St. Johns Investment Management Company LLC Has $1.79 Million Stock Holdings in Corning Incorporated $GLW

St. Johns Investment Management Company LLC reduced its stake in Corning Incorporated (NYSE:GLW) by 23.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,200 shares of the electronics maker’s stock after selling 3,981 shares during the period. St. Johns Investment Management Company LLC’s holdings in Corning were worth $1,795,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GLW. Ariose Capital Management Ltd bought a new position in shares of Corning during the 1st quarter worth about $17,231,000. Koshinski Asset Management Inc. grew its stake in shares of Corning by 8.0% in the 1st quarter. Koshinski Asset Management Inc. now owns 9,219 shares of the electronics maker’s stock valued at $1,253,000 after buying an additional 681 shares during the period. Beacon Financial Advisory LLC bought a new stake in Corning in the 1st quarter valued at about $240,000. QRG Capital Management Inc. increased its position in Corning by 58.7% in the 1st quarter. QRG Capital Management Inc. now owns 112,932 shares of the electronics maker’s stock valued at $15,355,000 after buying an additional 41,785 shares in the last quarter. Finally, HB Wealth Management LLC raised its stake in Corning by 3.3% during the 1st quarter. HB Wealth Management LLC now owns 72,301 shares of the electronics maker’s stock worth $9,831,000 after buying an additional 2,291 shares during the period. Institutional investors and hedge funds own 69.80% of the company’s stock.

Wall Street Analyst Weigh In

GLW has been the topic of several recent research reports. Morgan Stanley set a $180.00 price target on Corning in a report on Friday, May 8th. Bank of America upped their target price on Corning from $155.00 to $186.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. UBS Group increased their target price on Corning from $223.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Mizuho lifted their price target on shares of Corning from $220.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.46.

Corning Stock Performance

Shares of GLW opened at $196.12 on Friday. The firm has a market capitalization of $168.79 billion, a P/E ratio of 93.84, a P/E/G ratio of 2.82 and a beta of 1.09. Corning Incorporated has a 52 week low of $51.32 and a 52 week high of $271.78. The stock has a 50 day moving average price of $190.59 and a two-hundred day moving average price of $146.38. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Corning’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. Equities analysts forecast that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Announces Dividend

The company also recently disclosed 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. This represents a $1.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, August 31st. Corning’s payout ratio is currently 53.59%.

Insider Transactions at Corning

In other news, SVP Soumya Seetharam sold 20,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $206.23, for a total value of $4,124,600.00. Following the completion of the sale, the senior vice president owned 25,570 shares in the company, valued at $5,273,301.10. This represents a 43.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Wendell P. Weeks sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the transaction, the chief executive officer directly owned 908,353 shares in the company, valued at $169,371,500.38. The trade was a 9.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 160,655 shares of company stock worth $30,692,560. 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.