Economy

Corning Incorporated (GLW) Insider Sells 9242 Shares of Stock

AXA lifted its position in shares of Corning by 7.1% during the 1st quarter. The SI to Corning's float is 2.89%.

According to Corning Incorporated's latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 75.63%. It has outperformed by 36.68% the S&P500.

Seminole Management decreased Corning Inc (GLW) stake by 19.29% reported in 2017Q2 SEC filing. Harfst & Associates Inc. now owns 4,791 shares of the electronics maker's stock valued at $143,000 after acquiring an additional 1,481 shares during the last quarter. This represents a $0.62 annualized dividend and a dividend yield of 1.95%. About 987,760 shares traded. It is down 53.38% since November 9, 2016 and is uptrending. It has underperformed by 22.07% the S&P500. Of those analysts, 1 rate stock as a Strong Buy, 7 rate it as Hold, and just no analyst rates it as a Moderate Sell. Therefore 33% are positive.

GLW has been the subject of several research analyst reports. On Monday, June 19 the stock rating was maintained by Drexel Hamilton with "Sell". The rating was maintained by Goldman Sachs with "Neutral" on Tuesday, August 16. On Friday, February 26 the stock rating was maintained by Morgan Stanley with "Overwt/In-Line". The firm has "Sell" rating by Zacks given on Saturday, August 22. The rating was maintained by SunTrust on Monday, March 7 with "Neutral". The firm earned "Hold" rating on Wednesday, July 27 by Shore Capital. RBC Capital Markets has "Outperform" rating and $21 target.

Cedar Hill Associates Llc increased Ishares Sp Smallcap 600 Value (IJS) stake by 10,790 shares to 38,700 valued at $5.41M in 2017Q2. It also reduced Nike Inc Class B (NYSE:NKE) stake by 133 shares and now owns 52,102 shares.

Investors sentiment increased to 1.21 in 2017 Q2. Its up 0.12, from 0.8 in 2017Q1. It is negative, as 63 investors sold CPN shares while 94 reduced holdings. 31 funds opened positions while 32 raised stakes.

Bank Of The Ozarks holds 31.65% of its portfolio in Bank Of The Ozarks Inc for 1.89 million shares. Estabrook Capital Mgmt accumulated 383,312 shares. Raymond James Fincl Services has invested 0% in Calpine Corporation (NYSE:CPN). The insider, WEEKS WENDELL P, now holds 0 shares of GLW. Forte Llc Adv accumulated 24,459 shares. Arizona State Retirement Systems has 8,095 shares for 0% of their portfolio. Inv Centers Of America Inc reported 13,291 shares stake. Korea Invest holds 479,005 shares. Natixis Asset holds 8,489 shares or 0.01% of its portfolio. Following the sale, the chief executive officer now directly owns 65,333 shares in the company, valued at $2,049,496.21. Private Bancshares Tru invested in 11,100 shares. Amica Mutual stated it has 57,306 shares or 0.16% of all its holdings.

The average Wall Street analyst rating for Corning Incorporated is Hold, according to the average of 9 analyst scores. Therefore 29% are positive. Corning Incorporated had 42 analyst reports since July 30, 2015 according to SRatingsIntel. As per Monday, June 20, the company rating was initiated by Citigroup. Goldman Sachs Group Inc. reissued a "buy" rating on shares of Corning in a research note on Friday, August 26th. RBC Capital Markets maintained it with "Outperform" rating and $21 target in Friday, September 25 report. The stock now has a consensus rating of "Hold" and a consensus price target of $23.10. The stock has "Buy" rating by Deutsche Bank on Tuesday, September 15. The stock of Rightmove Plc (LON:RMV) has "Overweight" rating given on Wednesday, October 28 by Barclays Capital.

Since May 15, 2017, it had 0 buys, and 6 insider sales for $12.99 million activity. Also, insider Mark S. Rogus sold 9,242 shares of the company's stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $31.37, for a total value of $7,806,644.09.

WARNING: "Insider Selling: Corning Incorporated (GLW) Insider Sells 9,242 Shares of Stock" was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. Another trade for 5,422 shares valued at $158,064 was made by Schlesinger Edward A on Tuesday, May 9. Kinlin Clark S sold $1.21 million worth of Corning Incorporated (NYSE:GLW) on Thursday, June 1.

Investors sentiment increased to 0.92 in 2017 Q2. Its up 0.12, from 0.8 in 2017Q1. Of those transactions, there were 4,000 shares of GLW bought and 2.43 million shares sold. 89 funds opened positions while 257 raised stakes. There were 69 sold out positions, amounting to 11.04 million shares. Lmr Prtnrs Llp owns 73,632 shares for 0.14% of their portfolio. Contravisory Invest Management invested 2.14% in Corning Incorporated (NYSE:GLW). Signalpoint Asset Mgmt Ltd Com invested 0.1% in Corning Incorporated (NYSE:GLW). Paradigm Financial Ltd Liability reported 25,000 shares. Pinebridge Invs Lp holds 2,044 shares. Rockefeller Ser holds 0.01% of its portfolio in Corning Incorporated (NYSE:GLW) for 23,119 shares. First Bank & Trust Of Omaha has invested 0.02% of its portfolio in Corning Incorporated (NYSE:GLW). Cobblestone Capital Advisors Ltd Liability New York reported 6,806 shares. Glg Lp has invested 0.01% of its portfolio in Corning Incorporated (NYSE:GLW). The company has market cap of $28.01 billion. Its segments include Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, Life Sciences and All Other. It has a 27.23 P/E ratio. The Display Technologies segment manufactures glass substrates for flat panel liquid crystal displays (LCDs).

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