Integral Investment Advisors Inc. Invests $202,000 in Corning Incorporated (NYSE:GLW)

Integral Investment Advisors Inc. bought a new stake in Corning Incorporated (NYSE:GLW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,632 shares of the electronics maker’s stock, valued at approximately $202,000.

Other large investors also recently bought and sold shares of the company. Peoples Bank KS acquired a new position in shares of Corning in the 3rd quarter worth approximately $25,000. OFI Invest Asset Management acquired a new position in shares of Corning in the 3rd quarter worth $25,000. Janiczek Wealth Management LLC lifted its position 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 acquiring an additional 571 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in Corning by 232.9% in the 3rd quarter. SRS Capital Advisors Inc. now owns 932 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 652 shares in the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of Corning during the 4th quarter valued at $31,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Trading Down 0.5 %

Shares of GLW stock traded down $0.14 on Thursday, reaching $30.84. 1,731,289 shares of the stock were exchanged, compared to its average volume of 4,715,127. The stock has a 50 day moving average price of $32.35 and a 200 day moving average price of $30.38. The stock has a market cap of $26.38 billion, a PE ratio of 46.24, a P/E/G ratio of 1.75 and a beta of 1.08. Corning Incorporated has a one year low of $25.26 and a one year high of $36.01. 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 released its earnings results on Tuesday, January 30th. The electronics maker reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. Corning had a net margin of 4.62% and a return on equity of 12.31%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the company posted $0.47 EPS. The company’s revenue was down 12.1% compared to the same quarter last year. Equities research analysts forecast that Corning Incorporated will post 1.87 EPS for the current fiscal year.

Corning Dividend Announcement

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

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Corning from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Barclays increased their price objective on Corning from $28.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. StockNews.com upgraded shares of Corning from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. UBS Group increased their target price on shares of Corning from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, HSBC lowered shares of Corning from a “hold” rating to a “reduce” rating and set a $29.00 price target on the stock. in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $34.56.

Corning Company 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.