United Capital Financial Advisers LLC Reduces Stake in CenturyLink, Inc. (CTL)

United Capital Financial Advisers LLC cut its position in CenturyLink, Inc. (NYSE:CTL) by 7.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 58,148 shares of the technology company’s stock after selling 4,427 shares during the period. United Capital Financial Advisers LLC’s holdings in CenturyLink were worth $1,371,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Exane Derivatives raised its position in CenturyLink by 29.7% in the first quarter. Exane Derivatives now owns 5,209 shares of the technology company’s stock worth $123,000 after buying an additional 1,194 shares in the last quarter. Independent Advisor Alliance acquired a new position in CenturyLink during the fourth quarter worth $142,000. Ledyard National Bank raised its position in CenturyLink by 7,467.0% in the first quarter. Ledyard National Bank now owns 7,340 shares of the technology company’s stock worth $173,000 after buying an additional 7,243 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in CenturyLink during the first quarter worth $200,000. Finally, Loudon Investment Management LLC acquired a new position in CenturyLink during the first quarter worth $208,000. 77.45% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for CenturyLink (NYSE:CTL)

CenturyLink, Inc. (NYSE CTL) traded down 0.4374% on Friday, hitting $24.2435. 2,747,111 shares of the stock were exchanged. The company has a 50-day moving average of $25.32 and a 200 day moving average of $24.69. The firm has a market cap of $13.31 billion, a P/E ratio of 23.7681 and a beta of 0.87. CenturyLink, Inc. has a 12 month low of $22.33 and a 12 month high of $33.45.

CenturyLink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.01. The firm had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.27 billion. CenturyLink had a return on equity of 8.96% and a net margin of 3.20%. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. Equities research analysts expect that CenturyLink, Inc. will post $2.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Monday, June 5th were paid a $0.54 dividend. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 8.87%. CenturyLink’s dividend payout ratio (DPR) is presently 211.77%.

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A number of research analysts recently weighed in on the stock. BidaskClub lowered shares of CenturyLink from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine lowered shares of CenturyLink from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank Of Canada reiterated a “hold” rating and issued a $25.00 price objective on shares of CenturyLink in a research note on Thursday, May 25th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of CenturyLink in a research note on Monday, May 15th. Finally, Bank of America Corporation reiterated a “buy” rating on shares of CenturyLink in a research note on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $26.09.

CenturyLink Company Profile

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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