City Holding Company Decreased Centurylink Com (CTL) Holding by $525,136; As Western Digital (WDC) Shares Rose, Orca Investment Management Has Trimmed by $2.41 Million Its Position

April 22, 2018 - By Vivian Park

Western Digital Corporation (NASDAQ:WDC) Logo

City Holding Company decreased its stake in Centurylink Inc Com (CTL) by 80.55% based on its latest 2017Q4 regulatory filing with the SEC. City Holding Company sold 32,821 shares as the company’s stock declined 6.44% with the market. The institutional investor held 7,923 shares of the public utilities company at the end of 2017Q4, valued at $132,000, down from 40,744 at the end of the previous reported quarter. City Holding Company who had been investing in Centurylink Inc Com for a number of months, seems to be less bullish one the $19.00 billion market cap company. The stock increased 1.67% or $0.29 during the last trading session, reaching $17.61. About 9.81 million shares traded. CenturyLink, Inc. (NYSE:CTL) has declined 28.66% since April 22, 2017 and is downtrending. It has underperformed by 40.21% the S&P500.

Orca Investment Management Llc decreased its stake in Western Digital Corp (WDC) by 52.31% based on its latest 2017Q4 regulatory filing with the SEC. Orca Investment Management Llc sold 30,553 shares as the company’s stock rose 14.25% while stock markets declined. The institutional investor held 27,852 shares of the electronic components company at the end of 2017Q4, valued at $2.22 million, down from 58,405 at the end of the previous reported quarter. Orca Investment Management Llc who had been investing in Western Digital Corp for a number of months, seems to be less bullish one the $26.65 billion market cap company. The stock increased 0.06% or $0.05 during the last trading session, reaching $89.56. About 3.26 million shares traded. Western Digital Corporation (NASDAQ:WDC) has risen 17.32% since April 22, 2017 and is uptrending. It has outperformed by 5.77% the S&P500.

Among 23 analysts covering Centurylink Inc. (NYSE:CTL), 7 have Buy rating, 1 Sell and 15 Hold. Therefore 30% are positive. Centurylink Inc. had 60 analyst reports since July 31, 2015 according to SRatingsIntel. Jefferies maintained it with “Hold” rating and $22.0 target in Tuesday, October 3 report. As per Wednesday, October 18, the company rating was maintained by Cowen & Co. The rating was upgraded by Barclays Capital on Friday, December 15 to “Equal-Weight”. The stock of CenturyLink, Inc. (NYSE:CTL) earned “Hold” rating by Cowen & Co on Thursday, February 15. Citigroup maintained CenturyLink, Inc. (NYSE:CTL) rating on Monday, March 14. Citigroup has “Neutral” rating and $32 target. The firm has “Mkt Perform” rating given on Friday, October 28 by Raymond James. The stock of CenturyLink, Inc. (NYSE:CTL) has “Outperform” rating given on Friday, November 10 by Oppenheimer. The stock of CenturyLink, Inc. (NYSE:CTL) has “Hold” rating given on Tuesday, December 13 by SunTrust. The firm earned “Hold” rating on Thursday, November 9 by SunTrust. The firm earned “Hold” rating on Friday, May 26 by RBC Capital Markets.

Investors sentiment increased to 1.99 in Q4 2017. Its up 1.04, from 0.95 in 2017Q3. It improved, as 78 investors sold CTL shares while 110 reduced holdings. 118 funds opened positions while 256 raised stakes. 888.76 million shares or 103.84% more from 436.00 million shares in 2017Q3 were reported. Credit Invests Limited Liability Co has invested 1.82% in CenturyLink, Inc. (NYSE:CTL). Hartford Invest Management accumulated 306,944 shares. 12,290 are owned by Spears Abacus Lc. Benjamin F Edwards owns 4,410 shares or 0.01% of their US portfolio. Zacks Inv Mngmt accumulated 0.01% or 25,230 shares. Alps Inc stated it has 0.38% of its portfolio in CenturyLink, Inc. (NYSE:CTL). Mutual Of America Cap Mngmt Lc invested in 280,648 shares. Veritable LP stated it has 22,027 shares. Lorber David A holds 0.55% or 12,582 shares in its portfolio. Winch Advisory Ltd Limited Liability Company holds 0% or 78 shares. Blair William Il has 33,607 shares. Live Your Vision Ltd Liability Corp holds 0% or 755 shares in its portfolio. Amp Invsts has invested 0.03% in CenturyLink, Inc. (NYSE:CTL). Verition Fund Ltd invested in 31,675 shares or 0.05% of the stock. Moreover, Dnb Asset As has 0.02% invested in CenturyLink, Inc. (NYSE:CTL) for 105,627 shares.

Since April 3, 2018, it had 2 buys, and 0 insider sales for $215.07 million activity.

Analysts await CenturyLink, Inc. (NYSE:CTL) to report earnings on May, 9 after the close. They expect $0.15 earnings per share, down 71.15% or $0.37 from last year’s $0.52 per share. CTL’s profit will be $161.84 million for 29.35 P/E if the $0.15 EPS becomes a reality. After $0.18 actual earnings per share reported by CenturyLink, Inc. for the previous quarter, Wall Street now forecasts -16.67% negative EPS growth.

Investors sentiment decreased to 1.07 in Q4 2017. Its down 0.05, from 1.12 in 2017Q3. It turned negative, as 68 investors sold WDC shares while 219 reduced holdings. 82 funds opened positions while 224 raised stakes. 243.21 million shares or 1.21% more from 240.32 million shares in 2017Q3 were reported. Mackenzie Finance accumulated 195,155 shares or 0.04% of the stock. Earnest Prns Limited Liability reported 0% in Western Digital Corporation (NASDAQ:WDC). 2.20 million were reported by Wells Fargo And Co Mn. Moneta Group Inc Investment Advisors Ltd Liability Corporation has 3 shares. Moreover, Strs Ohio has 0.07% invested in Western Digital Corporation (NASDAQ:WDC). South Dakota Invest Council has 365,310 shares. 136,992 are held by Natixis. The British Columbia – Canada-based British Columbia Invest has invested 0.1% in Western Digital Corporation (NASDAQ:WDC). Carroll Fincl Associates accumulated 59 shares or 0% of the stock. Cibc Asset Management reported 39,144 shares stake. Buckhead Mgmt Lc owns 56,187 shares. Evercore Wealth Limited Co stated it has 4,060 shares. Jefferies Grp Inc Lc stated it has 0.03% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Loomis Sayles & Limited Partnership holds 0% in Western Digital Corporation (NASDAQ:WDC) or 936 shares. Northeast Consultants holds 0.16% or 5,884 shares.

Among 36 analysts covering Western Digital (NASDAQ:WDC), 25 have Buy rating, 1 Sell and 10 Hold. Therefore 69% are positive. Western Digital had 164 analyst reports since July 23, 2015 according to SRatingsIntel. As per Thursday, September 29, the company rating was maintained by Barclays Capital. BMO Capital Markets upgraded Western Digital Corporation (NASDAQ:WDC) rating on Thursday, January 5. BMO Capital Markets has “Outperform” rating and $90 target. The stock of Western Digital Corporation (NASDAQ:WDC) has “Buy” rating given on Friday, July 28 by Guggenheim. Barclays Capital maintained the shares of WDC in report on Friday, October 27 with “Overweight” rating. The firm earned “Buy” rating on Sunday, June 4 by Mizuho. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, May 27. Summit Redstone Partners downgraded the stock to “Hold” rating in Friday, January 26 report. Guggenheim initiated it with “Buy” rating and $100 target in Wednesday, January 4 report. The firm has “Buy” rating by Citigroup given on Wednesday, January 27. The stock of Western Digital Corporation (NASDAQ:WDC) has “Buy” rating given on Tuesday, October 10 by RBC Capital Markets.

Since January 29, 2018, it had 0 buys, and 11 sales for $24.09 million activity. MILLIGAN STEPHEN D had sold 90,755 shares worth $8.00 million on Monday, January 29. LONG MARK P also sold $376,037 worth of Western Digital Corporation (NASDAQ:WDC) shares. $942,109 worth of Western Digital Corporation (NASDAQ:WDC) was sold by Sivaram Srinivasan.

CenturyLink, Inc. (NYSE:CTL) Institutional Positions Chart

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