Corning Incorporated $GLW is BCK Partners Inc.’s 8th Largest Position

BCK Partners Inc. increased its stake in Corning Incorporated (NYSE:GLW) by 2.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,492 shares of the electronics maker’s stock after purchasing an additional 647 shares during the quarter. Corning accounts for 0.8% of BCK Partners Inc.’s investment portfolio, making the stock its 8th largest position. BCK Partners Inc.’s holdings in Corning were worth $1,446,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. REAP Financial Group LLC increased its holdings in shares of Corning by 191.5% in the 2nd quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 339 shares in the last quarter. Investment Management Corp VA ADV increased its holdings in shares of Corning by 165.9% in the 1st quarter. Investment Management Corp VA ADV now owns 742 shares of the electronics maker’s stock valued at $34,000 after purchasing an additional 463 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Corning by 90.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 745 shares of the electronics maker’s stock valued at $34,000 after purchasing an additional 353 shares in the last quarter. Resources Management Corp CT ADV increased its holdings in shares of Corning by 66.7% in the 1st quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock valued at $34,000 after purchasing an additional 300 shares in the last quarter. Finally, Gen Wealth Partners Inc increased its holdings in shares of Corning by 151.7% in the 1st quarter. Gen Wealth Partners Inc now owns 755 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 455 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Price Performance

Corning stock opened at $85.31 on Tuesday. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $87.78. The stock has a market capitalization of $73.08 billion, a P/E ratio of 90.75, a P/E/G ratio of 1.89 and a beta of 1.14. The firm’s 50-day moving average is $75.74 and its two-hundred day moving average is $59.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 0.93.

Corning (NYSE:GLW) last released 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. Corning had a net margin of 5.77% and a return on equity of 17.27%. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same period last year, the company earned $0.47 EPS. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Equities analysts predict that Corning Incorporated will post 2.33 earnings per share 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 paid 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 (DPR) is currently 119.15%.

Insider Activity at Corning

In other Corning news, EVP Lewis A. Steverson sold 16,646 shares of the firm’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $62.22, for a total transaction of $1,035,714.12. Following the sale, the executive vice president directly owned 39,759 shares of the company’s stock, valued at $2,473,804.98. This trade represents a 29.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jaymin Amin sold 17,721 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was 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 in the company, valued at $6,847,563.96. This represents a 16.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 181,671 shares of company stock worth $11,816,899 over the last three months. Company insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

GLW has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Corning from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Oppenheimer restated an “outperform” rating and set a $72.00 target price (up from $55.00) on shares of Corning in a report on Wednesday, July 30th. Argus restated a “buy” rating and set a $68.00 target price on shares of Corning in a report on Wednesday, July 30th. Citigroup raised their target price on shares of Corning from $72.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Finally, Wolfe Research assumed coverage on shares of Corning in a report on Tuesday, July 8th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $73.00.

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.