Corning Incorporated $GLW Stock Holdings Lifted by Vest Financial LLC

Vest Financial LLC lifted its holdings in Corning Incorporated (NYSE:GLW) by 20.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 28,046 shares of the electronics maker’s stock after buying an additional 4,822 shares during the quarter. Vest Financial LLC’s holdings in Corning were worth $1,475,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of GLW. Brighton Jones LLC lifted its position in shares of Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after buying an additional 2,114 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Corning by 29.2% in the 1st quarter. GAMMA Investing LLC now owns 11,358 shares of the electronics maker’s stock worth $520,000 after buying an additional 2,567 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Corning by 1.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,300,954 shares of the electronics maker’s stock worth $59,558,000 after buying an additional 23,781 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of Corning by 1.3% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 22,379 shares of the electronics maker’s stock worth $1,024,000 after buying an additional 297 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Corning by 7.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 447,924 shares of the electronics maker’s stock worth $20,506,000 after buying an additional 30,293 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GLW has been the topic of a number of analyst reports. Argus reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Corning in a report on Wednesday, July 30th. Morgan Stanley increased their price objective on shares of Corning from $56.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday. Barclays increased their price objective on shares of Corning from $52.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. Wolfe Research initiated coverage on shares of Corning in a report on Tuesday, July 8th. They issued an “outperform” rating on the stock. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Corning in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.00.

Corning Stock Down 0.9%

Corning stock opened at $84.69 on Wednesday. The stock has a market cap of $72.55 billion, a price-to-earnings ratio of 90.10, a PEG ratio of 1.91 and a beta of 1.14. The company has a current ratio of 1.50, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. The company’s 50-day moving average price is $74.06 and its two-hundred day moving average price is $57.79. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $87.78.

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 for 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 quarter last year, the company earned $0.47 EPS. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. On average, analysts expect that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Dividend Announcement

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

Insider Buying and Selling

In other news, COO Avery H. Nelson III sold 36,240 shares of Corning stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $62.26, for a total value of $2,256,302.40. Following the transaction, the chief operating officer owned 64,838 shares of the company’s stock, valued at $4,036,813.88. The trade was a 35.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jaymin Amin sold 17,721 shares of Corning stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 88,722 shares in the company, valued at $6,847,563.96. This represents a 16.65% 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 owned by insiders.

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.