Corning Incorporated (GLW) Stake Increased by Vanguard Group Inc

Paterniano Del Favero
Agosto 26, 2017

GLW has been the topic of a number of recent research reports. The Virginia-based Virginia Retirement Et Al has invested 0.22% in Corning Incorporated (NYSE:GLW). The stock of Corning Incorporated (NYSE:GLW) earned "Outperform" rating by RBC Capital Markets on Wednesday, October 28. Canaccord Genuity maintained the shares of CINE in report on Thursday, August 13 with "Buy" rating. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Stifel Nicolaus maintained it with "Hold" rating and $2800 target in Friday, July 21 report.

Corning (GLW) traded up 0.63% on Thursday, reaching $28.74. About 376,166 shares traded.

According to Financial Times, The 14 analysts offering 12 month price targets for Corning Incorporated have a median target of 30.00, with a high estimate of 35.00 and a low estimate of 17.50.

Company shares last traded at $28.56 marginally under $29.86, the stock's 50 day moving average and a tad below the 200 day moving average of $28.65. Corning has a 12 month low of $22.14 and a 12 month high of $32.17. $940,648 worth of Corning Incorporated (NYSE:GLW) shares were sold by RIEMAN DEBORAH. The dividend payment will be $0.155 per share for the quarter which is $0.62 annualized. Corning Incorporated (NYSE:GLW) has risen 53.38% since August 24, 2016 and is uptrending. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the prior year, the company earned $0.37 EPS. The shares price has directed 26.04% toward a higher level throughout previous year and swapped -6.11% toward a weak spot during past one month. In the last earnings report the EPS was $2.24 and is expected to be $1.71 for the current year with 903,183,000 shares presently outstanding. IFP Advisors Inc now owns 25,936 shares of the electronics maker's stock worth $779,000 after buying an additional 304 shares during the period. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & global copyright and trademark legislation. The correct version of this article can be read at https://www.truebluetribune.com/2017/08/25/korea-investment-corp-lowers-stake-in-corning-incorporated-glw.html. The company also announced a dividend for shareholders to be paid on Friday September 29th, 2017. Numis Securities maintained the shares of CINE in report on Thursday, August 10 with "Hold" rating. Bridgeway Inc accumulated 0.7% or 2.20 million shares. Citigroup maintained the stock with "Buy" rating in Friday, August 26 report. Corning's payout ratio is 27.93%.

In other news, insider Clark S. Kinlin sold 40,717 shares of the firm's stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $29.62, for a total value of $1,206,037.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Wendell P. Weeks sold 153,500 shares of the firm's stock in a transaction dated Monday, June 5th. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 347,963 shares of company stock valued at $10,209,969. Forte Cap Ltd Limited Liability Company Adv invested in 26,582 shares or 0.24% of the stock. Clappin James P also sold $3.13M worth of Corning Incorporated (NYSE:GLW) shares. Waldron LP increased its position in shares of Corning by 72.6% in the first quarter. United Bank /va/ added to its stake by buying 200 shares an increase of 0.3%. The stock decreased 1.31% or $0.04 during the last trading session, reaching $3.01. Finally, IHT Wealth Management LLC boosted its position in shares of Corning by 13.4% in the second quarter. IHT Wealth Management LLC now owns 4,117 shares of the electronics maker's stock valued at $165,000 after buying an additional 485 shares during the last quarter. Hedge funds and other institutional investors own 73.87% of the company's stock. Vnbtrust Association has 0.13% invested in Corning Incorporated (NYSE:GLW). The Display Technologies segment manufactures glass substrates for flat panel liquid crystal displays (LCDs).

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