Centurylink Inc (CTL) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in Centurylink Inc (NYSE:CTL) by 24.1% in the third quarter, HoldingsChannel.com reports. The firm owned 78,000 shares of the technology company’s stock after selling 24,771 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Centurylink were worth $1,654,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CTL. Oregon Public Employees Retirement Fund increased its position in Centurylink by 1.2% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 204,271 shares of the technology company’s stock valued at $4,331,000 after buying an additional 2,465 shares in the last quarter. Baird Financial Group Inc. increased its position in Centurylink by 1.7% during the 2nd quarter. Baird Financial Group Inc. now owns 149,578 shares of the technology company’s stock valued at $2,788,000 after buying an additional 2,524 shares in the last quarter. Raymond James Trust N.A. increased its position in Centurylink by 9.2% during the 3rd quarter. Raymond James Trust N.A. now owns 30,396 shares of the technology company’s stock valued at $645,000 after buying an additional 2,567 shares in the last quarter. Vident Investment Advisory LLC increased its position in Centurylink by 20.2% during the 2nd quarter. Vident Investment Advisory LLC now owns 15,408 shares of the technology company’s stock valued at $287,000 after buying an additional 2,588 shares in the last quarter. Finally, Usca Ria LLC increased its position in Centurylink by 17.8% during the 3rd quarter. Usca Ria LLC now owns 17,215 shares of the technology company’s stock valued at $365,000 after buying an additional 2,600 shares in the last quarter. Institutional investors own 76.38% of the company’s stock.

CTL has been the subject of a number of analyst reports. Bank of America set a $27.00 price objective on Centurylink and gave the company a “buy” rating in a research report on Wednesday, August 8th. Citigroup raised their price objective on Centurylink from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, August 9th. Zacks Investment Research raised Centurylink from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Barclays reaffirmed a “hold” rating and set a $21.00 price objective on shares of Centurylink in a research report on Friday, August 10th. Finally, Morgan Stanley raised their price objective on Centurylink from $21.60 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, August 15th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $20.92.

Centurylink stock opened at $17.88 on Friday. The firm has a market capitalization of $19.82 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of -10.66 and a beta of 0.76. Centurylink Inc has a 12 month low of $13.16 and a 12 month high of $24.20. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.78 and a quick ratio of 0.78.

Centurylink (NYSE:CTL) last posted its earnings results on Thursday, November 8th. The technology company reported $0.30 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.30. The business had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.88 billion. Centurylink had a return on equity of 4.45% and a net margin of 7.81%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 EPS. Equities research analysts forecast that Centurylink Inc will post 1.15 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Monday, November 26th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 12.08%. The ex-dividend date of this dividend is Friday, November 23rd. Centurylink’s payout ratio is 146.94%.

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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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