Access Investment Management LLC Acquires Shares of 851 Corning Incorporated $GLW

Access Investment Management LLC bought a new position in shares of Corning Incorporated (NYSE:GLW) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 851 shares of the electronics maker’s stock, valued at approximately $45,000.

Other large investors also recently bought and sold shares of the company. Corton Capital Inc. acquired a new position in shares of Corning during the 2nd quarter worth $218,000. Seelaus Asset Management LLC purchased a new stake in Corning during the second quarter worth $383,000. Hunter Associates Investment Management LLC increased its position in shares of Corning by 1.1% in the second quarter. Hunter Associates Investment Management LLC now owns 79,693 shares of the electronics maker’s stock valued at $4,197,000 after buying an additional 869 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of Corning by 8.3% during the 2nd quarter. Westside Investment Management Inc. now owns 2,565 shares of the electronics maker’s stock worth $135,000 after buying an additional 197 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Corning by 33.5% in the 2nd quarter. Bank of Montreal Can now owns 1,454,979 shares of the electronics maker’s stock worth $76,517,000 after buying an additional 365,475 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on GLW. UBS Group increased their price target on shares of Corning from $91.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday. Oppenheimer set a $100.00 price objective on Corning and gave the company an “outperform” rating in a research note on Wednesday. Wolfe Research initiated coverage on Corning in a report on Tuesday, July 8th. They issued an “outperform” rating for the company. Citigroup increased their price objective on shares of Corning from $93.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Corning in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $90.82.

Corning Price Performance

Shares of NYSE:GLW opened at $89.07 on Monday. The company has a market cap of $76.30 billion, a PE ratio of 56.37, a P/E/G ratio of 1.99 and a beta of 1.14. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $92.57. The company has a quick ratio of 0.93, a current ratio of 1.56 and a debt-to-equity ratio of 0.62. The firm has a 50-day simple moving average of $79.77 and a 200 day simple moving average of $62.13.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.24 billion. Corning had a return on equity of 18.12% and a net margin of 9.16%.The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. On average, sell-side analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 14th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, November 14th. Corning’s dividend payout ratio is 70.89%.

Insider Transactions at Corning

In other news, SVP Jaymin Amin sold 17,721 shares of Corning stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $77.18, for a total transaction of $1,367,706.78. Following the transaction, the senior vice president directly owned 88,722 shares in the company, valued at approximately $6,847,563.96. This trade represents a 16.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Wendell P. Weeks sold 82,103 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $65.19, for a total transaction of $5,352,294.57. Following the completion of the sale, the chief executive officer owned 809,295 shares in the company, valued at approximately $52,757,941.05. This trade represents a 9.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 211,924 shares of company stock valued at $16,841,489. Company insiders own 0.40% of the company’s stock.

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.