Orleans Capital Management Corp LA Has $1.52 Million Holdings in Corning Incorporated $GLW

Orleans Capital Management Corp LA boosted its position in shares of Corning Incorporated (NYSE:GLW) by 81.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,218 shares of the electronics maker’s stock after buying an additional 5,045 shares during the period. Orleans Capital Management Corp LA’s holdings in Corning were worth $1,525,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in GLW. Berbice Capital Management LLC acquired a new stake in shares of Corning in the 4th quarter valued at $26,000. Basepoint Wealth LLC bought a new stake in shares of Corning during the 4th quarter worth $26,000. Kemnay Advisory Services Inc. acquired a new stake in Corning in the fourth quarter valued at about $27,000. Litman Gregory Wealth Management LLC bought a new position in Corning in the fourth quarter valued at about $31,000. Finally, JPL Wealth Management LLC acquired a new position in Corning during the third quarter worth about $33,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Citigroup raised their price target on shares of Corning from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Susquehanna raised their target price on shares of Corning from $125.00 to $180.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. upped their price target on shares of Corning from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Barclays raised their price objective on Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, Morgan Stanley set a $180.00 price target on Corning in a research note on Friday, May 8th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $194.69.

Corning Stock Up 1.2%

Shares of GLW opened at $155.91 on Friday. The company has a market capitalization of $134.18 billion, a PE ratio of 74.60, a PEG ratio of 2.03 and a beta of 1.09. Corning Incorporated has a 12 month low of $54.89 and a 12 month high of $271.78. The stock’s 50-day moving average price is $188.92 and its two-hundred day moving average price is $155.20. 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 issued its quarterly 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 return on equity of 19.45% and a net margin of 11.09%.The company had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The business’s quarterly revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, analysts anticipate that Corning Incorporated will post 3.18 EPS for the current year.

Corning Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.28 per share. The ex-dividend date is Monday, August 31st. This represents a $1.12 annualized dividend and a yield of 0.7%. Corning’s dividend payout ratio (DPR) is presently 53.59%.

Insider Transactions at Corning

In other news, VP John Z. Zhang sold 10,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $198.34, for a total value of $1,983,400.00. Following the sale, the vice president directly owned 5,138 shares of the company’s stock, valued at approximately $1,019,070.92. This represents a 66.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Wendell P. Weeks sold 100,000 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the sale, the chief executive officer owned 908,353 shares of the company’s stock, valued at approximately $169,371,500.38. This trade represents a 9.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 160,655 shares of company stock worth $30,692,560. Company insiders own 0.25% of the company’s stock.

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.