Rampart Investment Management Company LLC lessened its position in Centurylink Inc (NYSE:CTL) by 14.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,884 shares of the technology company’s stock after selling 2,946 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Centurylink were worth $315,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of CTL. Mackay Shields LLC purchased a new stake in shares of Centurylink in the 1st quarter valued at approximately $2,690,000. Victory Capital Management Inc. lifted its position in shares of Centurylink by 3.6% in the 1st quarter. Victory Capital Management Inc. now owns 507,366 shares of the technology company’s stock valued at $8,336,000 after acquiring an additional 17,754 shares in the last quarter. M&T Bank Corp increased its stake in Centurylink by 83.4% in the 1st quarter. M&T Bank Corp now owns 111,857 shares of the technology company’s stock valued at $1,839,000 after buying an additional 50,879 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Centurylink by 97.9% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 80,786 shares of the technology company’s stock valued at $1,327,000 after buying an additional 39,962 shares during the period. Finally, Eaton Vance Management increased its stake in Centurylink by 437.1% in the 1st quarter. Eaton Vance Management now owns 66,201 shares of the technology company’s stock valued at $1,088,000 after buying an additional 53,876 shares during the period. Institutional investors and hedge funds own 77.05% of the company’s stock.

In other news, Director Glen F. Post III sold 150,000 shares of the stock in a transaction on Monday, August 13th. The shares were sold at an average price of $22.00, for a total transaction of $3,300,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Several research firms have weighed in on CTL. Moffett Nathanson reiterated a “sell” rating and issued a $23.00 price objective on shares of Centurylink in a research note on Wednesday, August 22nd. Hanson lowered shares of Centurylink from a “neutral” rating to a “sell” rating and set a $19.00 price objective on the stock. in a research note on Wednesday, August 22nd. Royal Bank of Canada upped their price objective on shares of Centurylink to $27.00 and gave the company an “outperform” rating in a research note on Thursday, August 16th. Morgan Stanley upped their price objective on shares of Centurylink from $21.60 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, August 15th. Finally, ValuEngine upgraded shares of Centurylink from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $21.18.

Shares of CTL opened at $22.94 on Thursday. Centurylink Inc has a 12 month low of $13.16 and a 12 month high of $24.20. The firm has a market cap of $24.33 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of -14.14 and a beta of 0.83. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.60.

Centurylink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, August 8th. The technology company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. Centurylink had a net margin of 7.62% and a return on equity of 4.50%. The company had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.92 billion. During the same quarter in the prior year, the business posted $0.46 EPS. Centurylink’s quarterly revenue was up 44.3% on a year-over-year basis. equities research analysts forecast that Centurylink Inc will post 1.06 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be paid a dividend of $0.54 per share. The ex-dividend date is Thursday, August 30th. This represents a $2.16 annualized dividend and a dividend yield of 9.42%. Centurylink’s dividend payout ratio (DPR) is 146.94%.

About Centurylink

CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers primarily in the United States. It operates in two segments, Business and Consumer. The company offers virtual private network data network services; Ethernet services; Internet protocol services; CenturyLink Prism TV that allows customers to watch television or cable channels and record up to four shows on one home digital video recorder; and Vyvx, which provides audio and video feeds over fiber or satellite for broadcast and production customers, as well as satellite digital television services.

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Institutional Ownership by Quarter for Centurylink (NYSE:CTL)

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