Centurylink Inc (CTL) Holdings Lifted by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. raised its position in Centurylink Inc (NYSE:CTL) by 22.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,051,897 shares of the technology company’s stock after buying an additional 552,396 shares during the period. UBS Asset Management Americas Inc.’s holdings in Centurylink were worth $50,906,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CTL. Bessemer Group Inc. increased its holdings in Centurylink by 132.3% in the fourth quarter. Bessemer Group Inc. now owns 6,264 shares of the technology company’s stock valued at $104,000 after buying an additional 3,568 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in Centurylink by 250.8% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 6,753 shares of the technology company’s stock valued at $113,000 after buying an additional 4,828 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new position in Centurylink in the third quarter valued at $115,000. Patriot Financial Group Insurance Agency LLC increased its holdings in Centurylink by 178.6% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 6,684 shares of the technology company’s stock valued at $134,000 after buying an additional 4,285 shares in the last quarter. Finally, Blue Granite Capital LLC acquired a new stake in shares of Centurylink in the third quarter valued at about $136,000. 59.37% of the stock is owned by institutional investors.
Several brokerages have recently issued reports on CTL. UBS Group dropped their target price on shares of Centurylink from $29.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, November 9th. Oppenheimer reiterated a “buy” rating and issued a $20.00 target price on shares of Centurylink in a research report on Tuesday, January 9th. Bank of America set a $27.00 target price on shares of Centurylink and gave the company a “buy” rating in a research report on Wednesday. Deutsche Bank reiterated a “hold” rating and issued a $16.00 target price on shares of Centurylink in a research report on Thursday, November 9th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $26.00 target price on shares of Centurylink in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $22.08.
Centurylink Inc (CTL) opened at $18.21 on Friday. The firm has a market cap of $19,470.00, a PE ratio of 6.07, a P/E/G ratio of -10.05 and a beta of 0.82. Centurylink Inc has a 52-week low of $13.16 and a 52-week high of $27.61. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.82 and a current ratio of 0.86.
Centurylink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.69 billion. Centurylink had a return on equity of 5.88% and a net margin of 7.87%. During the same quarter in the previous year, the firm posted $0.54 earnings per share. analysts anticipate that Centurylink Inc will post 0.82 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Monday, March 5th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 11.86%. Centurylink’s payout ratio is presently 72.00%.
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 Enterprise, 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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