Corning Incorporated (NYSE:GLW) is expected to pay $0.14 on Dec 15, 2016. The indicated annual dividend is $0.54. Shareholders owning the stock before Nov 15, 2016 will be eligible to receive the payout. Based on Corning Incorporated’s current price of $23.40, the dividend is 0.58%. This dividend’s record date is Nov 17, 2016 and the announcement date is Oct 7, 2016. The stock increased 0.91% or $0.21 on November 11, hitting $23.4. Corning Incorporated (NYSE:GLW) has risen 12.34% since April 12, 2016 and is uptrending. It has outperformed by 7.36% the S&P500.
Corning Incorporated is engaged in the manufacture of specialty glass and ceramics. The company has a market cap of $22.46 billion. The Firm operates in five divisions: Display Technologies, which makes glass substrates; Optical Communications, which is engaged in providing optical solutions; Environmental Technologies, which makes ceramic substrates and filter products; Specialty Materials, which makes products that provide over 150 material formulations for glass, glass ceramics and fluoride crystals, and Life Sciences segment, which is a developer, maker and supplier of scientific laboratory products. It has a 12.29 P/E ratio. The Display Technologies segment develops, makes and supplies glass substrates using a fusion manufacturing process.
Insitutional Activity: The institutional sentiment increased to 0.66 in 2016 Q2. Its up 0.03, from 0.63 in 2016Q1. The ratio increased, as 52 funds sold all Corning Incorporated shares owned while 339 reduced positions. 49 funds bought stakes while 208 increased positions. They now own 745.73 million shares or 5.03% less from 785.22 million shares in 2016Q1.
State Board Of Administration Of Florida Retirement Systems holds 1.73M shares or 0.11% of its portfolio. Oakworth Cap Inc accumulated 0% or 203 shares. First Tru accumulated 0.48% or 151,986 shares. Moreover, National Pension Ser has 0.15% invested in Corning Incorporated (NYSE:GLW) for 808,809 shares. Miller Howard Investments Ny has 189,739 shares for 0.07% of their US portfolio. The New York-based Citigroup has invested 0.01% in Corning Incorporated (NYSE:GLW). Geode Cap Mgmt Ltd Company has 0.09% invested in the company for 8.45M shares. Lowe Brockenbrough & holds 0.21% of its portfolio in Corning Incorporated (NYSE:GLW) for 60,075 shares. Thompson Davis Inc last reported 685 shares in the company. Moreno Evelyn V holds 12,400 shares or 0.1% of its portfolio. Amg Natl Tru Bank & Trust holds 0.11% of its portfolio in Corning Incorporated (NYSE:GLW) for 61,100 shares. Naples Glob Advsr Llc accumulated 91,319 shares or 0.77% of the stock. Budros Ruhlin And Roe Inc holds 0.21% or 30,323 shares in its portfolio. State Teachers Retirement Systems, a New York-based fund reported 2.20 million shares. Stillwater Advsr Limited Liability Com accumulated 3.1% or 507,803 shares.
Insider Transactions: Since May 23, 2016, the stock had 0 insider purchases, and 26 sales for $23.11 million net activity. On Monday, October 24 Clappin James P sold $720,000 worth of the stock or 30,000 shares. On Thursday, August 11 the insider Morse David L sold $207,000. Another trade for 20,000 shares valued at $401,614 was sold by GREGG KIRK P. Tripeny R Tony sold $158,777 worth of stock. Another trade for 10,896 shares valued at $230,829 was made by ROGUS MARK S on Tuesday, June 7. The insider Musser Eric S sold $629,612. Shares for $1.96 million were sold by STEVERSON LEWIS A.
Corning Incorporated (NYSE:GLW) Ratings Coverage
Out of 10 analysts covering Corning Incorporated (NYSE:GLW), 5 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. Corning Incorporated has been the topic of 19 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, November 2 by Goldman Sachs. Citigroup maintained it with “Buy” rating and $26 target price in Friday, August 26 report. The rating was downgraded by Drexel Hamilton on Friday, June 10 to “Sell”. Deutsche Bank initiated it with “Buy” rating and $21 target price in Tuesday, September 15 report. The stock has “Buy” rating given by Deutsche Bank on Wednesday, October 26. The company was upgraded on Tuesday, April 12 by Goldman Sachs. The firm has “Neutral” rating by Sterne Agee CRT given on Tuesday, September 29. The stock of Corning Incorporated (NYSE:GLW) earned “Hold” rating by Drexel Hamilton on Friday, October 9. UBS maintained the stock with “Neutral” rating in Wednesday, October 28 report. The stock of Corning Incorporated (NYSE:GLW) earned “Buy” rating by Citigroup on Monday, June 20.
Another recent and important Corning Incorporated (NYSE:GLW) news was published by Fool.com which published an article titled: “Corning Incorporated Sees (Even) Better Days Ahead” on October 26, 2016.
GLW Company Profile
Corning Incorporated (Corning), incorporated on December 24, 1936, is engaged in the manufacture of specialty glass and ceramics. Corning operates in five divisions: Display Technologies, which makes glass substrates; Optical Communications, which is engaged in providing optical solutions; Environmental Technologies, which makes ceramic substrates and filter products; Specialty Materials, which makes products that provide over 150 material formulations for glass, glass ceramics and fluoride crystals, and Life Sciences segment, which is a developer, maker and supplier of scientific laboratory products. The Firm makes and processes products at approximately 90 plants in over 20 countries. Corning offers its products under the trademarks, including Corning, Celcor, ClearCurve, DuraTrap, Eagle XG, Epic, Gorilla, HPFS, Pyrex, Steuben, Falcon, SMF-28e and Willow.
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