Wealthcare Advisory Partners LLC Has $1.89 Million Stock Position in Corning Incorporated $GLW

Wealthcare Advisory Partners LLC lifted its stake in Corning Incorporated (NYSE:GLW) by 3.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 35,915 shares of the electronics maker’s stock after buying an additional 1,103 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Corning were worth $1,889,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Amundi raised its stake in Corning by 64.3% during the first quarter. Amundi now owns 6,408,605 shares of the electronics maker’s stock worth $271,237,000 after acquiring an additional 2,507,797 shares in the last quarter. Nuveen LLC bought a new stake in shares of Corning in the 1st quarter worth about $104,789,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Corning during the 2nd quarter worth about $92,560,000. Assenagon Asset Management S.A. lifted its holdings in Corning by 101.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,951,938 shares of the electronics maker’s stock valued at $135,140,000 after purchasing an additional 1,483,151 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in Corning by 185.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,801,411 shares of the electronics maker’s stock valued at $94,736,000 after buying an additional 1,170,992 shares in the last quarter. Institutional investors own 69.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GLW shares. JPMorgan Chase & Co. raised their price objective on shares of Corning from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Susquehanna reaffirmed a “positive” rating and set a $75.00 price target (up from $60.00) on shares of Corning in a report on Wednesday, July 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Corning in a research note on Saturday, September 27th. UBS Group increased their target price on Corning from $84.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Finally, Mizuho lifted their price target on Corning from $74.00 to $90.00 and gave the company an “outperform” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.42.

Corning Stock Up 2.1%

NYSE GLW opened at $85.34 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.50. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $86.10. The stock has a market capitalization of $73.10 billion, a P/E ratio of 90.79, a price-to-earnings-growth ratio of 1.86 and a beta of 1.14. The stock has a fifty day moving average of $71.34 and a 200-day moving average of $56.27.

Corning (NYSE:GLW) last announced its quarterly earnings data on Tuesday, July 29th. The electronics maker reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.84 billion. Corning had a return on equity of 17.27% and a net margin of 5.77%.During the same period last year, the company earned $0.47 earnings per share. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. On average, equities research analysts forecast that Corning Incorporated will post 2.33 EPS for the current year.

Insider Activity at Corning

In related news, SVP Jaymin Amin sold 17,721 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $77.18, for a total transaction of $1,367,706.78. Following the completion of the sale, the senior vice president directly owned 88,722 shares of the company’s stock, valued at $6,847,563.96. The trade was a 16.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Avery H. Nelson III sold 36,240 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $62.26, for a total transaction of $2,256,302.40. Following the completion of the transaction, the chief operating officer directly owned 64,838 shares in the company, valued at approximately $4,036,813.88. The trade was a 35.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 181,671 shares of company stock worth $11,816,899 over the last 90 days. Insiders own 0.40% of the company’s stock.

Corning Company Profile

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.