Corning Incorporated $GLW Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC decreased its position in shares of Corning Incorporated (NYSE:GLW) by 7.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,367 shares of the electronics maker’s stock after selling 719 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Corning were worth $440,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Investment Management Corp VA ADV boosted its position in shares of Corning by 165.9% during the 1st quarter. Investment Management Corp VA ADV now owns 742 shares of the electronics maker’s stock valued at $34,000 after acquiring an additional 463 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Corning by 90.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 745 shares of the electronics maker’s stock valued at $34,000 after acquiring an additional 353 shares during the last quarter. Banque Transatlantique SA acquired a new position in shares of Corning during the 1st quarter valued at about $34,000. Resources Management Corp CT ADV boosted its position in shares of Corning by 66.7% during the 1st quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock valued at $34,000 after acquiring an additional 300 shares during the last quarter. Finally, Gen Wealth Partners Inc boosted its position in shares of Corning by 151.7% during the 1st quarter. Gen Wealth Partners Inc now owns 755 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 455 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Stock Up 0.2%

Shares of GLW opened at $87.24 on Friday. The stock has a market capitalization of $74.73 billion, a PE ratio of 92.81, a P/E/G ratio of 1.94 and a beta of 1.14. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $87.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.50. The company’s 50-day simple moving average is $72.77 and its 200-day simple moving average is $56.94.

Corning (NYSE:GLW) last issued its quarterly earnings results on Tuesday, July 29th. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.84 billion. Corning had a net margin of 5.77% and a return on equity of 17.27%. During the same quarter in the prior year, the company earned $0.47 earnings per share. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Dividend Announcement

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

Insider Buying and Selling at Corning

In other news, SVP Jaymin Amin sold 17,721 shares of the stock in a transaction dated 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 sale, the senior vice president owned 88,722 shares of the company’s stock, valued at approximately $6,847,563.96. This represents a 16.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael Paul O’day sold 14,879 shares of the stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $62.36, for a total transaction of $927,854.44. Following the sale, the senior vice president directly owned 35,743 shares in the company, valued at $2,228,933.48. This represents a 29.39% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 181,671 shares of company stock valued at $11,816,899. Corporate insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

GLW has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Corning in a research report on Wednesday. Wolfe Research initiated coverage on shares of Corning in a research report on Tuesday, July 8th. They issued an “outperform” rating on the stock. UBS Group upped their target price on shares of Corning from $84.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Citigroup upped their target price on shares of Corning from $72.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Finally, Mizuho upped their target price on shares of Corning from $74.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.42.

Corning 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.