Norinchukin Bank The Boosts Stock Position in Lumen Technologies, Inc. (NYSE:LUMN)

Norinchukin Bank The grew its position in Lumen Technologies, Inc. (NYSE:LUMNGet Rating) by 8.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,786 shares of the technology company’s stock after acquiring an additional 6,378 shares during the quarter. Norinchukin Bank The’s holdings in Lumen Technologies were worth $956,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in LUMN. Tcwp LLC acquired a new position in Lumen Technologies during the 1st quarter valued at approximately $27,000. Parkside Financial Bank & Trust lifted its holdings in shares of Lumen Technologies by 93.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,501 shares of the technology company’s stock valued at $32,000 after buying an additional 1,210 shares during the period. Sittner & Nelson LLC acquired a new stake in shares of Lumen Technologies in the first quarter valued at $39,000. First Quadrant LLC CA acquired a new stake in shares of Lumen Technologies in the first quarter valued at $40,000. Finally, Lindbrook Capital LLC raised its position in shares of Lumen Technologies by 434.9% during the first quarter. Lindbrook Capital LLC now owns 4,916 shares of the technology company’s stock worth $55,000 after purchasing an additional 3,997 shares during the period. 79.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LUMN. TheStreet lowered Lumen Technologies from a “b” rating to a “c” rating in a research report on Monday, August 15th. Royal Bank of Canada boosted their target price on Lumen Technologies from $10.00 to $11.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 11th. Finally, JPMorgan Chase & Co. began coverage on Lumen Technologies in a research report on Friday, August 5th. They set an “underweight” rating and a $10.00 target price on the stock.

Lumen Technologies Stock Down 2.2 %

NYSE:LUMN opened at $9.85 on Friday. The firm has a market capitalization of $10.20 billion, a price-to-earnings ratio of 5.19, a PEG ratio of 0.78 and a beta of 0.97. Lumen Technologies, Inc. has a 1-year low of $9.31 and a 1-year high of $14.49. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 2.29. The business’s fifty day moving average price is $10.87 and its 200 day moving average price is $10.96.

Lumen Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Tuesday, August 30th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 10.15%. The ex-dividend date of this dividend is Monday, August 29th. Lumen Technologies’s payout ratio is 51.55%.

Lumen Technologies Profile

(Get Rating)

Lumen Technologies, Inc, a facilities-based technology and communications company, provides various integrated products and services under the Lumen, Quantum Fiber, and CenturyLink brands to business and residential customers in the United States and internationally. The company operates in two segments, Business and Mass Markets.

Further Reading

Institutional Ownership by Quarter for Lumen Technologies (NYSE:LUMN)

Receive News & Ratings for Lumen Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumen Technologies and related companies with MarketBeat.com's FREE daily email newsletter.