The Centurylink Inc (CTL) Position Maintained by Henderson Group PLC

The Centurylink Inc (CTL) Position Maintained by Henderson Group PLC

Several other large investors have also made changes to their positions in the stock. State Street Corp boosted its stake in shares of Centurylink by 0.9% in the fourth quarter. State Street Corp now owns 30,864,205 shares of the technology company’s stock valued at $733,950,000 after buying an additional 271,764 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Centurylink by 150.5% in the first quarter. Wells Fargo & Company MN now owns 5,685,844 shares of the technology company’s stock valued at $134,016,000 after buying an additional 3,415,959 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Centurylink by 2.9% in the fourth quarter. AQR Capital Management LLC now owns 4,291,585 shares of the technology company’s stock valued at $102,054,000 after buying an additional 122,475 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Centurylink by 14.4% in the first quarter. First Trust Advisors LP now owns 4,270,429 shares of the technology company’s stock valued at $100,654,000 after buying an additional 536,111 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Centurylink by 53.3% in the fourth quarter. FMR LLC now owns 3,724,085 shares of the technology company’s stock valued at $88,559,000 after buying an additional 1,295,499 shares during the last quarter. 73.98% of the stock is owned by institutional investors.

Henderson Group PLC continued to hold its stake in shares of Centurylink Inc (NYSE:CTL) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 75,242 shares of the technology company’s stock at the end of the first quarter. Henderson Group PLC’s holdings in Centurylink were worth $1,773,000 as of its most recent SEC filing.

Centurylink Inc (NYSE CTL) opened at 25.87 on Monday. Centurylink Inc has a 52 week low of $22.33 and a 52 week high of $33.45. The company has a 50 day moving average of $25.10 and a 200 day moving average of $24.54. The company has a market capitalization of $14.20 billion, a price-to-earnings ratio of 25.36 and a beta of 0.83.

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 consensus estimate of $0.53 by $0.01. The company had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Centurylink had a net margin of 3.58% and a return on equity of 9.58%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 EPS. On average, equities analysts forecast that Centurylink Inc will post $2.11 EPS for the current fiscal year. The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Monday, June 5th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 8.35%. The ex-dividend date is Thursday, June 1st. Centurylink’s payout ratio is presently 186.21%.

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 consensus estimate of $0.53 by $0.01. The company had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Centurylink had a net margin of 3.58% and a return on equity of 9.58%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 EPS. On average, equities analysts forecast that Centurylink Inc will post $2.11 EPS for the current fiscal year. Several equities research analysts have weighed in on CTL shares. Goldman Sachs Group Inc reissued a “sell” rating and set a $19.00 price target on shares of Centurylink in a research report on Saturday, March 25th. Zacks Investment Research upgraded shares of Centurylink from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Morgan Stanley restated an “overweight” rating and issued a $27.00 price objective on shares of Centurylink in a report on Wednesday, March 29th. Vetr upgraded shares of Centurylink from a “hold” rating to a “buy” rating and set a $27.12 price objective for the company in a report on Monday, May 1st. Finally, Bank of America Corp restated a “buy” rating on shares of Centurylink in a report on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Centurylink currently has an average rating of “Hold” and an average target price of $26.24.

About Centurylink 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CTL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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