Are Analysts Bullish Corning Incorporated (NYSE:GLW) After Last Week?

October 2, 2018 - By Vivian Park

Corning Incorporated (NYSE:GLW) LogoInvestors sentiment increased to 0.7 in 2018 Q2. Its up 0.07, from 0.63 in 2018Q1. It is positive, as 63 investors sold Corning Incorporated shares while 311 reduced holdings. 61 funds opened positions while 202 raised stakes. 554.76 million shares or 1.93% less from 565.69 million shares in 2018Q1 were reported.
Rothschild Investment Il accumulated 0.3% or 87,059 shares. First Merchants holds 0.35% or 73,720 shares in its portfolio. Arizona State Retirement Systems stated it has 338,944 shares or 0.09% of all its holdings. First Trust Advisors Limited Partnership stated it has 0.02% in Corning Incorporated (NYSE:GLW). 8,000 are owned by Lazard Asset Mgmt Limited Liability Co. Mackay Shields Ltd Liability has invested 0.03% in Corning Incorporated (NYSE:GLW). Dodge And Cox reported 775,097 shares. Van Cleef Asset Managementinc reported 0.73% stake. Invest Mgmt Of Virginia Limited Liability has 51,114 shares. Greenwood Gearhart holds 207,806 shares. Ruggie Cap stated it has 0% in Corning Incorporated (NYSE:GLW). Fort Washington Inv Advsr Oh invested in 0.01% or 22,075 shares. Coastline Tru Communications has 59,780 shares for 0.25% of their portfolio. Lsv Asset Mngmt holds 0.54% in Corning Incorporated (NYSE:GLW) or 12.45 million shares. Hm Payson & holds 0.01% of its portfolio in Corning Incorporated (NYSE:GLW) for 8,015 shares.

Since June 8, 2018, it had 0 insider purchases, and 6 sales for $9.50 million activity. Another trade for 30,667 shares valued at $1.11 million was sold by McRae Lawrence D. Another trade for 1,000 shares valued at $33,655 was sold by Pambianchi Christine M. WEEKS WENDELL P sold $6.46M worth of stock or 224,884 shares. Musser Eric S had sold 18,225 shares worth $609,626.

Corning Incorporated (NYSE:GLW) Ratings Coverage

Among 6 analysts covering Corning Inc (NYSE:GLW), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Corning Inc had 7 analyst reports since May 3, 2018 according to SRatingsIntel. The company was upgraded on Thursday, May 31 by Morgan Stanley. UBS maintained Corning Incorporated (NYSE:GLW) on Thursday, July 26 with “Neutral” rating. J.P. Morgan initiated the shares of GLW in report on Thursday, May 3 with “Hold” rating. As per Thursday, July 26, the company rating was maintained by Morgan Stanley. The firm earned “Buy” rating on Friday, September 14 by Citigroup. As per Wednesday, June 20, the company rating was upgraded by Goldman Sachs. Below is a list of Corning Incorporated (NYSE:GLW) latest ratings and price target changes.

14/09/2018 Broker: Citigroup Old Rating: Neutral New Rating: Buy Old Target: $32.5 New Target: $40 Upgrade
26/07/2018 Broker: UBS Old Rating: Neutral New Rating: Neutral Old Target: $29.5 New Target: $32 Maintain
26/07/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $34 New Target: $35 Maintain
20/06/2018 Broker: Goldman Sachs Rating: Hold New Target: $29.0000 Upgrade
31/05/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Overweight Old Target: $11 Upgrade
03/05/2018 Broker: JP Morgan Rating: Neutral New Target: $33 Initiates Coverage On
03/05/2018 Broker: J.P. Morgan Rating: Hold New Target: $33.0000 Initiate

The stock increased 0.74% or $0.26 during the last trading session, reaching $35.54. About 997,394 shares traded. Corning Incorporated (NYSE:GLW) has risen 16.67% since October 2, 2017 and is uptrending. It has outperformed by 1.05% the S&P500.

Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials in North America, the Asia Pacific, Europe, and internationally. The company has market cap of $28.79 billion. The firm operates through five divisions: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. It currently has negative earnings. The Display Technologies segment makes glass substrates for liquid crystal displays used in LCD televisions, notebook computers, and flat panel desktop monitors.

Corning Incorporated (NYSE:GLW) Institutional Positions Chart

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