BB&T Securities LLC increased its stake in shares of Centurylink Inc (NYSE:CTL) by 16.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,982 shares of the technology company’s stock after purchasing an additional 24,231 shares during the period. BB&T Securities LLC’s holdings in Centurylink were worth $2,918,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Standard Life Aberdeen plc raised its holdings in Centurylink by 1,216.8% in the 4th quarter. Standard Life Aberdeen plc now owns 6,682,023 shares of the technology company’s stock valued at $111,491,000 after acquiring an additional 6,174,561 shares during the last quarter. Geode Capital Management LLC raised its holdings in Centurylink by 82.4% in the 4th quarter. Geode Capital Management LLC now owns 10,371,954 shares of the technology company’s stock valued at $172,650,000 after acquiring an additional 4,685,323 shares during the last quarter. ACR Alpine Capital Research LLC acquired a new position in Centurylink in the 4th quarter valued at $70,510,000. Beck Mack & Oliver LLC raised its holdings in Centurylink by 352.4% in the 4th quarter. Beck Mack & Oliver LLC now owns 4,265,697 shares of the technology company’s stock valued at $71,152,000 after acquiring an additional 3,322,807 shares during the last quarter. Finally, West Family Investments Inc. acquired a new position in Centurylink in the 4th quarter valued at $42,435,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.
Shares of Centurylink stock opened at $15.52 on Friday. The company has a market capitalization of $16,893.12, a price-to-earnings ratio of 8.82, a PEG ratio of -9.30 and a beta of 0.79. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.59. Centurylink Inc has a twelve month low of $13.16 and a twelve month high of $27.61.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Monday, March 5th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 13.92%. Centurylink’s dividend payout ratio (DPR) is 122.73%.
CTL has been the subject of several analyst reports. Bank of America set a $27.00 price target on Centurylink and gave the company a “buy” rating in a report on Wednesday, February 21st. ValuEngine downgraded Centurylink from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Oppenheimer reiterated a “buy” rating and issued a $20.00 price target on shares of Centurylink in a report on Tuesday, January 9th. Barclays upgraded Centurylink from an “underweight” rating to an “equal weight” rating and set a $16.00 price target for the company in a report on Friday, December 15th. Finally, Cowen set a $19.00 price target on Centurylink and gave the company a “hold” rating in a report on Thursday, February 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Centurylink currently has an average rating of “Hold” and a consensus target price of $21.65.
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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