King Wealth Management Group Makes New Investment in Corning Incorporated $GLW

King Wealth Management Group bought a new stake in Corning Incorporated (NYSE:GLW) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,175 shares of the electronics maker’s stock, valued at approximately $220,000.

Other large investors have also modified their holdings of the company. REAP Financial Group LLC grew its position in 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 buying an additional 339 shares during the last quarter. Investment Management Corp VA ADV lifted its stake 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 worth $34,000 after acquiring an additional 463 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted 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 acquiring an additional 353 shares in the last quarter. Resources Management Corp CT ADV increased its stake in shares of Corning by 66.7% during the first quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock worth $34,000 after acquiring an additional 300 shares during the period. Finally, Gen Wealth Partners Inc raised its holdings in Corning by 151.7% during the first quarter. Gen Wealth Partners Inc now owns 755 shares of the electronics maker’s stock worth $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.

Insider Transactions at Corning

In other news, SVP Jaymin Amin sold 17,721 shares of Corning stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $77.18, for a total value of $1,367,706.78. Following the transaction, the senior vice president directly owned 88,722 shares of the company’s stock, valued at $6,847,563.96. The trade was a 16.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Eric S. Musser sold 100,000 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $90.17, for a total value of $9,017,000.00. Following the sale, the insider owned 44,926 shares of the company’s stock, valued at $4,050,977.42. The trade was a 69.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 173,856 shares of company stock valued at $15,456,476 in the last ninety days. Company insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GLW. JPMorgan Chase & Co. lifted 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. Argus lifted their price target on Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Morgan Stanley set a $82.00 price objective on Corning in a report on Wednesday, October 29th. Barclays raised their target price on Corning from $65.00 to $83.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Finally, UBS Group upped their price target on shares of Corning from $91.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.82.

Corning Price Performance

Shares of NYSE:GLW opened at $82.29 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.93 and a current ratio of 1.56. The business’s fifty day moving average price is $83.15 and its two-hundred day moving average price is $64.63. The stock has a market cap of $70.55 billion, a PE ratio of 52.08, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15. Corning Incorporated has a one year low of $37.31 and a one year high of $92.57.

Corning (NYSE:GLW) last issued its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.24 billion. Corning had a net margin of 9.16% and a return on equity of 18.12%. Corning’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. On average, analysts forecast that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 14th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 14th. Corning’s dividend payout ratio (DPR) is 70.89%.

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.