It also increased its holding in Morgan Stanley (NYSE:MS) by 126,600 shares in the quarter, for a total of 5.32 million shares, and has risen its stake in American Express Co (NYSE:AXP). Thompson Investment Management Inc sold 18,323 shares as Corning Inc (GLW)'s stock rose 5.06%. Arizona State Retirement System's holdings in Corning were worth $6,858,000 as of its most recent SEC filing. Central Bank & Trust Co. now owns 4,264 shares of the electronics maker's stock valued at $128,000 after purchasing an additional 345 shares in the last quarter. Grove Bank & Trust now owns 5,255 shares of the electronics maker's stock valued at $158,000 after purchasing an additional 1,265 shares in the last quarter. Bridge Creek Capital Management LLC boosted its stake in Corning by 11.0% in the second quarter. The institutional investor owned 86,015 shares of the electronics maker's stock after acquiring an additional 36,052 shares during the period. Kornitzer Capital Management Inc. BlackRock Inc. lifted its position in Corning by 1,930.0% in the first quarter. Jacobus Wealth Management Inc. acquired a new stake in Corning in the 1st quarter valued at about $108,000. Institutional investors own 71.35% of the company's stock.
Corning Incorporated (GLW) opened at 29.15 on Wednesday. The volume of AABA witnessed a shift from 3.29 million shares, based on a 50-day average, to 19.9 million shares. Corning Incorporated has a 52-week low of $17.69 and a 52-week high of $26.99. The stock of Corning Incorporated (NYSE:GLW) has "Buy" rating given on Wednesday, October 26 by Deutsche Bank. The electronics maker reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.54 billion. Corning had a net margin of 39.35% and a return on equity of 10.90%. The company's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. On average, equities analysts expect that Corning Incorporated will post $1.67 EPS for the current year. Shareholders of record on Thursday, August 31st will be paid a $0.155 dividend. The ex-dividend date of this dividend is Friday, February 24th. GLW share have rallied by 20.11% in percentage terms since the start of the year - and added 0.59% in the last month. This represents a $0.62 annualized dividend and a yield of 2.13%. Corning Inc (GLW) now has a 14-day Commodity Channel Index (CCI) of 162.80. Drexel Hamilton reiterated a "sell" rating and issued a $17.50 target price on shares of Corning in a report on Wednesday, July 26th. The stock has "Market Perform" rating by Wells Fargo on Friday, January 6. Sanford C. Bernstein cut shares of Corning from an "outperform" rating to a "market perform" rating and set a $26.00 price target for the company.in a report on Wednesday, February 1st. They noted that the move was a valuation call. Susquehanna Bancshares Inc reaffirmed a "positive" rating on shares of Corning in a research report on Thursday, July 13th. Moreover, United Comml Bank has 0.22% invested in Corning Incorporated (NYSE:GLW) for 20,875 shares. Two Brokerage firms have recommended the share with a sell recommendation, around ten have issued a hold recommendation, six have published a buy recommendation and 1 has given a strong buy recommendation to The corporation. the share presently has a consensus rating of "Hold" and an average price objective of $28.21. Corning has a consensus rating of "Hold" and a consensus target price of $25.54. Also, VP Christine M. Pambianchi sold 33,000 shares of the company's stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $28.56, for a total value of $942,480.00. The portion of a company's profit allocated to each outstanding share of common stock was $2.2 a share in the trailing twelve months. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Following the transaction, the insider now directly owns 72,039 shares in the company, valued at approximately $2,055,272.67. The disclosure for this sale can be found here. Bnp Paribas Inv Ptnrs Sa invested in 89,967 shares or 0.02% of the stock.
03/31/2017 - Corning Incorporated was downgraded to "neutral" by analysts at Citigroup. The Company operates in five segments: Display Technologies, which manufactures glass substrates; Optical Communications, which is engaged in providing optical solutions; Environmental Technologies, which manufactures ceramic substrates and filter products; Specialty Materials, which manufactures products that provide over 150 material formulations for glass, glass ceramics and fluoride crystals, and Life Sciences segment, which is a developer, manufacturer and supplier of scientific laboratory products. It seems that CBS Corporation (NYSE:CBS) might see muted action given an ABR of 2.6 or Hold rating.