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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.
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Advisors Asset Management cortó las acciones de Corning, ya que la compañía reportó resultados trimestrales mixtos.