GAMMA Investing LLC boosted its holdings in shares of Corning Included (NYSE:GLW – Free Report) by 236.7% within the third quarter, based on the corporate in its most up-to-date Kind 13F submitting with the Securities & Change Fee. The agency owned 6,875 shares of the electronics maker’s inventory after buying a further 4,833 shares throughout the interval. GAMMA Investing LLC’s holdings in Corning had been price $310,000 as of its most up-to-date SEC submitting.
Numerous different hedge funds and different institutional buyers have additionally just lately added to or lowered their stakes within the enterprise. Czech Nationwide Financial institution lifted its stake in Corning by 6.8% throughout the third quarter. Czech Nationwide Financial institution now owns 156,883 shares of the electronics maker’s inventory price $7,083,000 after buying a further 9,970 shares throughout the interval. Handelsbanken Fonder AB elevated its holdings in shares of Corning by 0.8% throughout the third quarter. Handelsbanken Fonder AB now owns 434,609 shares of the electronics maker’s inventory price $19,623,000 after shopping for a further 3,325 shares within the final quarter. Bard Monetary Providers Inc. acquired a brand new stake in shares of Corning throughout the third quarter price roughly $993,000. Quent Capital LLC elevated its holdings in shares of Corning by 64.9% throughout the third quarter. Quent Capital LLC now owns 1,936 shares of the electronics maker’s inventory price $87,000 after shopping for a further 762 shares within the final quarter. Lastly, Goelzer Funding Administration Inc. acquired a brand new stake in shares of Corning throughout the third quarter price roughly $2,961,000. Institutional buyers personal 69.80% of the corporate’s inventory.
Analyst Upgrades and Downgrades
A number of analysts have just lately weighed in on the inventory. Citigroup raised their worth goal on shares of Corning from $45.00 to $51.00 and gave the inventory a “purchase” ranking in a report on Friday, July twelfth. HSBC raised shares of Corning from a “scale back” ranking to a “maintain” ranking and set a $37.00 worth goal for the corporate in a report on Tuesday, July ninth. UBS Group raised their worth goal on shares of Corning from $38.00 to $44.00 and gave the inventory a “impartial” ranking in a report on Tuesday, July ninth. Fox Advisors raised shares of Corning from an “equal weight” ranking to an “chubby” ranking and set a $45.00 worth goal for the corporate in a report on Monday, June seventeenth. Lastly, Deutsche Financial institution Aktiengesellschaft raised their worth goal on shares of Corning from $46.00 to $49.00 and gave the corporate a “purchase” ranking in a report on Wednesday. Six analysts have rated the inventory with a maintain ranking and 9 have issued a purchase ranking to the corporate’s inventory. In keeping with MarketBeat.com, the inventory presently has a mean ranking of “Reasonable Purchase” and a consensus worth goal of $47.23.
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Corning Value Efficiency
GLW opened at $46.02 on Friday. The corporate has a fifty day transferring common worth of $42.07 and a two-hundred day transferring common worth of $38.66. The corporate has a debt-to-equity ratio of 0.63, a fast ratio of 0.98 and a present ratio of 1.57. Corning Included has a 52 week low of $25.26 and a 52 week excessive of $47.45. The agency has a market capitalization of $39.42 billion, a PE ratio of 64.82, a P/E/G ratio of 1.73 and a beta of 1.04.
Corning (NYSE:GLW – Get Free Report) final launched its earnings outcomes on Tuesday, July thirtieth. The electronics maker reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Corning had a web margin of three.53% and a return on fairness of 12.69%. The agency had income of $3.60 billion throughout the quarter, in comparison with analyst estimates of $3.55 billion. Throughout the identical quarter within the earlier 12 months, the enterprise earned $0.45 EPS. The enterprise’s quarterly income was up 3.5% in comparison with the identical quarter final 12 months. As a bunch, analysts anticipate that Corning Included will publish 1.91 earnings per share for the present 12 months.
Corning Proclaims Dividend
The corporate additionally just lately declared a quarterly dividend, which will probably be paid on Friday, December thirteenth. Stockholders of document on Friday, November fifteenth will probably be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, November fifteenth. This represents a $1.12 dividend on an annualized foundation and a dividend yield of two.43%. Corning’s dividend payout ratio is 157.75%.
Corning Firm Profile
Corning Included engages within the show applied sciences, optical communications, environmental applied sciences, specialty supplies, and life sciences companies in the US and internationally. The corporate’s Show Applied sciences section presents glass substrates for flat panel shows, together with liquid crystal shows and natural light-emitting diodes which are utilized in televisions, pocket book computer systems, desktop screens, tablets, and handheld gadgets.
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