Mutual of America Capital Management LLC boosted its position in CenturyLink Inc. (NYSE:CTL) by 14.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 92,481 shares of the company’s stock after buying an additional 11,606 shares during the period. Mutual of America Capital Management LLC’s holdings in CenturyLink were worth $2,537,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of CenturyLink by 25.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,037,670 shares of the company’s stock worth $262,156,000 after buying an additional 1,823,847 shares in the last quarter. Vanguard Group Inc. raised its position in CenturyLink by 5.0% in the second quarter. Vanguard Group Inc. now owns 38,015,493 shares of the company’s stock valued at $1,102,830,000 after buying an additional 1,815,294 shares during the period. BlackRock Fund Advisors raised its position in CenturyLink by 8.9% in the second quarter. BlackRock Fund Advisors now owns 16,106,122 shares of the company’s stock valued at $467,239,000 after buying an additional 1,311,134 shares during the period. Ameriprise Financial Inc. raised its position in CenturyLink by 25.5% in the second quarter. Ameriprise Financial Inc. now owns 5,599,218 shares of the company’s stock valued at $162,421,000 after buying an additional 1,137,292 shares during the period. Finally, Glenmede Trust Co. NA raised its position in CenturyLink by 837.5% in the second quarter. Glenmede Trust Co. NA now owns 1,153,718 shares of the company’s stock valued at $33,467,000 after buying an additional 1,030,658 shares during the period. 73.62% of the stock is owned by hedge funds and other institutional investors.
CenturyLink Inc. (NYSE:CTL) opened at 24.66 on Friday. CenturyLink Inc. has a 52-week low of $21.94 and a 52-week high of $33.45. The stock has a market cap of $13.48 billion, a P/E ratio of 14.53 and a beta of 0.84. The firm’s 50-day moving average is $26.15 and its 200-day moving average is $27.91.
CenturyLink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $4.38 billion for the quarter. CenturyLink had a net margin of 5.22% and a return on equity of 10.48%. The company’s revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 EPS. Equities research analysts predict that CenturyLink Inc. will post $2.48 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Monday, November 28th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $2.16 annualized dividend and a dividend yield of 8.76%. CenturyLink’s payout ratio is 127.06%.
Several research firms have commented on CTL. Jefferies Group reiterated a “sell” rating and set a $20.00 price objective (down previously from $24.00) on shares of CenturyLink in a research report on Tuesday, November 1st. Vetr upgraded shares of CenturyLink from a “hold” rating to a “buy” rating and set a $29.33 price objective for the company in a research report on Wednesday, August 31st. RBC Capital Markets reiterated a “sector perform” rating and set a $31.00 price objective (up previously from $29.00) on shares of CenturyLink in a research report on Wednesday, August 10th. Zacks Investment Research lowered shares of CenturyLink from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Finally, Raymond James Financial Inc. lowered shares of CenturyLink from an “outperform” rating to a “market perform” rating in a research report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $28.26.
In other news, EVP Aamir Hussain purchased 14,580 shares of the stock in a transaction dated Thursday, November 10th. The shares were purchased at an average price of $24.00 per share, with a total value of $349,920.00. Following the transaction, the executive vice president now owns 179,075 shares in the company, valued at approximately $4,297,800. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Harvey P. Perry sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $32.50, for a total transaction of $325,000.00. Following the transaction, the director now directly owns 77,607 shares in the company, valued at approximately $2,522,227.50. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.
CenturyLink Company Profile
CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to residential and business customers. The Company’s segments include Business and Consumer. Its communications services include local and long-distance voice, high-speed Internet, Multi-Protocol Label Switching (MPLS), private line (including special access), data integration, Ethernet, colocation, managed hosting (including cloud hosting), network, public access, video, wireless and other ancillary services.