Creative Planning Grows Position in Corning Incorporated $GLW

Creative Planning boosted its holdings in Corning Incorporated (NYSE:GLW) by 14.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 236,045 shares of the electronics maker’s stock after buying an additional 29,132 shares during the quarter. Creative Planning’s holdings in Corning were worth $12,414,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Corning by 46.0% in the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after acquiring an additional 2,114 shares during the period. Retirement Planning Co of New England Inc. bought a new position in Corning during the first quarter valued at approximately $729,000. J.W. Cole Advisors Inc. bought a new position in Corning during the first quarter valued at approximately $1,546,000. Teachers Retirement System of The State of Kentucky boosted its holdings in Corning by 4.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 59,460 shares of the electronics maker’s stock worth $2,722,000 after purchasing an additional 2,466 shares during the last quarter. Finally, Lindbrook Capital LLC grew its position in Corning by 15.8% in the 1st quarter. Lindbrook Capital LLC now owns 9,002 shares of the electronics maker’s stock worth $412,000 after purchasing an additional 1,229 shares during the period. Institutional investors own 69.80% of the company’s stock.

Wall Street Analysts Forecast Growth

GLW has been the topic of several research analyst reports. UBS Group increased their price target on Corning from $91.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Citigroup upped their price objective on Corning from $93.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Morgan Stanley set a $82.00 target price on Corning in a report on Wednesday, October 29th. Wall Street Zen cut Corning from a “strong-buy” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corning in a research report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Corning presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.82.

Insider Transactions at Corning

In other news, SVP Jaymin Amin sold 17,721 shares of Corning stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $77.18, for a total transaction of $1,367,706.78. Following the transaction, the senior vice president directly owned 88,722 shares of the company’s stock, valued at $6,847,563.96. The trade was a 16.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Stefan Becker sold 12,100 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $91.28, for a total value of $1,104,488.00. Following the transaction, the senior vice president owned 5,049 shares of the company’s stock, valued at approximately $460,872.72. This trade represents a 70.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 173,856 shares of company stock valued at $15,456,476. Company insiders own 0.32% of the company’s stock.

Corning Trading Down 1.1%

Shares of Corning stock opened at $80.13 on Wednesday. The company’s fifty day simple moving average is $83.70 and its 200-day simple moving average is $65.68. The stock has a market capitalization of $68.70 billion, a PE ratio of 50.72, a P/E/G ratio of 1.99 and a beta of 1.15. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $92.57. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 0.93.

Corning (NYSE:GLW) last posted its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. Corning had a return on equity of 18.12% and a net margin of 9.16%.The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same period in the prior year, the business posted $0.54 EPS. Corning’s revenue was up 20.9% on a year-over-year basis. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. As a group, equities analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Announces Dividend

The business also recently declared 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 yield of 1.4%. Corning’s dividend payout ratio is presently 70.89%.

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.