23,626 Shares in Corning Incorporated $GLW Bought by Oxford Financial Group LTD. LLC

Oxford Financial Group LTD. LLC purchased a new stake in Corning Incorporated (NYSE:GLW) in the second quarter, HoldingsChannel reports. The institutional investor purchased 23,626 shares of the electronics maker’s stock, valued at approximately $6,035,000. Corning comprises about 0.3% of Oxford Financial Group LTD. LLC’s holdings, making the stock its 24th biggest holding.

Other large investors also recently bought and sold shares of the company. Portfolio Design Labs LLC purchased a new position in shares of Corning during the second quarter worth about $3,576,000. Reliant Investment Partners LLC purchased a new stake in Corning in the second quarter valued at approximately $308,000. Ninepoint Partners LP purchased a new position in shares of Corning during the second quarter worth approximately $2,034,000. Advisors Capital Management LLC purchased a new position in shares of Corning during the second quarter worth approximately $972,000. Finally, MJP Associates Inc. ADV acquired a new position in shares of Corning in the 2nd quarter valued at $723,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Insider Transactions at Corning

In other Corning news, CEO Wendell P. Weeks sold 100,000 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the sale, the chief executive officer owned 908,353 shares in the company, valued at approximately $169,371,500.38. This represents a 9.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley reduced their price target on shares of Corning from $180.00 to $165.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 29th. JPMorgan Chase & Co. dropped their price objective on shares of Corning from $200.00 to $170.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. UBS Group reaffirmed a “buy” rating and issued a $196.00 target price on shares of Corning in a report on Wednesday, July 29th. Susquehanna raised their price target on Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 7th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and an average price target of $174.08.

Corning Price Performance

Shares of GLW opened at $151.49 on Friday. Corning Incorporated has a twelve month low of $64.33 and a twelve month high of $271.78. The stock’s 50 day moving average is $175.43 and its two-hundred day moving average is $163.44. The firm has a market capitalization of $130.49 billion, a PE ratio of 69.17, a P/E/G ratio of 1.95 and a beta of 1.14. The company has a current ratio of 1.81, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59.

Corning (NYSE:GLW) last issued its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%.The company’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Research analysts anticipate that Corning Incorporated will post 3.27 earnings per share for the current year.

Corning Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be given a $0.28 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. Corning’s payout ratio is currently 51.14%.

Corning Profile

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.