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Southport Management Decreased Corning (GLW) Holding; Vontobel Asset Management Has Boosted Its Ambev Sa (ABEV) Holding

Corning Incorporated (NYSE:GLW) Logo

Southport Management Llc decreased Corning Inc (GLW) stake by 70% reported in 2018Q2 SEC filing. Southport Management Llc sold 17,500 shares as Corning Inc (GLW)’s stock rose 18.92%. The Southport Management Llc holds 7,500 shares with $206,000 value, down from 25,000 last quarter. Corning Inc now has $25.83 billion valuation. The stock increased 0.37% or $0.12 during the last trading session, reaching $32.27. About 9.31M shares traded or 61.03% up from the average. Corning Incorporated (NYSE:GLW) has risen 16.67% since December 6, 2017 and is uptrending. It has outperformed by 1.05% the S&P500. Some Historical GLW News: 29/03/2018 – Air Products’ Industrial Gases Executive Vice President Corning Painter Provides Thought Leadership on Coal Gasification at Chi; 24/04/2018 – CORNING INC QTRLY CORE SHR $0.31; 24/04/2018 – CORNING INC – “COMPANY REAFFIRMS OUTLOOK FOR STRONG 2018”; 24/04/2018 – CORNING INC – QTRLY GAAP NET SALES $2,500 MLN VS $2,375 MLN; 24/04/2018 – Corning 1Q Adj EPS 31c; 09/03/2018 – Corning Announces High-Fiber-Count Rapid Installation Ribbon Cable; 15/05/2018 – Corning Presenting at JPMorgan Conference Tomorrow; 24/04/2018 – CORNING – FOR 2018, OPTICAL COMMUNICATIONS SALES EXPECTED TO INCREASE BY ABOUT 10%, EXCLUDING CONTRIBUTION FROM PENDING ACQUISITION OF A 3M DIVISION; 27/04/2018 – Global Fiber Optical Coupler Market to 2022 – Dominated by Corning, Finisar, Fujikura, Furukawa Electric, and Sumitomo Electric – ResearchAndMarkets.com; 15/03/2018 – Breakthrough Innovation in Photonic Technologies Creating a New Paradigm in Electronics Sector

Vontobel Asset Management Inc increased Ambev Sa (ABEV) stake by 5.28% reported in 2018Q2 SEC filing. Vontobel Asset Management Inc acquired 8.73M shares as Ambev Sa (ABEV)’s stock declined 10.80%. The Vontobel Asset Management Inc holds 173.94M shares with $819.94 million value, up from 165.22 million last quarter. Ambev Sa now has $67.12B valuation. The stock decreased 2.22% or $0.095 during the last trading session, reaching $4.175. About 27.97 million shares traded. Ambev S.A. (NYSE:ABEV) has declined 33.23% since December 6, 2017 and is downtrending. It has underperformed by 48.85% the S&P500. Some Historical ABEV News: 21/03/2018 – AB InBev CEO Carlos Brito on the Growing Craft Beer Business (Video); 15/05/2018 – Lone Pine Adds Dollar Tree, Exits AB InBev: 13F; 08/05/2018 – ♫ Reuters Insider – UK Day Ahead: Trump decides on Iran; UniCredit and AB InBev results; 20/03/2018 – Treasurys Decline Against Backdrop of Fed meeting, AB InBev Bond Sale; 15/05/2018 – AMBEV NAMES FERNANDO MOMMENSOHN TENNENBAUM CFO; 27/03/2018 – AMBEV S.A. GRANTS FAVORABLE OPINION FOR AROSUCO DEAL HOLDER OK; 29/03/2018 – MONDELEZ – DEBORA KOYAMA ASSUMES ROLE OF REGIONAL CHIEF MARKETING OFFICER FOR EUROPE, JOINING FROM ABINBEV; 20/03/2018 – AB InBev to Sell Dollar Bonds as Brewer Seeks to Refinance Debt; 21/03/2018 – AB InBev CEO on Global Growth and Sustainability (Video); 21/03/2018 – Anheuser-Busch’s $10 Billion Deal Spurs Hope for High-Grade Debt

Vontobel Asset Management Inc decreased Banco Santander S A stake by 1.08M shares to 27.32M valued at $186.12 million in 2018Q2. It also reduced Oracle Corp (NYSE:ORCL) stake by 24,825 shares and now owns 417,300 shares. China Biologic Prods Hldgs I was reduced too.

Another recent and important Ambev S.A. (NYSE:ABEV) news was published by Globenewswire.com which published an article titled: “New Research: Key Drivers of Growth for CalAmp, Infinera, Ambev SA, Calumet Specialty Products Partners, Proto Labs, and Barrett Business Services — Factors of Influence, Major Initiatives and Sustained Production – GlobeNewswire” on November 27, 2018.

Among 3 analysts covering Ambev SA (NYSE:ABEV), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Ambev SA had 3 analyst reports since June 18, 2018 according to SRatingsIntel. Bank of America downgraded the stock to “Underperform” rating in Thursday, October 25 report. Barclays Capital upgraded the stock to “Overweight” rating in Friday, July 27 report. J.P. Morgan downgraded the stock to “Hold” rating in Monday, June 18 report.

More notable recent Corning Incorporated (NYSE:GLW) news were published by: Seekingalpha.com which released: “Corning: A Unique Company Playing In Multiple Growth Markets – Seeking Alpha” on November 28, 2018, also Nasdaq.com with their article: “Research Report Identifies Corning, The Boeing, NV5 Global, Centene, Twenty-First Century Fox, and The Kraft Heinz with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement – Nasdaq” published on December 06, 2018, Seekingalpha.com published: “Corning: Overcoming Headwinds In Display And Mobile – Seeking Alpha” on November 28, 2018. More interesting news about Corning Incorporated (NYSE:GLW) were released by: 247Wallst.com and their article: “20 Stocks Loving the China Tariff Delays – 24/7 Wall St.” published on December 03, 2018 as well as Seekingalpha.com‘s news article titled: “Corning Inc. (GLW) Management Presents at Credit Suisse’s 22nd Annual Technology, Media & Telecom Conference (Transcript) – Seeking Alpha” with publication date: November 27, 2018.

Among 4 analysts covering Corning Inc (NYSE:GLW), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Corning Inc had 6 analyst reports since June 20, 2018 according to SRatingsIntel. Citigroup upgraded the shares of GLW in report on Friday, September 14 to “Buy” rating. The stock of Corning Incorporated (NYSE:GLW) has “Overweight” rating given on Thursday, July 26 by Morgan Stanley. UBS maintained it with “Neutral” rating and $32 target in Thursday, July 26 report. The stock of Corning Incorporated (NYSE:GLW) has “Buy” rating given on Wednesday, October 24 by Citigroup. Goldman Sachs upgraded Corning Incorporated (NYSE:GLW) rating on Wednesday, June 20. Goldman Sachs has “Hold” rating and $2900 target. The company was maintained on Wednesday, October 24 by UBS.

Since June 8, 2018, it had 0 insider buys, and 8 selling transactions for $3.58 million activity. McRae Lawrence D also sold $1.11 million worth of Corning Incorporated (NYSE:GLW) on Thursday, September 20. WEEKS WENDELL P sold $6.46M worth of stock. $395,851 worth of stock was sold by STEVERSON LEWIS A on Monday, November 26. $950,615 worth of Corning Incorporated (NYSE:GLW) was sold by Morse David L on Monday, June 11. $143,071 worth of Corning Incorporated (NYSE:GLW) shares were sold by RIEMAN DEBORAH. On Thursday, August 30 Pambianchi Christine M sold $33,655 worth of Corning Incorporated (NYSE:GLW) or 1,000 shares. $609,626 worth of Corning Incorporated (NYSE:GLW) was sold by Musser Eric S on Monday, August 27.

Analysts await Corning Incorporated (NYSE:GLW) to report earnings on January, 29. They expect $0.57 earnings per share, up 16.33% or $0.08 from last year’s $0.49 per share. GLW’s profit will be $456.23 million for 14.15 P/E if the $0.57 EPS becomes a reality. After $0.51 actual earnings per share reported by Corning Incorporated for the previous quarter, Wall Street now forecasts 11.76% EPS growth.

Corning Incorporated (NYSE:GLW) Institutional Positions Chart

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