Analysts are on the Bearish side about Corning Incorporated (NYSE:GLW) this week.

July 12, 2018 - By Margaret Downey

Corning Incorporated (NYSE:GLW) LogoInvestors sentiment decreased to 0.63 in Q1 2018. Its down 0.21, from 0.84 in 2017Q4. It turned negative, as 90 investors sold Corning Incorporated shares while 349 reduced holdings. 71 funds opened positions while 204 raised stakes. 565.69 million shares or 5.45% less from 598.30 million shares in 2017Q4 were reported.
9,636 are owned by Sunbelt Secs Inc. Moreover, Ameriprise Financial Incorporated has 0.09% invested in Corning Incorporated (NYSE:GLW) for 7.13 million shares. Mitsubishi Ufj Hldgs Company Ltd invested in 1,350 shares. Parsons Capital Mngmt Inc Ri reported 21,165 shares or 0.07% of all its holdings. Cleararc Inc holds 0.08% of its portfolio in Corning Incorporated (NYSE:GLW) for 19,781 shares. Paradigm Finance, Missouri-based fund reported 25,000 shares. Fincl Architects owns 0.14% invested in Corning Incorporated (NYSE:GLW) for 25,870 shares. Mariner Wealth Advsr reported 0.02% of its portfolio in Corning Incorporated (NYSE:GLW). Bb&T Secs Ltd Liability Corp holds 0.03% in Corning Incorporated (NYSE:GLW) or 82,249 shares. Assetmark Inc accumulated 1,795 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0.04% or 157,461 shares. Denali Limited Company holds 1.1% or 245,200 shares. Wg Shaheen & Assoc Dba Whitney & Co owns 1,263 shares. Gateway Advisers Llc stated it has 783,320 shares. State Farm Mutual Automobile Ins Communication invested in 18.03 million shares.

Since February 14, 2018, it had 1 buying transaction, and 3 insider sales for $6.55 million activity. Morse David L sold $950,615 worth of stock or 33,000 shares. On Monday, March 12 the insider Pambianchi Christine M sold $29,895. WEEKS WENDELL P had sold 224,884 shares worth $6.46M on Friday, June 8.

Corning Incorporated (NYSE:GLW) Ratings Coverage

Among 5 analysts covering Corning (NYSE:GLW), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Corning had 6 analyst reports since January 25, 2018 according to SRatingsIntel. Citigroup maintained the stock with “Neutral” rating in Friday, March 9 report. The firm earned “Overweight” rating on Thursday, May 31 by Morgan Stanley. J.P. Morgan initiated it with “Hold” rating and $3300 target in Thursday, May 3 report. Goldman Sachs upgraded Corning Incorporated (NYSE:GLW) on Wednesday, June 20 to “Hold” rating. The firm earned “Neutral” rating on Thursday, January 25 by Citigroup. Below is a list of Corning Incorporated (NYSE:GLW) latest ratings and price target changes.

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
09/03/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $35 New Target: $32 Maintain
25/01/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $33 New Target: $35 Maintain

The stock increased 1.47% or $0.41 during the last trading session, reaching $28.67. About 734,119 shares traded. Corning Incorporated (NYSE:GLW) has declined 8.49% since July 12, 2017 and is downtrending. It has underperformed by 21.06% 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 $23.81 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.

More news for Corning Incorporated (NYSE:GLW) were recently published by: Benzinga.com, which released: “Goldman Sachs’ 4 Reasons Why Corning Is No Longer A Sell” on June 21, 2018. Seekingalpha.com‘s article titled: “Corning to see minimal impact in China tariffs, Morgan Stanley says” and published on July 10, 2018 is yet another important article.

Corning Incorporated (NYSE:GLW) Institutional Positions Chart

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