Fort Washington Investment Advisors Inc. OH Continues to Hold Holdings in CenturyLink, Inc. (CTL)
Fort Washington Investment Advisors Inc. OH maintained its stake in shares of CenturyLink, Inc. (NYSE:CTL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,186 shares of the technology company’s stock at the close of the 2nd quarter. Fort Washington Investment Advisors Inc. OH’s holdings in CenturyLink were worth $2,034,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in CTL. Endurance Wealth Management Inc. lifted its position in CenturyLink by 18.5% in the second quarter. Endurance Wealth Management Inc. now owns 4,650 shares of the technology company’s stock valued at $111,000 after purchasing an additional 725 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in CenturyLink in the first quarter valued at approximately $120,000. Exane Derivatives lifted its position in CenturyLink by 27.6% in the second quarter. Exane Derivatives now owns 6,645 shares of the technology company’s stock valued at $159,000 after purchasing an additional 1,436 shares during the last quarter. Wedbush Securities Inc. bought a new stake in CenturyLink in the first quarter valued at approximately $209,000. Finally, Greenleaf Trust bought a new stake in CenturyLink in the second quarter valued at approximately $211,000. Hedge funds and other institutional investors own 83.02% of the company’s stock.
Several brokerages have weighed in on CTL. UBS AG set a $29.00 price objective on CenturyLink and gave the company a “buy” rating in a research report on Thursday, June 22nd. BidaskClub downgraded CenturyLink from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Royal Bank Of Canada reiterated a “hold” rating and issued a $25.00 price objective on shares of CenturyLink in a research report on Thursday, May 25th. ValuEngine upgraded CenturyLink from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Finally, Cowen and Company reiterated a “neutral” rating on shares of CenturyLink in a research report on Monday, August 14th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $26.15.
Shares of CenturyLink, Inc. (NYSE:CTL) opened at 18.69 on Friday. CenturyLink, Inc. has a 52 week low of $18.19 and a 52 week high of $33.45. The company has a 50-day moving average price of $20.73 and a 200 day moving average price of $23.45. The stock has a market capitalization of $10.27 billion, a PE ratio of 27.09 and a beta of 0.89.
CenturyLink (NYSE:CTL) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.03). The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.09 billion. CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. Equities analysts forecast that CenturyLink, Inc. will post $1.94 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 11.55%. The ex-dividend date is Thursday, August 31st. CenturyLink’s dividend payout ratio (DPR) is presently 313.04%.
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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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