Guggenheim Capital LLC increased its position in shares of Centurylink Inc (NYSE:CTL) by 52.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,344,086 shares of the technology company’s stock after acquiring an additional 1,494,802 shares during the period. Guggenheim Capital LLC owned approximately 0.41% of Centurylink worth $72,459,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC acquired a new position in Centurylink during the third quarter worth about $115,000. Bessemer Group Inc. grew its holdings in Centurylink by 132.3% during the fourth quarter. Bessemer Group Inc. now owns 6,264 shares of the technology company’s stock worth $104,000 after acquiring an additional 3,568 shares during the period. Citizens Financial Group Inc RI acquired a new position in Centurylink during the fourth quarter worth about $111,000. Bronfman E.L. Rothschild L.P. grew its holdings in Centurylink by 250.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 6,753 shares of the technology company’s stock worth $113,000 after acquiring an additional 4,828 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Centurylink by 10,329.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,196 shares of the technology company’s stock worth $136,000 after acquiring an additional 7,127 shares during the period. 86.09% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on CTL shares. Zacks Investment Research lowered Centurylink from a “hold” rating to a “sell” rating in a report on Monday, November 13th. ValuEngine raised Centurylink from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Barclays raised Centurylink from an “underweight” rating to an “equal weight” rating and set a $16.00 price target on the stock in a research note on Friday, December 15th. Goldman Sachs Group raised Centurylink from a “sell” rating to a “neutral” rating and set a $19.00 price target on the stock in a research note on Monday, January 8th. Finally, Oppenheimer reissued a “buy” rating and issued a $20.00 price target on shares of Centurylink in a research note on Tuesday, January 9th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $22.01.
Centurylink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14). Centurylink had a return on equity of 5.88% and a net margin of 7.87%. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.69 billion. During the same quarter in the previous year, the business posted $0.54 earnings per share. analysts expect that Centurylink Inc will post 0.86 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Monday, March 5th will be given a dividend of $0.54 per share. The ex-dividend date is Friday, March 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 12.04%. Centurylink’s payout ratio is presently 122.73%.
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 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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