4,017 Shares in Corning Incorporated $GLW Acquired by Natural Investments LLC

Natural Investments LLC acquired a new position in Corning Incorporated (NYSE:GLW) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,017 shares of the electronics maker’s stock, valued at approximately $211,000.

Several other large investors have also recently bought and sold shares of GLW. Brighton Jones LLC boosted its holdings in Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after purchasing an additional 2,114 shares during the period. Pallas Capital Advisors LLC bought a new position in Corning in the 1st quarter valued at $286,000. GAMMA Investing LLC boosted its holdings in Corning by 29.2% in the 1st quarter. GAMMA Investing LLC now owns 11,358 shares of the electronics maker’s stock valued at $520,000 after purchasing an additional 2,567 shares during the period. Simon Quick Advisors LLC boosted its holdings in Corning by 59.3% in the 1st quarter. Simon Quick Advisors LLC now owns 9,738 shares of the electronics maker’s stock valued at $446,000 after purchasing an additional 3,625 shares during the period. Finally, NorthCrest Asset Manangement LLC boosted its holdings in Corning by 1.7% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 43,696 shares of the electronics maker’s stock valued at $2,000,000 after purchasing an additional 745 shares during the period. 69.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on GLW. Wolfe Research assumed coverage on shares of Corning in a report on Tuesday, July 8th. They issued an “outperform” rating for the company. Mizuho raised their price objective on shares of Corning from $74.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. Morgan Stanley raised their price objective on shares of Corning from $56.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday. Susquehanna restated a “positive” rating and set a $75.00 price objective (up previously from $60.00) on shares of Corning in a research report on Wednesday, July 30th. Finally, Citigroup raised their price objective on shares of Corning from $72.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and an average target price of $73.00.

Corning Price Performance

Shares of NYSE:GLW opened at $83.00 on Friday. The stock has a market cap of $71.10 billion, a PE ratio of 88.30, a PEG ratio of 1.85 and a beta of 1.14. The company’s fifty day moving average is $73.19 and its 200 day moving average is $57.25. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $87.78. The company has a quick ratio of 0.93, a current ratio of 1.50 and a debt-to-equity ratio of 0.58.

Corning (NYSE:GLW) last issued its earnings results on Tuesday, July 29th. The electronics maker reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. Corning had a net margin of 5.77% and a return on equity of 17.27%. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter last year, the company earned $0.47 EPS. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Research analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 14th will be given a $0.28 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.3%. Corning’s payout ratio is presently 119.15%.

Insider Transactions at Corning

In other Corning news, SVP Jaymin Amin sold 17,721 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $77.18, for a total value of $1,367,706.78. Following the transaction, the senior vice president owned 88,722 shares in the company, valued at approximately $6,847,563.96. The trade was a 16.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael Paul O’day sold 14,879 shares of the business’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $62.36, for a total transaction of $927,854.44. Following the completion of the transaction, the senior vice president owned 35,743 shares in the company, valued at $2,228,933.48. The trade was a 29.39% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 181,671 shares of company stock valued at $11,816,899. Company insiders own 0.40% 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.