GC Wealth Management RIA LLC Acquires 4,312 Shares of Corning Incorporated $GLW

GC Wealth Management RIA LLC grew its holdings in Corning Incorporated (NYSE:GLW) by 102.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,517 shares of the electronics maker’s stock after purchasing an additional 4,312 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Corning were worth $1,158,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Compound Planning Inc. increased its stake in shares of Corning by 8.2% in the first quarter. Compound Planning Inc. now owns 10,419 shares of the electronics maker’s stock valued at $1,417,000 after buying an additional 793 shares in the last quarter. Klingman & Associates LLC lifted its position in Corning by 3.0% during the 1st quarter. Klingman & Associates LLC now owns 7,972 shares of the electronics maker’s stock worth $1,084,000 after buying an additional 235 shares in the last quarter. Modern Wealth Management LLC grew its holdings in Corning by 13.1% during the 1st quarter. Modern Wealth Management LLC now owns 7,550 shares of the electronics maker’s stock worth $1,075,000 after acquiring an additional 876 shares during the last quarter. Volterra Technologies LP bought a new stake in Corning during the 1st quarter worth about $247,000. Finally, Orleans Capital Management Corp LA increased its position in Corning by 81.7% in the 1st quarter. Orleans Capital Management Corp LA now owns 11,218 shares of the electronics maker’s stock valued at $1,525,000 after acquiring an additional 5,045 shares in the last quarter. Institutional investors own 69.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on GLW. Susquehanna boosted their target price on shares of Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Truist Financial upped their price objective on Corning from $149.00 to $205.00 and gave the stock a “hold” rating in a report on Monday, June 22nd. JPMorgan Chase & Co. increased their price objective on Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Oppenheimer lifted their target price on Corning from $210.00 to $230.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Corning currently has an average rating of “Moderate Buy” and an average target price of $194.69.

Corning Stock Down 6.1%

Shares of NYSE GLW opened at $146.57 on Friday. Corning Incorporated has a 1 year low of $54.89 and a 1 year high of $271.78. The firm’s 50-day moving average is $188.01 and its 200-day moving average is $155.14. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $126.14 billion, a PE ratio of 70.13, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The business had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. Corning’s revenue for the quarter was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Equities analysts expect that Corning Incorporated will post 3.18 EPS for the current year.

Corning Announces Dividend

The firm also recently announced 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 0.8%. The ex-dividend date of this dividend is Monday, August 31st. Corning’s payout ratio is currently 53.59%.

Insider Activity at Corning

In other news, VP John Z. Zhang sold 10,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $198.34, for a total value of $1,983,400.00. Following the transaction, the vice president directly owned 5,138 shares in the company, valued at $1,019,070.92. This trade represents a 66.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michaune D. Tillman sold 3,260 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $207.02, for a total value of $674,885.20. Following the completion of the sale, the senior vice president owned 10,174 shares of the company’s stock, valued at $2,106,221.48. This represents a 24.27% decrease in their position. 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. 0.25% of the stock is owned by company insiders.

Corning Company 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.