Sheaff Brock Investment Advisors LLC Has $490,000 Position in CenturyLink, Inc. (CTL)
Sheaff Brock Investment Advisors LLC trimmed its stake in shares of CenturyLink, Inc. (NYSE:CTL) by 31.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,501 shares of the technology company’s stock after selling 9,225 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in CenturyLink were worth $490,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Endurance Wealth Management Inc. grew its stake in CenturyLink by 18.5% during the 2nd quarter. Endurance Wealth Management Inc. now owns 4,650 shares of the technology company’s stock worth $111,000 after purchasing an additional 725 shares in the last quarter. FNY Managed Accounts LLC acquired a new position in CenturyLink during the 1st quarter worth $120,000. Exane Derivatives grew its stake in CenturyLink by 27.6% during the 2nd quarter. Exane Derivatives now owns 6,645 shares of the technology company’s stock worth $159,000 after purchasing an additional 1,436 shares in the last quarter. First City Capital Management Inc. acquired a new position in CenturyLink during the 1st quarter worth $215,000. Finally, Greenleaf Trust acquired a new position in CenturyLink during the 2nd quarter worth $211,000. 83.02% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on the company. UBS AG set a $29.00 target price on CenturyLink and gave the stock a “buy” rating in a research note on Thursday, June 22nd. ValuEngine raised CenturyLink from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Royal Bank Of Canada reissued a “hold” rating and set a $25.00 target price on shares of CenturyLink in a research note on Thursday, May 25th. Barclays PLC lowered their target price on CenturyLink from $24.00 to $23.00 and set an “underweight” rating for the company in a research note on Thursday, June 29th. Finally, Morgan Stanley decreased their price target on CenturyLink from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, August 23rd. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $26.15.
Shares of CenturyLink, Inc. (NYSE:CTL) opened at 18.54 on Friday. The stock has a 50 day moving average price of $21.21 and a 200 day moving average price of $23.62. CenturyLink, Inc. has a 12-month low of $18.19 and a 12-month high of $33.45. The stock has a market capitalization of $10.19 billion, a P/E ratio of 26.87 and a beta of 0.89.
CenturyLink (NYSE:CTL) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by $0.03. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the business posted $0.63 EPS. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, equities analysts anticipate that CenturyLink, Inc. will post $1.95 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.54 per share. The ex-dividend date is Thursday, August 31st. This represents a $2.16 annualized dividend and a dividend yield of 11.65%. CenturyLink’s payout ratio is 313.04%.
CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. Its segments include business, which provides strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and consumer, which provides strategic and legacy products and services to residential customers.
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