Corning Incorporated $GLW Stock Position Lifted by Bogart Wealth LLC

Bogart Wealth LLC boosted its stake in shares of Corning Incorporated (NYSE:GLW) by 40.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,836 shares of the electronics maker’s stock after purchasing an additional 532 shares during the period. Bogart Wealth LLC’s holdings in Corning were worth $97,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GLW. Amundi grew its position in Corning by 64.3% during the first quarter. Amundi now owns 6,408,605 shares of the electronics maker’s stock valued at $271,237,000 after purchasing an additional 2,507,797 shares in the last quarter. Nuveen LLC purchased a new position in Corning during the first quarter valued at approximately $104,789,000. Kingstone Capital Partners Texas LLC purchased a new position in Corning during the second quarter valued at approximately $92,560,000. Robeco Institutional Asset Management B.V. lifted its stake in Corning by 185.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,801,411 shares of the electronics maker’s stock valued at $94,736,000 after acquiring an additional 1,170,992 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in Corning by 37.1% in the first quarter. Deutsche Bank AG now owns 3,835,799 shares of the electronics maker’s stock valued at $175,603,000 after acquiring an additional 1,037,875 shares during the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GLW has been the subject of a number of analyst reports. Barclays boosted their price objective on shares of Corning from $52.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Oppenheimer restated an “outperform” rating and issued a $72.00 price objective (up from $55.00) on shares of Corning in a research note on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price objective on shares of Corning from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Susquehanna restated a “positive” rating and issued a $75.00 price objective (up from $60.00) on shares of Corning in a research note on Wednesday, July 30th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Corning in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Corning currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Corning Price Performance

NYSE:GLW opened at $85.31 on Tuesday. The stock has a market cap of $73.08 billion, a P/E ratio of 90.75, a PEG ratio of 1.89 and a beta of 1.14. Corning Incorporated has a one year low of $37.31 and a one year high of $87.78. The company has a fifty day moving average price of $75.74 and a 200 day moving average price of $59.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 0.93.

Corning (NYSE:GLW) last released its earnings results on Tuesday, July 29th. The electronics maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.84 billion. Corning had a net margin of 5.77% and a return on equity of 17.27%. During the same period in the prior year, the company earned $0.47 EPS. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 14th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, November 14th. Corning’s payout ratio is 119.15%.

Insider Transactions at Corning

In other Corning news, SVP Michael Paul O’day sold 14,879 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $62.36, for a total value of $927,854.44. Following the sale, the senior vice president owned 35,743 shares of the company’s stock, valued at $2,228,933.48. The trade was a 29.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Wendell P. Weeks sold 82,103 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were 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 directly owned 809,295 shares in the company, valued at $52,757,941.05. This trade represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 181,671 shares of company stock worth $11,816,899. 0.32% of the stock is currently owned by company insiders.

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.