Exxonmobil Investment Management Inc Tx Lowers stake in Centurylink Inc (CTL)

Centurylink Inc (CTL) : Exxonmobil Investment Management Inc Tx reduced its stake in Centurylink Inc by 1.37% during the most recent quarter end. The investment management company now holds a total of 139,406 shares of Centurylink Inc which is valued at $3,869,911 after selling 1,940 shares in Centurylink Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Centurylink Inc makes up approximately 0.08% of Exxonmobil Investment Management Inc Tx’s portfolio.

Other Hedge Funds, Including , Simplex Trading added CTL to its portfolio by purchasing 24,065 company shares during the most recent quarter which is valued at $668,044. Centurylink Inc makes up approx 0.09% of Simplex Trading’s portfolio.First National Bank Of Mount Dora Trust Investment Services reduced its stake in CTL by selling 50 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 24,812 shares of CTL which is valued at $670,668. Centurylink Inc makes up approx 0.38% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.Chevy Chase Trust Holdings reduced its stake in CTL by selling 10,876 shares or 2.32% in the most recent quarter. The Hedge Fund company now holds 456,982 shares of CTL which is valued at $12,352,223. Centurylink Inc makes up approx 0.07% of Chevy Chase Trust Holdings’s portfolio.North Star Asset Management Inc reduced its stake in CTL by selling 675 shares or 3.24% in the most recent quarter. The Hedge Fund company now holds 20,169 shares of CTL which is valued at $545,168. Centurylink Inc makes up approx 0.06% of North Star Asset Management Inc’s portfolio.

Centurylink Inc opened for trading at $27.11 and hit $29.08 on the upside on Friday, eventually ending the session at $27.76, with a gain of 2.93% or 0.79 points. The heightened volatility saw the trading volume jump to 1,35,19,671 shares. Company has a market cap of $15,156 M.

On the company’s financial health, Centurylink Inc reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.59. The company had revenue of $4398.00 million for the quarter, compared to analysts expectations of $4390.47 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.55 EPS.

Many Wall Street Analysts have commented on Centurylink Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 8, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 31 from a previous price target of $29 .Shares were Downgraded by Morgan Stanley on Jul 18, 2016 to ” Underweight” and Lowered the Price Target to $ 27 from a previous price target of $31 .Macquarie Initiated Centurylink Inc on Jul 11, 2016 to “Neutral”, Price Target of the shares are set at $31.

CenturyLink Inc. is an integrated communications company. The Company is engaged in providing an array of communications services to residential business governmental and wholesale customers. The Company’s communications services include local and long-distance broadband private line Multi-Protocol Label Switching (MPLS) data integration managed hosting colocation Ethernet network access video wireless and other ancillary services. The Company operates in two segments: Business and Consumer. The Business segment provides strategic legacy and data integration products and services to enterprise wholesale and governmental customers including other communication providers. The Consumer segment provides strategic and legacy products and services to residential customers.

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