6,632 Shares in Corning Incorporated (NYSE:GLW) Purchased by Integral Investment Advisors Inc.

Integral Investment Advisors Inc. bought a new stake in Corning Incorporated (NYSE:GLW) during the 4th quarter, HoldingsChannel reports. The fund bought 6,632 shares of the electronics maker’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Peoples Bank KS acquired a new stake in shares of Corning during the 3rd quarter worth approximately $25,000. OFI Invest Asset Management bought a new stake in Corning during the third quarter worth $25,000. Janiczek Wealth Management LLC boosted its holdings in shares of Corning by 173.6% in the 3rd quarter. Janiczek Wealth Management LLC now owns 900 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 571 shares in the last quarter. Quarry LP acquired a new position in shares of Corning during the 2nd quarter worth $32,000. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Corning by 232.9% during the 3rd quarter. SRS Capital Advisors Inc. now owns 932 shares of the electronics maker’s stock worth $28,000 after buying an additional 652 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. HSBC cut Corning from a “hold” rating to a “reduce” rating and set a $29.00 target price on the stock. in a research report on Thursday, February 1st. Barclays lifted their price target on shares of Corning from $28.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of Corning from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. StockNews.com raised shares of Corning from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Finally, Susquehanna reiterated a “positive” rating and issued a $40.00 price target on shares of Corning in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $34.56.

Corning Trading Down 0.5 %

NYSE GLW traded down $0.14 on Thursday, reaching $30.84. The company had a trading volume of 1,731,289 shares, compared to its average volume of 4,715,127. The business has a 50 day moving average of $32.35 and a two-hundred day moving average of $30.38. Corning Incorporated has a fifty-two week low of $25.26 and a fifty-two week high of $36.01. The firm has a market cap of $26.38 billion, a price-to-earnings ratio of 46.24, a P/E/G ratio of 1.75 and a beta of 1.08. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.67 and a quick ratio of 1.05.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, January 30th. The electronics maker reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.26 billion. Corning had a return on equity of 12.31% and a net margin of 4.62%. The firm’s revenue was down 12.1% compared to the same quarter last year. During the same period last year, the company earned $0.47 earnings per share. Analysts forecast that Corning Incorporated will post 1.87 EPS for the current year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Wednesday, February 28th. Corning’s dividend payout ratio (DPR) is presently 167.16%.

Insider Buying and Selling

In other Corning news, Vice Chairman Lawrence D. Mcrae sold 77,464 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $33.24, for a total transaction of $2,574,903.36. Following the sale, the insider now owns 215,254 shares of the company’s stock, valued at $7,155,042.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.40% of the stock is owned by insiders.

Corning Profile

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.