Corning Incorporated $GLW Shares Purchased by Wealth Alliance LLC

Wealth Alliance LLC raised its position in shares of Corning Incorporated (NYSE:GLW) by 6.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,554 shares of the electronics maker’s stock after purchasing an additional 682 shares during the period. Wealth Alliance LLC’s holdings in Corning were worth $555,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GLW. Davis Investment Partners LLC acquired a new stake in shares of Corning during the 2nd quarter valued at $251,000. Central Pacific Bank Trust Division raised its position in shares of Corning by 23.6% during the second quarter. Central Pacific Bank Trust Division now owns 72,982 shares of the electronics maker’s stock worth $3,838,000 after purchasing an additional 13,920 shares during the period. Motley Fool Asset Management LLC lifted its holdings in shares of Corning by 10.5% during the second quarter. Motley Fool Asset Management LLC now owns 44,037 shares of the electronics maker’s stock valued at $2,316,000 after purchasing an additional 4,183 shares during the last quarter. Strs Ohio acquired a new position in shares of Corning in the 1st quarter valued at $27,219,000. Finally, Acadian Asset Management LLC increased its stake in Corning by 4,346.5% in the 1st quarter. Acadian Asset Management LLC now owns 153,984 shares of the electronics maker’s stock worth $7,048,000 after purchasing an additional 150,521 shares in the last quarter. 69.80% of the stock is owned by institutional investors and hedge funds.

Corning Stock Down 2.2%

NYSE GLW traded down $1.95 during trading on Thursday, reaching $87.06. The company’s stock had a trading volume of 759,823 shares, compared to its average volume of 6,235,801. The company has a current ratio of 1.56, a quick ratio of 0.93 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $74.65 billion, a PE ratio of 55.04, a PEG ratio of 1.99 and a beta of 1.15. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $92.57. The business has a 50-day moving average price of $82.90 and a 200-day moving average price of $64.51.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $4.27 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. On average, research analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders 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 1.3%. The ex-dividend date of this dividend is Friday, November 14th. Corning’s dividend payout ratio (DPR) is currently 70.89%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Weiss Ratings raised shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, November 7th. Morgan Stanley set a $82.00 price target on shares of Corning in a report on Wednesday, October 29th. Wall Street Zen downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Saturday, September 13th. Barclays boosted their target price on shares of Corning from $65.00 to $83.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Finally, Susquehanna raised their target price on Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.82.

Insider Activity at Corning

In other Corning news, insider Eric S. Musser sold 100,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jaymin Amin sold 17,721 shares of Corning stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $77.18, for a total value of $1,367,706.78. Following the sale, the senior vice president directly owned 88,722 shares in the company, valued at $6,847,563.96. The trade was a 16.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 173,856 shares of company stock valued at $15,456,476. 0.32% of the stock is owned by corporate insiders.

Corning 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.