and an average target price of $26.24.
CenturyLink, Inc., launched on May 7, 1968, is an integrated communications company.