220,002 Shares in Corning Incorporated (NYSE:GLW) Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Administration Ltd. acquired a brand new place in Corning Integrated (NYSE:GLW – Free Report) throughout the 2nd quarter, in response to the corporate in its most up-to-date Type 13F submitting with the Securities & Alternate Fee. The institutional investor acquired 220,002 shares of the electronics maker’s inventory, valued at roughly $7,707,000.

A number of different hedge funds and different institutional buyers additionally lately purchased and offered shares of the corporate. Vanguard Group Inc. grew its stake in Corning by 0.7% within the first quarter. Vanguard Group Inc. now owns 92,746,889 shares of the electronics maker’s inventory value $3,423,287,000 after buying a further 671,480 shares within the final quarter. State Road Corp grew its stake in Corning by 2.2% within the first quarter. State Road Corp now owns 31,601,045 shares of the electronics maker’s inventory value $1,114,880,000 after buying a further 686,278 shares within the final quarter. Ameriprise Monetary Inc. grew its stake in Corning by 4.9% within the first quarter. Ameriprise Monetary Inc. now owns 15,953,780 shares of the electronics maker’s inventory value $563,232,000 after buying a further 741,788 shares within the final quarter. Geode Capital Administration LLC grew its stake in Corning by 2.2% within the first quarter. Geode Capital Administration LLC now owns 15,838,529 shares of the electronics maker’s inventory value $557,680,000 after buying a further 336,351 shares within the final quarter. Lastly, Morgan Stanley grew its stake in Corning by 26.5% within the fourth quarter. Morgan Stanley now owns 13,734,071 shares of the electronics maker’s inventory value $438,666,000 after buying a further 2,875,197 shares within the final quarter. Institutional buyers personal 67.74% of the corporate’s inventory.

Wall Road Analysts Forecast Progress

A number of analysts have issued stories on the corporate. Barclays dropped their goal worth on Corning from $33.00 to $28.00 and set an “equal weight” ranking on the inventory in a analysis report on Wednesday, October twenty fifth. Citigroup dropped their goal worth on Corning from $39.00 to $36.00 and set a “purchase” ranking on the inventory in a analysis report on Wednesday, October twenty fifth. StockNews.com assumed protection on Corning in a analysis report on Thursday, October fifth. They set a “maintain” ranking on the inventory. Oppenheimer dropped their goal worth on Corning from $42.00 to $37.00 and set an “outperform” ranking on the inventory in a analysis report on Wednesday, October twenty fifth. Lastly, TheStreet minimize Corning from a “b-” ranking to a “c+” ranking in a analysis report on Thursday, October twelfth. 5 equities analysis analysts have rated the inventory with a maintain ranking and 5 have assigned a purchase ranking to the corporate’s inventory. Based mostly on knowledge from MarketBeat, the corporate has a median ranking of “Reasonable Purchase” and a consensus goal worth of $34.89.

Learn Our Newest Analysis Report on GLW

Corning Inventory Efficiency

Shares of GLW opened at $28.48 on Friday. Corning Integrated has a 12 month low of $25.26 and a 12 month excessive of $37.10. The inventory has a fifty day shifting common worth of $28.93 and a 200-day shifting common worth of $31.49. The corporate has a present ratio of 1.70, a fast ratio of 1.08 and a debt-to-equity ratio of 0.61. The agency has a market cap of $24.30 billion, a PE ratio of 41.88, a P/E/G ratio of 10.57 and a beta of 1.07.

Corning (NYSE:GLW – Get Free Report) final issued its earnings outcomes on Tuesday, October twenty fourth. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $0.46 by ($0.01). The agency had income of $3.17 billion throughout the quarter, in comparison with analysts’ expectations of $3.51 billion. Corning had a return on fairness of 12.73% and a internet margin of 4.50%. The enterprise’s income was down 9.0% on a year-over-year foundation. Throughout the identical quarter final 12 months, the enterprise earned $0.51 EPS. Equities analysis analysts predict that Corning Integrated will publish 1.71 earnings per share for the present fiscal 12 months.

Corning Dividend Announcement

The corporate additionally lately introduced a quarterly dividend, which can be paid on Friday, December fifteenth. Traders of report on Friday, November seventeenth can be paid a $0.28 dividend. The ex-dividend date is Thursday, November sixteenth. This represents a $1.12 dividend on an annualized foundation and a yield of three.93%. Corning’s dividend payout ratio (DPR) is 164.71%.

About Corning

(Free Report)

Corning Integrated engages within the show applied sciences, optical communications, environmental applied sciences, specialty supplies, and life sciences companies worldwide. The corporate’s Show Applied sciences phase presents glass substrates for flat panel shows, together with liquid crystal shows and natural light-emitting diodes which can be utilized in televisions, pocket book computer systems, desktop screens, tablets, and handheld gadgets.

Learn Extra

Need to see what different hedge funds are holding GLW? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Corning Integrated (NYSE:GLW – Free Report).

Institutional Ownership by Quarter for Corning (NYSE:GLW)

This instantaneous information alert was generated by narrative science know-how and monetary knowledge from MarketBeat so as to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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