Corning (GLW) Shareholder Menlo Advisors Has Increased Position by $731,445; Chilton Investment Co Has Trimmed Its Whirlpool (WHR) Position by $89.96 Million

May 24, 2018 - By Clifton Ray

Corning Incorporated (NYSE:GLW) Logo

Richard Chilton decreased its stake in Whirlpool Corp (WHR) by 96.14% based on its latest 2017Q4 regulatory filing with the SEC. Chilton Investment Co Llc sold 535,491 shares as the company’s stock declined 11.00% with the market. The hedge fund run by Richard Chilton held 21,482 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $3.62 million, down from 556,973 at the end of the previous reported quarter. Chilton Investment Co Llc who had been investing in Whirlpool Corp for a number of months, seems to be less bullish one the $10.74 billion market cap company. The stock decreased 7.90% or $13.005 during the last trading session, reaching $151.645. About 3.68 million shares traded or 194.11% up from the average. Whirlpool Corporation (NYSE:WHR) has declined 10.04% since May 24, 2017 and is downtrending. It has underperformed by 21.59% the S&P500.




Menlo Advisors Llc increased its stake in Corning Inc (GLW) by 17.08% based on its latest 2017Q4 regulatory filing with the SEC. Menlo Advisors Llc bought 23,595 shares as the company’s stock declined 14.33% with the market. The hedge fund held 161,720 shares of the telecommunications equipment company at the end of 2017Q4, valued at $5.17 million, up from 138,125 at the end of the previous reported quarter. Menlo Advisors Llc who had been investing in Corning Inc for a number of months, seems to be bullish on the $22.81 billion market cap company. The stock decreased 1.08% or $0.3 during the last trading session, reaching $27.47. About 1.48M shares traded. Corning Incorporated (NYSE:GLW) has risen 1.20% since May 24, 2017 and is uptrending. It has underperformed by 10.35% the S&P500.

Another recent and important Whirlpool Corporation (NYSE:WHR) news was published by Streetinsider.com which published an article titled: “Whirlpool (WHR) Says 7.2M Shares Tendered in Modified Dutch Auction; Expects to Acquire Approximately 6.27M of its …” on May 24, 2018.

Since April 30, 2018, it had 0 insider buys, and 1 sale for $303,908 activity.

Among 10 analysts covering Whirlpool (NYSE:WHR), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. Whirlpool had 34 analyst reports since August 13, 2015 according to SRatingsIntel. Credit Suisse maintained the shares of WHR in report on Tuesday, April 24 with “Neutral” rating. M Partners downgraded it to “Neutral” rating and $176 target in Monday, October 17 report. The rating was initiated by Goldman Sachs with “Neutral” on Tuesday, October 6. The stock of Whirlpool Corporation (NYSE:WHR) has “Buy” rating given on Monday, July 24 by RBC Capital Markets. On Tuesday, October 24 the stock rating was downgraded by Bank of America to “Hold”. The rating was downgraded by Gabelli to “Hold” on Monday, September 12. The stock of Whirlpool Corporation (NYSE:WHR) has “Buy” rating given on Friday, November 17 by KeyBanc Capital Markets. The firm earned “Sell” rating on Wednesday, April 4 by Goldman Sachs. On Monday, October 9 the stock rating was maintained by RBC Capital Markets with “Buy”. Goldman Sachs downgraded the stock to “Neutral” rating in Friday, January 27 report.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.09, from 1.02 in 2017Q3. It worsened, as 58 investors sold WHR shares while 199 reduced holdings. 78 funds opened positions while 160 raised stakes. 60.28 million shares or 7.26% less from 65.00 million shares in 2017Q3 were reported. 1St Source Fincl Bank has invested 0.03% of its portfolio in Whirlpool Corporation (NYSE:WHR). London Of Virginia holds 0.18% or 143,792 shares in its portfolio. Amundi Pioneer Asset Inc reported 0.04% stake. Ny State Common Retirement Fund, a New York-based fund reported 155,200 shares. Mawer Mngmt owns 37,372 shares. Pacad Investment Ltd holds 0.09% or 2,400 shares in its portfolio. Metropolitan Life invested 0.03% of its portfolio in Whirlpool Corporation (NYSE:WHR). Price T Rowe Associates Incorporated Md reported 0% in Whirlpool Corporation (NYSE:WHR). Adage Cap Ptnrs Grp Inc Ltd Liability Co accumulated 102,100 shares. Moors & Cabot Incorporated, a Massachusetts-based fund reported 1,280 shares. 100 were reported by Delta Asset Mngmt Ltd Limited Liability Company Tn. Cullen Frost Bankers Inc stated it has 0.41% in Whirlpool Corporation (NYSE:WHR). Homrich Berg invested 0.04% in Whirlpool Corporation (NYSE:WHR). Vident Advisory Ltd Limited Liability Company holds 0.03% in Whirlpool Corporation (NYSE:WHR) or 3,309 shares. Alphaone Investment Svcs Ltd Liability holds 0.03% or 524 shares.

Chilton Investment Co Llc, which manages about $5.22 billion and $2.59B US Long portfolio, upped its stake in United Parcel Service Inc (NYSE:UPS) by 13,926 shares to 38,645 shares, valued at $4.61M in 2017Q4, according to the filing. It also increased its holding in Visa Inc (NYSE:V) by 29,461 shares in the quarter, for a total of 358,124 shares, and has risen its stake in Phillips 66 (NYSE:PSX).

Analysts await Whirlpool Corporation (NYSE:WHR) to report earnings on July, 25. They expect $3.86 EPS, up 15.22% or $0.51 from last year’s $3.35 per share. WHR’s profit will be $273.28M for 9.82 P/E if the $3.86 EPS becomes a reality. After $2.81 actual EPS reported by Whirlpool Corporation for the previous quarter, Wall Street now forecasts 37.37% EPS growth.

Investors sentiment increased to 0.84 in Q4 2017. Its up 0.09, from 0.75 in 2017Q3. It improved, as 41 investors sold GLW shares while 340 reduced holdings. 86 funds opened positions while 234 raised stakes. 598.30 million shares or 2.01% less from 610.60 million shares in 2017Q3 were reported. Liberty Cap Mgmt holds 0.03% or 1,380 shares. Schwab Charles Invest Management invested in 3.33 million shares or 0.08% of the stock. Hightower Advsr Ltd Llc holds 0.1% or 394,667 shares in its portfolio. Morgan Stanley accumulated 7.80 million shares. Highland Cap Mgmt LP has 0.65% invested in Corning Incorporated (NYSE:GLW). Guardian Advsr LP holds 0.49% or 107,935 shares in its portfolio. 254,769 were accumulated by State Treasurer State Of Michigan. Retail Bank Of New York Mellon invested in 0.11% or 13.15 million shares. Douglass Winthrop Limited Co accumulated 0.1% or 55,590 shares. Welch Forbes Ltd Liability holds 8,431 shares. Hudock Group Limited Com reported 0.1% stake. Cedar Hill Assoc Ltd has 1.67% invested in Corning Incorporated (NYSE:GLW) for 299,993 shares. Moreover, Community Bancorp Na has 0.03% invested in Corning Incorporated (NYSE:GLW) for 8,528 shares. Seaward Mngmt Limited Partnership holds 25,350 shares. Estabrook Capital Mngmt reported 387,669 shares or 1.87% of all its holdings.

Menlo Advisors Llc, which manages about $236.63M and $138.22M US Long portfolio, decreased its stake in Proshares Short S&P 500 Etf Ne by 43,000 shares to 58,954 shares, valued at $1.78 million in 2017Q4, according to the filing.

Among 19 analysts covering Corning Incorporated (NYSE:GLW), 5 have Buy rating, 2 Sell and 12 Hold. Therefore 26% are positive. Corning Incorporated had 48 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Wednesday, July 26 by Drexel Hamilton. On Wednesday, December 21 the stock rating was initiated by Wells Fargo with “Market Perform”. As per Wednesday, October 25, the company rating was maintained by Deutsche Bank. On Friday, March 31 the stock rating was downgraded by Citigroup to “Neutral”. Goldman Sachs downgraded the shares of GLW in report on Tuesday, March 14 to “Neutral” rating. Jefferies maintained Corning Incorporated (NYSE:GLW) on Wednesday, October 4 with “Hold” rating. Stifel Nicolaus maintained the shares of GLW in report on Friday, July 21 with “Hold” rating. As per Thursday, August 31, the company rating was maintained by Jefferies. The firm has “Sell” rating by Drexel Hamilton given on Friday, June 10. Bank of America upgraded the stock to “Neutral” rating in Tuesday, January 24 report.

Another recent and important Corning Incorporated (NYSE:GLW) news was published by Seekingalpha.com which published an article titled: “T-Mobile Has More Upside Than Sprint – Cramer’s Lightning Round (5/22/18)” on May 23, 2018.

Corning Incorporated (NYSE:GLW) Institutional Positions Chart

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