CenturyLink, Inc. (CTL) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp increased its stake in shares of CenturyLink, Inc. (NYSE:CTL) by 5.7% during the first quarter, Holdings Channel reports. The institutional investor owned 503,671 shares of the technology company’s stock after buying an additional 27,069 shares during the period. Mackenzie Financial Corp’s holdings in CenturyLink were worth $11,872,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Guggenheim Capital LLC increased its stake in CenturyLink by 24.7% in the fourth quarter. Guggenheim Capital LLC now owns 2,522,508 shares of the technology company’s stock valued at $59,984,000 after buying an additional 499,495 shares in the last quarter. Focused Wealth Management Inc increased its stake in CenturyLink by 6.8% in the fourth quarter. Focused Wealth Management Inc now owns 6,308 shares of the technology company’s stock valued at $150,000 after buying an additional 400 shares in the last quarter. Glacier Peak Capital LLC bought a new stake in CenturyLink during the fourth quarter valued at approximately $1,011,000. GLG LLC increased its stake in CenturyLink by 6.8% in the fourth quarter. GLG LLC now owns 29,405 shares of the technology company’s stock valued at $699,000 after buying an additional 1,869 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in CenturyLink by 120.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 543,339 shares of the technology company’s stock valued at $12,921,000 after buying an additional 296,355 shares in the last quarter. 77.45% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for CenturyLink (NYSE:CTL)

Shares of CenturyLink, Inc. (CTL) traded down 2.96% during trading on Tuesday, hitting $24.61. The stock had a trading volume of 13,289,554 shares. The firm has a market cap of $13.51 billion, a P/E ratio of 24.13 and a beta of 0.87. The firm’s 50-day moving average is $25.34 and its 200-day moving average is $24.68. CenturyLink, Inc. has a one year low of $22.33 and a one year high of $33.45.

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

The company also recently announced a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Monday, June 5th were issued a dividend of $0.54 per share. The ex-dividend date was Thursday, June 1st. This represents a $2.16 annualized dividend and a yield of 8.52%. CenturyLink’s payout ratio is 211.77%.

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Several analysts have commented on the company. Zacks Investment Research raised CenturyLink from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Wednesday, April 26th. ValuEngine downgraded CenturyLink from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC reduced their price objective on CenturyLink from $26.00 to $23.00 and set a “hold” rating for the company in a research note on Thursday, May 4th. Cowen and Company set a $25.00 price objective on CenturyLink and gave the company a “market perform” rating in a research note on Thursday, May 4th. Finally, Vetr raised CenturyLink from a “hold” rating to a “buy” rating and set a $27.12 price objective for the company in a research note on Monday, May 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. CenturyLink presently has a consensus 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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