Corning Incorporated $GLW Shares Sold by Long Run Wealth Advisors LLC

Long Run Wealth Advisors LLC lessened its holdings in shares of Corning Incorporated (NYSE:GLW) by 2.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 29,149 shares of the electronics maker’s stock after selling 867 shares during the quarter. Long Run Wealth Advisors LLC’s holdings in Corning were worth $1,533,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GLW. REAP Financial Group LLC boosted its position in Corning by 191.5% during the 2nd quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 339 shares during the period. Investment Management Corp VA ADV lifted its holdings in shares of Corning by 165.9% in the first quarter. Investment Management Corp VA ADV now owns 742 shares of the electronics maker’s stock valued at $34,000 after buying an additional 463 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Corning by 90.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 745 shares of the electronics maker’s stock valued at $34,000 after buying an additional 353 shares during the period. Banque Transatlantique SA acquired a new stake in shares of Corning in the first quarter valued at $34,000. Finally, Resources Management Corp CT ADV lifted its holdings in shares of Corning by 66.7% in the first quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock valued at $34,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Stock Up 2.2%

Shares of Corning stock opened at $87.10 on Thursday. The company has a current ratio of 1.56, a quick ratio of 0.93 and a debt-to-equity ratio of 0.62. The company has a market cap of $74.68 billion, a P/E ratio of 55.13, a P/E/G ratio of 1.99 and a beta of 1.15. The stock has a 50-day moving average price of $80.93 and a 200 day moving average price of $62.93. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $92.57.

Corning (NYSE:GLW) last released its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Corning had a return on equity of 18.12% and a net margin of 9.16%.The firm had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same quarter last year, the firm posted $0.54 EPS. The company’s revenue was up 20.9% on a year-over-year basis. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. As a group, analysts expect that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 14th will be given a $0.28 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 1.3%. Corning’s payout ratio is presently 70.89%.

Insider Transactions at Corning

In other Corning news, CFO Edward A. Schlesinger sold 20,893 shares of Corning stock in a transaction on Friday, October 31st. The stock was sold at an average price of $91.25, for a total value of $1,906,486.25. Following the completion of the transaction, the chief financial officer owned 66,959 shares in the company, valued at approximately $6,110,008.75. The trade was a 23.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jaymin Amin sold 17,721 shares of Corning stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $77.18, for a total value of $1,367,706.78. Following the completion of the transaction, the senior vice president owned 88,722 shares of the company’s stock, valued at approximately $6,847,563.96. The trade was a 16.65% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 173,856 shares of company stock worth $15,456,476. 0.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GLW. JPMorgan Chase & Co. upped their price objective on Corning from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Oppenheimer set a $100.00 target price on Corning and gave the company an “outperform” rating in a report on Wednesday, October 29th. Wall Street Zen downgraded Corning from a “strong-buy” rating to a “hold” rating in a report on Saturday, September 13th. Mizuho set a $97.00 target price on Corning in a report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Corning in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Corning presently has an average rating of “Moderate Buy” and an average price target of $90.82.

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.