AEW Dynamite Drops in Ratings & Viewership for Full Gear Go-Home Episode
CA lawmakers unveil bills to reduce rising fuel, drug costs
Biden pledges £472m for rail project to improve access to Africa’s minerals
Empowered Funds LLC raised its position in Corning Incorporated ( NYSE:GLW – Free Report ) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,777 shares of the electronics maker’s stock after purchasing an additional 509 shares during the quarter. Empowered Funds LLC’s holdings in Corning were worth $803,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also modified their holdings of the company. City Holding Co. lifted its holdings in shares of Corning by 545.5% during the 3rd quarter. City Holding Co. now owns 710 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 600 shares in the last quarter. Global Trust Asset Management LLC lifted its stake in shares of Corning by 2,250.0% during the third quarter. Global Trust Asset Management LLC now owns 940 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 900 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Corning by 90.8% in the third quarter. Venturi Wealth Management LLC now owns 994 shares of the electronics maker’s stock worth $45,000 after buying an additional 473 shares during the period. Accordant Advisory Group Inc acquired a new stake in shares of Corning in the second quarter valued at about $39,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Corning during the 3rd quarter valued at about $45,000. 69.80% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Several analysts have issued reports on GLW shares. Mizuho raised shares of Corning from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $44.00 to $47.00 in a research report on Wednesday, August 21st. Barclays raised their price target on shares of Corning from $40.00 to $53.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price objective on shares of Corning from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Susquehanna raised their target price on Corning from $46.00 to $55.00 and gave the company a “positive” rating in a research note on Friday, September 20th. Finally, UBS Group boosted their price target on Corning from $46.00 to $51.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Corning currently has an average rating of “Moderate Buy” and a consensus price target of $50.08. Insiders Place Their Bets In other Corning news, SVP John P. Bayne, Jr. sold 5,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $48.39, for a total transaction of $241,950.00. Following the completion of the sale, the senior vice president now directly owns 6,700 shares of the company’s stock, valued at approximately $324,213. This represents a 42.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . 0.40% of the stock is currently owned by company insiders. Corning Stock Performance GLW stock opened at $48.52 on Friday. The company has a 50-day simple moving average of $46.33 and a 200 day simple moving average of $42.02. The company has a market capitalization of $41.54 billion, a P/E ratio of 285.41, a PEG ratio of 1.53 and a beta of 1.03. The company has a quick ratio of 1.05, a current ratio of 1.66 and a debt-to-equity ratio of 0.62. Corning Incorporated has a fifty-two week low of $27.57 and a fifty-two week high of $51.03. Corning ( NYSE:GLW – Get Free Report ) last posted its quarterly earnings data on Tuesday, October 29th. The electronics maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.72 billion. Corning had a net margin of 1.24% and a return on equity of 13.45%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. Sell-side analysts predict that Corning Incorporated will post 1.95 earnings per share for the current fiscal year. Corning Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 15th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Friday, November 15th. Corning’s payout ratio is 658.82%. About Corning ( Free Report ) Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Featured Articles Receive News & Ratings for Corning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corning and related companies with MarketBeat.com's FREE daily email newsletter .