Auxier Asset Management Sells 10800 Shares of Corning Incorporated (NYSE:GLW)

Lloyd Doyle
December 8, 2017

Insiders have sold 294,561 shares of company stock worth $9,254,498 over the last three months. Corning Inc now has $27.52B valuation. The stock increased 0.66% or $0.21 during the last trading session, reaching $31.88. About shares traded. Enertopia Corp. Corning Incorporated (NYSE:GLW) has risen 53.38% since December 7, 2016 and is uptrending. It has outperformed by 36.68% the S&P500.

Michael Messner decreased its stake in Corning Inc (GLW) by 19.29% based on its latest 2017Q2 regulatory filing with the SEC. Greylin Investment Mangement Inc acquired 29,440 shares as Helmerich & Payne Inc (HP)'s stock declined 12.04%. Landscape Limited Liability Corp owns 0.5% invested in O'Reilly Automotive, Inc. More interesting news about Corning Incorporated (NYSE:GLW) were released by: Fool.com and their article: "Better Buy: Corning Incorporated vs. Cirrus Logic" published on November 21, 2017 as well as Fool.com's news article titled: "Is Universal Display (still) a buy?" with publication date: December 07, 2017. It has underperformed by 9.16% the S&P500. Legal & General Group Plc now owns 5,063,968 shares of the electronics maker's stock worth $152,175,000 after purchasing an additional 144,400 shares during the last quarter. Merck & Co Inc (NYSE:MRK) was reduced too. The stock of Corning Incorporated (NYSE:GLW) earned "Buy" rating by Guggenheim on Tuesday, October 24. Therefore 46% are positive. Helmerich & Payne had 112 analyst reports since August 3, 2015 according to SRatingsIntel.

In other news, CEO Wendell P. Weeks sold 248,857 shares of the stock in a transaction that occurred on Tuesday, October 31st. As per Friday, March 31, the company rating was downgraded by Citigroup. Citigroup downgraded the shares of GLW in report on Friday, March 31 to "Neutral" rating. Cowen & Co maintained Helmerich & Payne, Inc. The firm has "Buy" rating by Susquehanna given on Friday, July 14. Barclays Capital has "Equal-Weight" rating and $82 target. Corning presently has an average rating of "Hold" and an average target price of $29.28. The company was downgraded on Tuesday, May 3 by Scotia Capital.

Investors sentiment increased to 0.76 in Q2 2017. Its up 0.18, from 0.76 in 2017Q1. It turned negative, as 77 investors sold HP shares while 143 reduced holdings. 73 funds opened positions while 159 raised stakes. 116.34 million shares or 4.63% more from 111.19 million shares in 2017Q1 were reported. Icm Asset Management Wa holds 61,265 shares or 2.31% of its portfolio. Graham Mngmt Lp accumulated 10,000 shares. State Of Alaska Department Of Revenue stated it has 0.01% in O'Reilly Automotive, Inc. Cutter & Brokerage invested in 0.16% or 13,824 shares. Natl Planning holds 22,780 shares or 0.05% of its portfolio. British Columbia Investment Mngmt has 33,045 shares for 0.06% of their portfolio. The Kansas-based Kornitzer Capital Ks has invested 0% in O'Reilly Automotive, Inc. Ifc Hldg Fl holds 45,727 shares. St Johns Investment Ltd Liability Com invested in 0.54% or 24,087 shares. Earnest Prns Limited Company has 244,986 shares for 0.08% of their portfolio. 39,615 are owned by Brown Advisory. Crestwood Advsr Ltd Liability Corporation holds 0.02% of its portfolio in O'Reilly Automotive, Inc. (NYSE:HP). Westpac Bk invested in 0% or 6,575 shares. Corning Incorporated had 42 analyst reports since July 30, 2015 according to SRatingsIntel. They expect $0.47 earnings per share, down 6.00% or $0.03 from last year's $0.5 per share. GLW's profit will be $408.45 million for 16.88 P/E if the $0.47 EPS becomes a reality. The electronics maker reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. Therefore 28% are positive. Corning Incorporated has $3500 highest and $15.75 lowest target. Sadoff Investment Management Llc acquired 12,600 shares as Corning (GLW)'s stock rose 5.06%. Finally, Guggenheim reissued a "buy" rating and set a $35.00 target price on shares of Corning in a research report on Thursday, September 21st. The company was maintained on Monday, October 26 by UBS. Atlantic Securities initiated the stock with "Neutral" rating in Wednesday, January 6 report. On Wednesday, November 2 the stock rating was maintained by Goldman Sachs with "Buy". The ex-dividend date is Wednesday, November 15th. Also, Director Hansel E. Tookes II sold 6,513 shares of the firm's stock in a transaction that occurred on Wednesday, October 25th. The firm has a market cap of $27,992.34, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 2.68 and a beta of 1.33.

Investors sentiment increased to 0.92 in Q2 2017. Its up 0.03, from 0.73 in 2017Q1.


WARNING: "Auxier Asset Management Sells 10,800 Shares of Corning Incorporated (NYSE:GLW)" was reported by The Lincolnian Online and is the property of of The Lincolnian Online. Johnson Financial Group Inc. raised its position in shares of Corning by 32.0% during the third quarter. Corning Incorporated has 871.47 million shares outstanding, and in the last trade has seen ATR around 0.46. 160,120 are held by Lafayette Invests. The percentage of shares being held by the company management was 0.2% while institutional stake was 74.2%. Whittier Trust Com owns 287,996 shares. Equities analysts expect that Corning Incorporated will post $1.75 EPS for the current year. Teachers Retirement Of The State Of Kentucky holds 0.18% or 472,850 shares in its portfolio. America First Ltd Co holds 0.21% in The Procter & Gamble Company (NYSE:PG) or 6,572 shares. Bnp Paribas Arbitrage Sa stated it has 28,954 shares.

Corning (NYSE:GLW) last released its quarterly earnings data on Tuesday, October 24th. Jefferies maintained Corning Incorporated (NYSE:GLW) rating on Thursday, August 31.

Analysts await Corning Incorporated (NYSE:GLW) to report earnings on January, 23. Valueworks, New York-based fund reported 245,532 shares. Lombard Odier Asset Mgmt (Europe) has invested 0.02% in Corning Incorporated (NYSE:GLW). On Wednesday, June 14 the insider Clappin James P sold $3.13M.

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