5,000 Shares in Corning Incorporated $GLW Acquired by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC purchased a new stake in Corning Incorporated (NYSE:GLW) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 5,000 shares of the electronics maker’s stock, valued at approximately $710,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Berbice Capital Management LLC acquired a new stake in Corning during the fourth quarter worth approximately $26,000. Basepoint Wealth LLC acquired a new position in shares of Corning in the 4th quarter valued at $26,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Corning in the 3rd quarter valued at $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of Corning in the 4th quarter valued at $27,000. Finally, Litman Gregory Wealth Management LLC purchased a new position in shares of Corning in the 4th quarter valued at $31,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning Stock Up 0.2%

GLW stock opened at $195.28 on Friday. The company has a market cap of $168.06 billion, a price-to-earnings ratio of 93.44, a price-to-earnings-growth ratio of 2.79 and a beta of 1.15. The company has a fifty day moving average price of $180.63 and a 200 day moving average price of $137.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. Corning Incorporated has a 12 month low of $49.97 and a 12 month high of $211.79.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. Corning’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period last year, the firm posted $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Sell-side analysts expect that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.6%. Corning’s dividend payout ratio (DPR) is currently 53.59%.

Insider Activity

In related news, VP John Z. Zhang sold 10,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $198.34, for a total value of $1,983,400.00. Following the transaction, the vice president owned 5,138 shares in the company, valued at $1,019,070.92. The trade was a 66.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jaymin Amin sold 27,395 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $192.14, for a total value of $5,263,675.30. Following the sale, the senior vice president directly owned 94,400 shares of the company’s stock, valued at approximately $18,138,016. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 160,655 shares of company stock valued at $30,692,560. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GLW. Barclays boosted their price target on shares of Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Citigroup raised their price objective on Corning from $175.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Bank of America lifted their target price on Corning from $155.00 to $186.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Susquehanna boosted their target price on Corning from $125.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen cut Corning from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $178.31.

About Corning

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.