Koshinski Asset Management Inc. Acquires 377 Shares of Corning Incorporated $GLW

Koshinski Asset Management Inc. grew its holdings in shares of Corning Incorporated (NYSE:GLW) by 4.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,448 shares of the electronics maker’s stock after buying an additional 377 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Corning were worth $444,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Hartline Investment Corp bought a new position in Corning in the second quarter worth approximately $7,285,000. Chevy Chase Trust Holdings LLC grew its stake in Corning by 0.7% in the second quarter. Chevy Chase Trust Holdings LLC now owns 411,586 shares of the electronics maker’s stock worth $21,645,000 after purchasing an additional 2,791 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in Corning by 14.0% in the second quarter. Stratos Wealth Partners LTD. now owns 52,552 shares of the electronics maker’s stock worth $2,764,000 after purchasing an additional 6,466 shares in the last quarter. Private Trust Co. NA grew its stake in Corning by 15.3% in the second quarter. Private Trust Co. NA now owns 12,182 shares of the electronics maker’s stock worth $641,000 after purchasing an additional 1,620 shares in the last quarter. Finally, Angeles Wealth Management LLC bought a new position in Corning in the second quarter worth approximately $217,000. Institutional investors own 69.80% of the company’s stock.

Wall Street Analysts Forecast Growth

GLW has been the topic of several research analyst reports. Argus reissued a “buy” rating and issued a $68.00 price objective on shares of Corning in a research note on Wednesday, July 30th. Susquehanna reaffirmed a “positive” rating and set a $75.00 target price (up previously from $60.00) on shares of Corning in a research report on Wednesday, July 30th. JPMorgan Chase & Co. increased their target price on Corning from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Barclays increased their target price on Corning from $52.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. Finally, Wolfe Research began coverage on Corning in a research report on Tuesday, July 8th. They set an “outperform” rating on the stock. One 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. According to data from MarketBeat.com, Corning has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Corning Stock Performance

Shares of GLW opened at $85.31 on Tuesday. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $87.78. The stock has a fifty day moving average price of $75.74 and a 200-day moving average price of $59.06. 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 firm has a market cap of $73.08 billion, a PE ratio of 90.75, a P/E/G ratio of 1.89 and a beta of 1.14.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, July 29th. The electronics maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. Corning had a return on equity of 17.27% and a net margin of 5.77%.The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same quarter in the prior year, the business posted $0.47 EPS. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Equities research analysts predict that Corning Incorporated will post 2.33 earnings per share 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 issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, November 14th. Corning’s dividend payout ratio is currently 119.15%.

Insider Buying and Selling

In related news, EVP Lewis A. Steverson sold 16,646 shares of the firm’s stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $62.22, for a total value of $1,035,714.12. Following the completion of the transaction, the executive vice president owned 39,759 shares in the company, valued at $2,473,804.98. This trade represents a 29.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Avery H. Nelson III sold 36,240 shares of the firm’s stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $62.26, for a total value of $2,256,302.40. Following the completion of the transaction, the chief operating officer owned 64,838 shares of the company’s stock, valued at $4,036,813.88. This trade represents a 35.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 181,671 shares of company stock worth $11,816,899 over the last three months. Corporate insiders own 0.32% 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.