102,833 Shares in Corning Incorporated $GLW Bought by AMJ Financial Wealth Management

AMJ Financial Wealth Management bought a new position in Corning Incorporated (NYSE:GLW) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 102,833 shares of the electronics maker’s stock, valued at approximately $9,004,000. Corning makes up approximately 2.1% of AMJ Financial Wealth Management’s investment portfolio, making the stock its 21st biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Merit Financial Group LLC increased its position in shares of Corning by 16.9% during the fourth quarter. Merit Financial Group LLC now owns 45,001 shares of the electronics maker’s stock valued at $3,940,000 after acquiring an additional 6,493 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ increased its position in shares of Corning by 4.9% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 261,749 shares of the electronics maker’s stock valued at $21,471,000 after acquiring an additional 12,297 shares during the last quarter. Hartline Investment Corp increased its position in shares of Corning by 113.2% during the third quarter. Hartline Investment Corp now owns 295,362 shares of the electronics maker’s stock valued at $24,229,000 after acquiring an additional 156,843 shares during the last quarter. Three Seasons Wealth LLC acquired a new stake in shares of Corning during the fourth quarter valued at about $1,750,000. Finally, Natixis Advisors LLC boosted its stake in shares of Corning by 32.1% in the third quarter. Natixis Advisors LLC now owns 479,921 shares of the electronics maker’s stock valued at $39,367,000 after purchasing an additional 116,583 shares during the period. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GLW shares. UBS Group raised their price objective on shares of Corning from $179.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. boosted their price objective on shares of Corning from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Morgan Stanley set a $180.00 target price on shares of Corning in a report on Friday, May 8th. Oppenheimer lifted their price objective on shares of Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, Zacks Research upgraded shares of Corning from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.92.

Corning Trading Down 7.7%

Shares of GLW stock opened at $192.18 on Friday. The firm has a 50-day moving average price of $156.22 and a 200 day moving average price of $119.68. Corning Incorporated has a twelve month low of $47.40 and a twelve month high of $211.79. The company has a market capitalization of $165.40 billion, a price-to-earnings ratio of 91.95, a PEG ratio of 2.98 and a beta of 1.14. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the company posted $0.54 EPS. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Research analysts forecast that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.6%. Corning’s dividend payout ratio is currently 53.59%.

Insider Activity at Corning

In related news, CEO Wendell P. Weeks sold 137,514 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the sale, the chief executive officer owned 750,585 shares of the company’s stock, valued at approximately $116,618,391.45. This represents a 15.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michaune D. Tillman sold 3,260 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $207.02, for a total transaction of $674,885.20. Following the sale, the senior vice president directly owned 10,174 shares of the company’s stock, valued at approximately $2,106,221.48. This trade represents a 24.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 170,774 shares of company stock worth $28,148,435. 0.25% of the stock is owned by insiders.

Corning Profile

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.