Ameritas Advisory Services LLC Purchases New Holdings in Corning Incorporated $GLW

Ameritas Advisory Services LLC purchased a new stake in shares of Corning Incorporated (NYSE:GLW) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,417 shares of the electronics maker’s stock, valued at approximately $127,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Davis Investment Partners LLC bought a new stake in Corning during the 2nd quarter valued at about $251,000. Central Pacific Bank Trust Division increased its stake in Corning by 23.6% during the 2nd quarter. Central Pacific Bank Trust Division now owns 72,982 shares of the electronics maker’s stock valued at $3,838,000 after purchasing an additional 13,920 shares in the last quarter. Strs Ohio bought a new stake in Corning during the 1st quarter valued at about $27,219,000. Acadian Asset Management LLC increased its stake in Corning by 4,346.5% during the 1st quarter. Acadian Asset Management LLC now owns 153,984 shares of the electronics maker’s stock valued at $7,048,000 after purchasing an additional 150,521 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in Corning by 507.6% during the 1st quarter. Intech Investment Management LLC now owns 211,124 shares of the electronics maker’s stock valued at $9,665,000 after purchasing an additional 176,379 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors.

Corning Stock Performance

GLW opened at $87.24 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. The company has a market cap of $74.73 billion, a price-to-earnings ratio of 92.81, a PEG ratio of 1.94 and a beta of 1.14. The company’s 50 day moving average is $72.77 and its 200 day moving average is $56.94. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $87.75.

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

Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 1.3%. Corning’s payout ratio is currently 119.15%.

Insider Buying and Selling at Corning

In other Corning news, CEO Wendell P. Weeks sold 82,103 shares of Corning stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $65.19, for a total transaction of $5,352,294.57. Following the transaction, the chief executive officer owned 809,295 shares of the company’s stock, valued at $52,757,941.05. The trade was a 9.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Avery H. Nelson III sold 36,240 shares of Corning 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 transaction, the chief operating officer directly owned 64,838 shares in the company, valued at $4,036,813.88. This represents a 35.85% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 181,671 shares of company stock valued at $11,816,899. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GLW shares. Barclays lifted their price target on shares of Corning from $52.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Citigroup lifted their price target on shares of Corning from $72.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. UBS Group lifted their price target on shares of Corning from $84.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. lifted their price target on shares of Corning from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Finally, Susquehanna reiterated a “positive” rating and issued a $75.00 price target (up from $60.00) on shares of Corning in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.42.

About Corning

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.