Market News

West Oak Capital Lifted Its Holding in Corning (GLW) by $78.34 Million as Share Price Declined; As Keycorp New (KEY) Market Value Declined, Shareholder Verity & Verity Lifted Its Holding

Corning Incorporated (NYSE:GLW) Logo

West Oak Capital Llc increased its stake in Corning Inc (GLW) by 5.71% based on its latest 2018Q1 regulatory filing with the SEC. West Oak Capital Llc bought 2,810 shares as the company’s stock declined 9.29% with the market. The institutional investor held 52,002 shares of the telecommunications equipment company at the end of 2018Q1, valued at $1.45 billion, up from 49,192 at the end of the previous reported quarter. West Oak Capital Llc who had been investing in Corning Inc for a number of months, seems to be bullish on the $23.94B market cap company. The stock increased 0.80% or $0.23 during the last trading session, reaching $28.83. About 535,540 shares traded. Corning Incorporated (NYSE:GLW) has declined 8.49% since June 14, 2017 and is downtrending. It has underperformed by 21.06% the S&P500. Some Historical GLW News: 24/04/2018 – CORNING 1Q CORE EPS 31C, EST. 30C; 10/04/2018 – Panduit Corp. vs Corning | FWD Entered | 04/09/2018; 24/04/2018 – CORNING INC QTRLY CORE SHR $0.31; 24/05/2018 – Moody’s Assigns Aa3 And Mig 1 To Corning Csd, Ny’s 2018 Go Bonds And Bans; 25/05/2018 – CORNING INC FILES PRELIMINARY PROSPECTUS SUPPLEMENT RELATED TO A POTENTIAL TWO-PART YEN DENOMINATED NOTES OFFERING – SEC FILING; 13/04/2018 – Panduit Corp. vs Corning | FWD Entered | 04/13/2018; 24/04/2018 – CORNING-FOR FY 2018, CO EXPECTS LCD GLASS MARKET VOLUME GROWTH TO BE IN MID-SINGLE DIGIT PERCENTAGES, AS TELEVISION SCREEN SIZE GROWTH CONTINUES; 04/04/2018 – Corning to Construct High-Volume Manufacturing Facility for Valor Glass; 24/04/2018 – Corning 1Q Loss $589M; 10/05/2018 – Artemis Adds Annaly, Exits Corning, Cuts Equifax: 13F

Verity & Verity Llc increased its stake in Keycorp New (KEY) by 71.11% based on its latest 2018Q1 regulatory filing with the SEC. Verity & Verity Llc bought 71,801 shares as the company’s stock declined 5.38% with the market. The institutional investor held 172,768 shares of the major banks company at the end of 2018Q1, valued at $3.38 million, up from 100,967 at the end of the previous reported quarter. Verity & Verity Llc who had been investing in Keycorp New for a number of months, seems to be bullish on the $21.80B market cap company. The stock decreased 0.66% or $0.137 during the last trading session, reaching $20.533. About 2.12M shares traded. KeyCorp (NYSE:KEY) has risen 10.47% since June 14, 2017 and is uptrending. It has underperformed by 2.10% the S&P500. Some Historical KEY News: 29/03/2018 – KEYCORP – KEYBANK ACQUIRED KEY INSURANCE & BENEFITS SERVICES, INC. AS PART OF 2016 MERGER WITH FIRST NIAGARA FINANCIAL; 19/04/2018 – KeyCorp Reports First Quarter 2018 Net Income Of $402 Million, Or $.38 Per Common Share; 19/04/2018 – KEYCORP – QTRLY TAXABLE EQUIVALENT NET INTEREST INCOME $952 MLN VS $929 MLN REPORTED LAST YEAR; 30/05/2018 – Kennametal Presenting at KeyCorp Conference Tomorrow; 30/05/2018 – Forward Air Presenting at KeyCorp Conference Tomorrow; 05/03/2018 Bruce Murphy, Keycorp’s Head Of Corporate Responsibility, To Retire In 2018; 21/03/2018 – KeyCorp Raises Its Prime Lending Rate To 4.75 Percent; 25/05/2018 – Heartland Express Presenting at KeyCorp Conference May 30; 30/05/2018 – Casella Waste Presenting at KeyCorp Conference Tomorrow; 19/04/2018 – KeyCorp 1Q Noninterest Expense $1

Since January 22, 2018, it had 1 insider purchase, and 5 sales for $2.65 million activity. The insider Gorman Christopher M. sold $1.18 million. Midkiff Mark W bought $9,998 worth of stock. DeAngelis Robert A sold 25,000 shares worth $527,750. Another trade for 11,819 shares valued at $250,639 was sold by Buffie Craig A. Brady Amy G. also sold $504,444 worth of KeyCorp (NYSE:KEY) on Tuesday, May 15.

Among 34 analysts covering Keycorp (NYSE:KEY), 22 have Buy rating, 2 Sell and 10 Hold. Therefore 65% are positive. Keycorp had 113 analyst reports since July 20, 2015 according to SRatingsIntel. Piper Jaffray maintained the stock with “Buy” rating in Thursday, January 18 report. The stock has “Buy” rating by BMO Capital Markets on Monday, December 18. On Tuesday, July 11 the stock rating was upgraded by Keefe Bruyette & Woods to “Buy”. FBR Capital maintained it with “Outperform” rating and $16 target in Tuesday, October 25 report. The stock has “Buy” rating by RBC Capital Markets on Thursday, July 27. The stock of KeyCorp (NYSE:KEY) has “Outperform” rating given on Monday, November 2 by Keefe Bruyette & Woods. The company was upgraded on Monday, January 11 by Goldman Sachs. The firm has “Neutral” rating given on Wednesday, January 11 by UBS. The firm has “Outperform” rating by Bernstein given on Thursday, September 14. Bernstein upgraded KeyCorp (NYSE:KEY) on Wednesday, August 26 to “Outperform” rating.

Investors sentiment increased to 1.04 in Q1 2018. Its up 0.08, from 0.96 in 2017Q4. It increased, as 34 investors sold KEY shares while 219 reduced holdings. 74 funds opened positions while 190 raised stakes. 822.67 million shares or 1.60% less from 836.01 million shares in 2017Q4 were reported. Fjarde Ap holds 0.1% or 319,842 shares. The Connecticut-based Cubist Systematic Strategies has invested 0.28% in KeyCorp (NYSE:KEY). Tradewinds Capital Ltd Llc owns 3,752 shares. Prentiss Smith & holds 136 shares or 0% of its portfolio. Fny Managed Accounts Limited Liability holds 0.01% or 545 shares in its portfolio. Atwood & Palmer reported 300 shares. Moreover, Elizabeth Park Cap Advsrs Ltd has 4.52% invested in KeyCorp (NYSE:KEY). Archford Strategies Ltd Liability Com reported 270 shares. Trillium Asset Mngmt Limited reported 0.99% stake. Cadence Management Limited Liability Company holds 0.16% of its portfolio in KeyCorp (NYSE:KEY) for 125,261 shares. Benjamin F Edwards And Inc stated it has 0.01% in KeyCorp (NYSE:KEY). Financial Bank Of America De invested 0.04% of its portfolio in KeyCorp (NYSE:KEY). First Bancorporation Of Omaha has 0.32% invested in KeyCorp (NYSE:KEY) for 274,854 shares. Dimensional Fund LP holds 0.06% in KeyCorp (NYSE:KEY) or 7.14M shares. 1,249 are held by Ftb Advsrs.

Another recent and important KeyCorp (NYSE:KEY) news was published by Prnewswire.com which published an article titled: “KeyCorp Raises Its Prime Lending Rate To 5.00 Percent” on June 13, 2018.

Investors sentiment decreased to 0.63 in 2018 Q1. Its down 0.21, from 0.84 in 2017Q4. It dived, as 90 investors sold GLW 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. 2.79M were accumulated by Swiss Retail Bank. Ancora Advisors Ltd Liability Corporation invested in 0.27% or 212,384 shares. Vanguard Gru has 0.07% invested in Corning Incorporated (NYSE:GLW) for 60.72M shares. Hsbc Holding Public Llc has invested 0.07% in Corning Incorporated (NYSE:GLW). Etrade Mngmt Limited Com owns 14,003 shares. 353,597 are held by Interest Grp Inc. Lsv Asset reported 12.51M shares. Amf Pensionsforsakring has 0.03% invested in Corning Incorporated (NYSE:GLW) for 101,700 shares. Seaward LP holds 24,050 shares or 0.03% of its portfolio. Bartlett And Co Limited accumulated 8,760 shares. Endurance Wealth Management has invested 0% in Corning Incorporated (NYSE:GLW). Td Asset Incorporated holds 618,672 shares. Ingalls & Snyder Ltd Com has 0.05% invested in Corning Incorporated (NYSE:GLW). Thrivent Finance For Lutherans accumulated 36,269 shares. Capital Financial Advisers Llc has invested 0.02% in Corning Incorporated (NYSE:GLW).

Since February 14, 2018, it had 1 buying transaction, and 3 sales for $6.55 million activity. 30,000 shares were bought by CANNING JOHN A JR, worth $887,931. Another trade for 224,884 shares valued at $6.46 million was sold by WEEKS WENDELL P. Morse David L sold 33,000 shares worth $950,615.

More notable recent Corning Incorporated (NYSE:GLW) news were published by: Benzinga.com which released: “Morgan Stanley Upgrades Corning, Projects Multiple Earnings Growth Drivers” on May 31, 2018, also Fool.com with their article: “Better Buy: Qualcomm Inc. vs. Corning Inc.” published on June 12, 2018, Fool.com published: “Can Corning’s Dividend Even Survive?” on June 09, 2018. More interesting news about Corning Incorporated (NYSE:GLW) were released by: Gurufocus.com and their article: “Corning Inc (GLW) Chairman, CEO & President Wendell P Weeks Sold $6.5 million of Shares” published on June 11, 2018 as well as Prnewswire.com‘s news article titled: “Photonics Imaging Technology Leading the Way in Bio-Imaging Industry” with publication date: June 13, 2018.

Among 20 analysts covering Corning Incorporated (NYSE:GLW), 6 have Buy rating, 2 Sell and 12 Hold. Therefore 30% are positive. Corning Incorporated had 49 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Friday, June 10 by Drexel Hamilton. The firm has “Sell” rating given on Wednesday, July 26 by Drexel Hamilton. The company was maintained on Thursday, August 31 by Jefferies. Deutsche Bank maintained Corning Incorporated (NYSE:GLW) on Wednesday, October 26 with “Buy” rating. The rating was maintained by Jefferies with “Hold” on Wednesday, October 4. The company was maintained on Thursday, April 13 by Stifel Nicolaus. The rating was maintained by UBS with “Neutral” on Wednesday, October 28. The company was downgraded on Wednesday, February 1 by Bernstein. On Tuesday, January 26 the stock rating was maintained by Drexel Hamilton with “Hold”. The firm earned “Buy” rating on Wednesday, October 25 by Deutsche Bank.

West Oak Capital Llc, which manages about $281.18 million and $168.58 billion US Long portfolio, decreased its stake in Phillips 66 (NYSE:PSX) by 440 shares to 3,204 shares, valued at $307.33M in 2018Q1, according to the filing. It also reduced its holding in Colgate (NYSE:CL) by 395 shares in the quarter, leaving it with 24,764 shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

Corning Incorporated (NYSE:GLW) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *