Cozad Asset Management Inc. Decreases Stock Holdings in Corning Incorporated $GLW

Cozad Asset Management Inc. trimmed its position in shares of Corning Incorporated (NYSE:GLW) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,155 shares of the electronics maker’s stock after selling 1,201 shares during the quarter. Cozad Asset Management Inc.’s holdings in Corning were worth $2,848,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GLW. Parkside Financial Bank & Trust boosted its position in shares of Corning by 3.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 5,296 shares of the electronics maker’s stock worth $278,000 after purchasing an additional 158 shares in the last quarter. Empirical Finance LLC lifted its stake in shares of Corning by 0.7% during the second quarter. Empirical Finance LLC now owns 27,043 shares of the electronics maker’s stock worth $1,422,000 after buying an additional 184 shares during the period. Zions Bancorporation National Association UT increased its position in shares of Corning by 3.3% in the 2nd quarter. Zions Bancorporation National Association UT now owns 5,746 shares of the electronics maker’s stock valued at $302,000 after acquiring an additional 185 shares during the period. Forte Capital LLC ADV raised its stake in Corning by 2.4% in the 2nd quarter. Forte Capital LLC ADV now owns 7,973 shares of the electronics maker’s stock worth $419,000 after acquiring an additional 190 shares during the last quarter. Finally, Westside Investment Management Inc. raised its stake in Corning by 8.3% in the 2nd quarter. Westside Investment Management Inc. now owns 2,565 shares of the electronics maker’s stock worth $135,000 after acquiring an additional 197 shares during the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

Corning Stock Up 1.7%

GLW stock opened at $79.37 on Friday. Corning Incorporated has a one year low of $37.31 and a one year high of $92.57. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.93 and a current ratio of 1.56. The firm’s fifty day moving average is $83.93 and its 200 day moving average is $66.11. The firm has a market cap of $68.05 billion, a PE ratio of 50.23, a P/E/G ratio of 1.99 and a beta of 1.15.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. Corning had a net margin of 9.16% and a return on equity of 18.12%. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same period in the prior year, the company posted $0.54 EPS. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. 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 EPS for the current year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 14th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 14th. Corning’s payout ratio is presently 70.89%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GLW shares. Argus raised their price objective on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Morgan Stanley set a $82.00 price target on shares of Corning in a research report on Wednesday, October 29th. Susquehanna upped their price objective on shares of Corning from $75.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. 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 report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Corning in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Corning has an average rating of “Moderate Buy” and a consensus target price of $91.64.

Insider Activity

In other news, insider Eric S. Musser sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $90.17, for a total transaction of $9,017,000.00. Following the transaction, the insider directly owned 44,926 shares in the company, valued at $4,050,977.42. The trade was a 69.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jaymin Amin sold 17,721 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were 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. The trade was a 16.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 173,856 shares of company stock worth $15,456,476. Company insiders own 0.40% of the company’s stock.

About Corning

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.