Toronto Dominion Bank Has $10.29 Million Stake in Centurylink Inc (NYSE:CTL)

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Toronto Dominion Bank lifted its holdings in shares of Centurylink Inc (NYSE:CTL) by 14.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 874,739 shares of the technology company’s stock after buying an additional 111,860 shares during the quarter. Toronto Dominion Bank owned about 0.08% of Centurylink worth $10,285,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CTL. Zeke Capital Advisors LLC grew its holdings in Centurylink by 7.0% during the second quarter. Zeke Capital Advisors LLC now owns 15,037 shares of the technology company’s stock valued at $177,000 after purchasing an additional 981 shares during the period. Focused Wealth Management Inc grew its holdings in Centurylink by 12.7% during the second quarter. Focused Wealth Management Inc now owns 8,845 shares of the technology company’s stock valued at $104,000 after purchasing an additional 1,000 shares during the period. Dynamic Technology Lab Private Ltd grew its holdings in Centurylink by 2.9% during the first quarter. Dynamic Technology Lab Private Ltd now owns 36,442 shares of the technology company’s stock valued at $437,000 after purchasing an additional 1,042 shares during the period. Hartford Investment Management Co. grew its holdings in Centurylink by 1.1% during the second quarter. Hartford Investment Management Co. now owns 104,795 shares of the technology company’s stock valued at $1,232,000 after purchasing an additional 1,114 shares during the period. Finally, Perigon Wealth Management LLC grew its holdings in Centurylink by 5.9% during the second quarter. Perigon Wealth Management LLC now owns 20,502 shares of the technology company’s stock valued at $241,000 after purchasing an additional 1,135 shares during the period. Institutional investors own 73.31% of the company’s stock.

CTL traded down $0.63 during trading on Friday, reaching $12.90. The company had a trading volume of 15,965,910 shares, compared to its average volume of 11,062,754. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.60 and a quick ratio of 0.60. Centurylink Inc has a 12 month low of $9.64 and a 12 month high of $23.23. The business’s fifty day moving average price is $11.57 and its 200 day moving average price is $11.58. The company has a market cap of $14.76 billion, a P/E ratio of 10.84, a PEG ratio of 0.96 and a beta of 0.83.

Centurylink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. Centurylink had a negative net margin of 34.77% and a positive return on equity of 8.30%. The firm had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The business’s revenue was down 5.4% on a year-over-year basis. As a group, sell-side analysts predict that Centurylink Inc will post 1.32 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, September 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date was Thursday, August 29th. Centurylink’s payout ratio is currently 84.03%.

A number of brokerages recently issued reports on CTL. Wells Fargo & Co set a $14.00 price objective on shares of Centurylink and gave the company a “buy” rating in a report on Monday, August 12th. JPMorgan Chase & Co. cut shares of Centurylink from a “neutral” rating to an “underweight” rating and set a $10.00 price objective for the company. in a report on Thursday, August 8th. Raymond James upgraded shares of Centurylink from an “underperform” rating to a “market perform” rating in a report on Thursday, August 8th. Finally, Guggenheim set a $10.00 price objective on shares of Centurylink and gave the company a “hold” rating in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. Centurylink presently has a consensus rating of “Hold” and a consensus price target of $14.59.

Centurylink Profile

CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers in the United States and internationally. The company operates in two segments, Business and Consumer. It offers VPN data network services; Ethernet services; Internet protocol (IP) services; facilities-based Prism TV service, as well as satellite digital television services; CDN services; and Vyvx broadcast services.

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Institutional Ownership by Quarter for Centurylink (NYSE:CTL)

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