Secured Retirement Advisors LLC Raises Holdings in Corning Incorporated $GLW

Secured Retirement Advisors LLC boosted its stake in shares of Corning Incorporated (NYSE:GLW) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 63,276 shares of the electronics maker’s stock after buying an additional 440 shares during the period. Corning makes up approximately 2.0% of Secured Retirement Advisors LLC’s holdings, making the stock its 8th largest holding. Secured Retirement Advisors LLC’s holdings in Corning were worth $3,328,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Forte Capital LLC ADV raised 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 valued at $419,000 after acquiring an additional 190 shares during the period. Smith Salley Wealth Management raised its position in Corning by 3.3% in the 2nd quarter. Smith Salley Wealth Management now owns 6,280 shares of the electronics maker’s stock worth $330,000 after purchasing an additional 200 shares during the period. Leigh Baldwin & CO. LLC raised its position in Corning by 1.7% in the 1st quarter. Leigh Baldwin & CO. LLC now owns 12,513 shares of the electronics maker’s stock worth $573,000 after purchasing an additional 210 shares during the period. Old North State Wealth Management LLC raised its position in Corning by 0.5% in the 2nd quarter. Old North State Wealth Management LLC now owns 40,325 shares of the electronics maker’s stock worth $2,121,000 after purchasing an additional 218 shares during the period. Finally, Harbour Investments Inc. raised its position in Corning by 2.4% in the 1st quarter. Harbour Investments Inc. now owns 9,489 shares of the electronics maker’s stock worth $434,000 after purchasing an additional 224 shares during the period. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Insider Activity at Corning

In related news, SVP Michael Paul O’day sold 14,879 shares of Corning stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $62.36, for a total transaction of $927,854.44. Following the transaction, the senior vice president directly owned 35,743 shares of the company’s stock, valued at $2,228,933.48. This trade represents a 29.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Lewis A. Steverson sold 16,646 shares of Corning stock in a transaction on Wednesday, July 30th. The shares were 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 represents a 29.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 181,671 shares of company stock valued at $11,816,899 over the last quarter. 0.32% of the stock is owned by insiders.

Corning Stock Performance

Shares of Corning stock opened at $85.08 on Wednesday. The firm has a market cap of $72.88 billion, a P/E ratio of 90.51, a P/E/G ratio of 1.90 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. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $86.23. The stock’s fifty day moving average price is $71.80 and its 200-day moving average price is $56.47.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, July 29th. The electronics maker reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate 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 firm posted $0.47 EPS. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. On average, equities research analysts expect that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GLW. Wall Street Zen downgraded Corning from a “strong-buy” rating to a “hold” rating in a report on Saturday, September 13th. Morgan Stanley set a $56.00 target price on Corning and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Barclays increased their target price on Corning from $52.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. increased their target price on Corning from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $75.00 price target (up previously from $60.00) on shares of Corning in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.42.

Corning 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.