Advisors Asset Management cut Corning's stock holdings, as the company reported mixed quarterly results.

Advisors Asset Management Inc. reduced its holdings of Corning Incorporated (GLW) by 7.3% in the third quarter, while other institutional investors also adjusted their stakes. Corning reported a quarterly EPS of $0.54, slightly above estimates, with revenue of $3.39 billion, slightly below projections. The company's dividend yield is 2.37%. Analysts have given mixed ratings but generally favor "Moderate Buy," with a price target of $50.08. Institutional investors own 69.8% of Corning's stock.

November 20, 2024
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