Freestone Capital Holdings LLC Has $212,000 Stock Position in Corning Incorporated $GLW

Freestone Capital Holdings LLC reduced its stake in Corning Incorporated (NYSE:GLW) by 15.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,036 shares of the electronics maker’s stock after selling 746 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Corning were worth $212,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Forte Capital LLC ADV lifted its stake in shares of Corning by 2.4% in the second 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 period. Westside Investment Management Inc. lifted its stake in shares of Corning by 8.3% in the second 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 period. Smith Salley Wealth Management lifted its stake in shares of Corning by 3.3% in the second quarter. Smith Salley Wealth Management now owns 6,280 shares of the electronics maker’s stock worth $330,000 after acquiring an additional 200 shares during the period. Leigh Baldwin & CO. LLC lifted its stake in shares of Corning by 1.7% in the first quarter. Leigh Baldwin & CO. LLC now owns 12,513 shares of the electronics maker’s stock worth $573,000 after acquiring an additional 210 shares during the period. Finally, BLB&B Advisors LLC lifted its stake in shares of Corning by 0.7% in the second quarter. BLB&B Advisors LLC now owns 30,443 shares of the electronics maker’s stock worth $1,601,000 after acquiring an additional 210 shares during the period. 69.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Stefan Becker sold 12,100 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total transaction of $1,104,488.00. Following the completion of the sale, the senior vice president owned 5,049 shares in the company, valued at $460,872.72. The trade was a 70.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jaymin Amin sold 17,721 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $77.18, for a total value of $1,367,706.78. Following the sale, the senior vice president owned 88,722 shares of the company’s stock, valued at $6,847,563.96. This trade represents 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 valued at $15,456,476. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

GLW has been the topic of a number of recent analyst reports. Oppenheimer set a $100.00 price objective on Corning and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. boosted their price target on Corning from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Morgan Stanley set a $82.00 price target on Corning in a research note on Wednesday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Corning in a research note on Wednesday, October 8th. Finally, Citigroup boosted their price target on Corning from $93.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $90.82.

Corning Trading Up 2.2%

NYSE GLW opened at $87.10 on Thursday. The company has a market cap of $74.61 billion, a price-to-earnings ratio of 55.13, a P/E/G ratio of 1.99 and a beta of 1.14. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $92.57. The business has a 50 day moving average price of $80.93 and a 200-day moving average price of $62.93. The company has a quick ratio of 0.93, a current ratio of 1.56 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last released its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01. The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.24 billion. Corning had a return on equity of 18.12% and a net margin of 9.16%.The company’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 earnings per share. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. As a group, equities analysts expect that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

The company 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. The ex-dividend date is Friday, November 14th. This represents a $1.12 annualized dividend and a dividend yield of 1.3%. Corning’s payout ratio is currently 70.89%.

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.