Calamos Advisors LLC Acquires 7,839 Shares of CenturyLink Inc. (CTL)
Calamos Advisors LLC increased its stake in shares of CenturyLink Inc. (NYSE:CTL) by 7.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 110,744 shares of the company’s stock after buying an additional 7,839 shares during the period. Calamos Advisors LLC’s holdings in CenturyLink were worth $3,213,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. PGGM Investments boosted its stake in shares of CenturyLink by 10.0% in the second quarter. PGGM Investments now owns 1,462,121 shares of the company’s stock valued at $42,416,000 after buying an additional 132,536 shares in the last quarter. Panagora Asset Management Inc. boosted its position in CenturyLink by 32.1% in the first quarter. Panagora Asset Management Inc. now owns 2,511,649 shares of the company’s stock valued at $80,272,000 after buying an additional 610,495 shares during the period. Springbok Capital Management LLC bought a new position in CenturyLink during the first quarter valued at $340,000. State Street Corp boosted its position in CenturyLink by 0.6% in the first quarter. State Street Corp now owns 30,716,866 shares of the company’s stock valued at $981,706,000 after buying an additional 171,326 shares during the period. Finally, Teachers Advisors Inc. boosted its position in CenturyLink by 12.9% in the first quarter. Teachers Advisors Inc. now owns 1,103,361 shares of the company’s stock valued at $35,263,000 after buying an additional 126,165 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.
Shares of CenturyLink Inc. (NYSE:CTL) traded down 0.33% during trading on Friday, hitting $27.43. The company had a trading volume of 3,363,364 shares. The stock’s 50-day moving average price is $28.14 and its 200 day moving average price is $29.36. The company has a market capitalization of $14.98 billion, a P/E ratio of 15.36 and a beta of 0.80. CenturyLink Inc. has a 52 week low of $21.94 and a 52 week high of $32.94.
CenturyLink (NYSE:CTL) last issued its earnings results on Wednesday, August 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. The company had revenue of $440 billion for the quarter, compared to the consensus estimate of $4.39 billion. CenturyLink had a return on equity of 11.02% and a net margin of 5.47%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. On average, equities research analysts forecast that CenturyLink Inc. will post $2.53 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 7.87%. The ex-dividend date of this dividend was Wednesday, August 31st. CenturyLink’s dividend payout ratio (DPR) is presently 120.67%.
Several research analysts recently weighed in on the stock. Macquarie restated a “neutral” rating and issued a $30.00 price objective (down from $31.00) on shares of CenturyLink in a research report on Tuesday, September 13th. Royal Bank Of Canada upped their price objective on shares of CenturyLink from $29.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Monday, August 8th. Vetr upgraded shares of CenturyLink from a “sell” rating to a “hold” rating and set a $29.00 price objective on the stock in a research report on Monday, August 8th. Zacks Investment Research cut shares of CenturyLink from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Finally, Morgan Stanley cut shares of CenturyLink from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $31.00 to $27.00 in a research report on Monday, July 18th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. CenturyLink currently has a consensus rating of “Hold” and an average target price of $28.37.
In related news, Director Harvey P. Perry sold 20,000 shares of CenturyLink stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $31.00, for a total transaction of $620,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate 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.
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