John G Ullman & Associates Inc. Has $29.46 Million Position in Corning Incorporated $GLW

John G Ullman & Associates Inc. decreased its holdings in shares of Corning Incorporated (NYSE:GLW) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 560,239 shares of the electronics maker’s stock after selling 5,693 shares during the period. Corning comprises 4.4% of John G Ullman & Associates Inc.’s portfolio, making the stock its 3rd biggest holding. John G Ullman & Associates Inc. owned about 0.07% of Corning worth $29,463,000 as of its most recent SEC filing.

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

Corning Stock Performance

GLW stock opened at $84.49 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 0.93. The company has a 50 day moving average price of $75.33 and a 200 day moving average price of $58.62. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $87.78. The stock has a market capitalization of $72.38 billion, a PE ratio of 89.88, a price-to-earnings-growth ratio of 1.89 and a beta of 1.14.

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

Corning Announces Dividend

The firm also recently announced 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. This represents a $1.12 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, November 14th. Corning’s payout ratio is currently 119.15%.

Insider Activity

In other Corning news, EVP Lewis A. Steverson sold 16,646 shares of Corning stock in a transaction on 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 completion of the sale, the executive vice president owned 39,759 shares of the company’s stock, valued at approximately $2,473,804.98. The trade was a 29.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Avery H. Nelson III sold 36,240 shares of Corning stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $62.26, for a total transaction of $2,256,302.40. Following the sale, the chief operating officer directly owned 64,838 shares of the company’s stock, valued at $4,036,813.88. This represents a 35.85% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 181,671 shares of company stock worth $11,816,899. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GLW shares. UBS Group lifted their target price on shares of Corning from $84.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Barclays lifted their target price on shares of Corning from $52.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Wolfe Research started coverage on shares of Corning in a research note on Tuesday, July 8th. They issued an “outperform” rating for the company. Mizuho lifted their target price on shares of Corning from $74.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, October 3rd. Finally, Wall Street Zen cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Corning currently has an average rating of “Moderate Buy” and a consensus 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.