Will CenturyLink’s Colossal Stockholders Ride the Revenue Momentum?
For the year-t0-date, CenturyLink, Inc.’s (NYSE:CTL) shares are up 1.53 percent. On May 9, the company reported its first quarter earnings and saw a profit with a more than two-fold increase in revenue to $4.61 billion from the year-earlier quarter. CenturyLink did report a 5.3 percent net income drop to $200 million (32 cents per share) vs. $211.1 million (69 cents per share) from the previous year.
Glen F. Post, III, chief executive officer and president said of the results, “CenturyLink delivered solid financial results again this quarter, highlighting our continuing growth of broadband and PrismTM TV customers, as well as good operating expense control. We continue to improve our top-line revenue trend and deliver strong subscriber results while investing in key strategic initiatives and meeting our synergy targets for both the Qwest and Savvis integrations. Our local operating model continues to help drive revenues and improve customer trends.”
From CenturyLink’s continually rising revenue, is this enough for the company’s largest shareholders to increase their holdings? 711 institutional firms indicated owning shares of CenturyLink, Inc. (NYSE:CTL) in Q1 2012. These firms reported owning a total of 427.265 million shares on 03/31/2012. The shares closed at $37.94 on 03/31/2012.
Here are the ten largest positions in CenturyLink, Inc. at the end of March 31st, 2012.
State Street Corp held 33,683,042 shares on 03/31/2012 worth $1,301,849,625. This brought the portfolio total to 0.2%.
Capital Research Global Investors held 30,472,945 shares on 03/31/2012 worth $1,177,779,371. This brought the portfolio total to 0.5%.
Vanguard Group Inc held 25,323,178 shares on 03/31/2012 worth $978,740,868. This brought the portfolio total to 0.13%.
Alliancebernstein L.P. held 17,224,720 shares on 03/31/2012 worth $665,735,454. This brought the portfolio total to 0.67%.
Blackrock Institutional Trust Company N.A. held 15,829,327 shares on 03/31/2012 worth $611,803,513. This brought the portfolio total to 0.14%.
Capital World Investors held 13,791,120 shares on 03/31/2012 worth $533,026,809. This brought the portfolio total to 0.19%.
Morgan Stanley held 10,711,265 shares on 03/31/2012 worth $413,990,409. This brought the portfolio total to 0.22%.
Blackrock Fund Advisors held 10,434,543 shares on 03/31/2012 worth $403,295,103. This brought the portfolio total to 0.19%.
Blackrock Advisors LLC held 9,756,845 shares on 03/31/2012 worth $377,102,074. This brought the portfolio total to 0.38%.
Federated Investors Inc /PA/ held 8,778,636 shares on 03/31/2012 worth $339,294,295. This brought the portfolio total to 1.54%.
About the company: CenturyLink Inc. is an integrated communications company. The Company provides a wide range of communications services, including local and long distance voice, Internet access and broadband services. CenturyLink operates throughout the United States.
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