Economy

Corning Incorporated (GLW) Holdings Increased by Park National Corp /oh

Next Financial Group, Inc controls 8,738 shares worth $263,000,000. Commerce Bank lifted its stake in shares of Corning by 14.9% in the 1st quarter. LSV Asset Management now owns 13,011,732 shares of the electronics maker's stock valued at $391,002,000 after purchasing an additional 165,214 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Corning in the 1st quarter valued at $1,869,000. Park National Corp /oh/ added to its ownership by buying 2,384 shares an increase of 9.2%. LSV Asset Management now owns 13,011,732 shares of the electronics maker's stock valued at $391,002,000 after acquiring an additional 165,214 shares during the period. Parametric Portfolio Associates LLC grew its stake in shares of Corning by 62.2% in the second quarter.

Corning Incorporated (GLW) is an interesting player in the Technology space, with a focus on Diversified Electronics.

Shares of the company are trading at $30.09 which is a tad above the 50 day moving average which is $29.29 and barely above the 200 day moving average of $29.09. The stock was trading at a distance of -6.54% from its 52-week highs and stands 35.25% away from its 52-week lows. The stock has a market cap of $27.24 billion, a price-to-earnings ratio of 7.85 and a beta of 1.36. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.54 billion. Corning had a net margin of 24.16% and a return on equity of 11.67%. The mean target price as estimated by the analysts for the company has been recorded at $30.07. During the same period in the previous year, the firm posted $0.37 EPS. The company's quarterly revenue was up 6.1% compared to the same quarter past year. As of the last earnings report the EPS was $2.24 and is projected to be $1.69 for the current year with 903,183,000 shares now outstanding.

Corning Incorporated (NYSE:GLW)'s stock had its "hold" rating reaffirmed by stock analysts at Jefferies Group LLC in a report released on Friday. Wall Street experts also assign a $30.07 price target on Corning Incorporated, pointing towards a -0.07% drop from current levels. The dividend payment was $0.155 per share for the quarter which is $0.62 annualized. The ex-dividend date of this dividend is Wednesday, November 15th. Corning's dividend payout ratio is 16.67%. The ex-dividend date will be Tuesday August 29th, 2017. Following the sale, the vice president now owns 73,145 shares in the company, valued at approximately $2,089,021.20. They now have a United States dollars 28 price target on the stock. Following the completion of the sale, the insider now owns 65,610 shares of the company's stock, valued at $1,808,867.70. The disclosure for this sale can be found here. They see Norfolk Southern Corporation (NSC) price hitting a mean target of $126.43 a share, meaning the stock still has potential that could drag the price another -3.09% Also, the recent close suggests the stock is underpriced by 9.61% compared to the most bullish target. Institutional investors own 71.30% of the company's stock.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by BBNS and is the sole property of of BBNS. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and global trademark & copyright law. The legal version of this report can be read at https://stocknewstimes.com/2017/10/07/voya-investment-management-llc-sells-4992-shares-of-corning-incorporated-glw.html.

The following firms have recently changed their position in GLW.

04/25/2017 - Corning Incorporated had its "sell" rating reiterated by analysts at Drexel Hamilton. Oppenheimer Holdings, Inc. restated a "hold" rating on shares of Corning in a report on Thursday, July 27th.

Jefferies Group LLC reaffirmed their hold rating on shares of Corning Incorporated (NYSE:GLW) in a research note issued to investors on Friday. Finally, Sanford C. Bernstein cut shares of Corning from an "outperform" rating to a "market perform" rating and set a $26.00 target price on the stock.in a report on Wednesday, February 1st. They now have a Dollars 35 price target on the stock.

Corning Incorporated is engaged in manufacturing specialty glass and ceramics. The Company's divisions include Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, Life Sciences and All Other. The Display Technologies segment makes glass substrates for flat panel liquid crystal displays. It is positive, as 42 investors sold GLW shares while 336 reduced holdings.



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