Meadowbrook Wealth Management LLC Invests $627,000 in Corning Incorporated $GLW

Meadowbrook Wealth Management LLC acquired a new position in shares of Corning Incorporated (NYSE:GLW) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,642 shares of the electronics maker’s stock, valued at approximately $627,000.

Other institutional investors also recently bought and sold shares of the company. REAP Financial Group LLC increased its position in shares of Corning by 191.5% during the second quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 339 shares in the last quarter. Total Investment Management Inc. purchased a new position in Corning during the 2nd quarter worth $28,000. Banque Transatlantique SA acquired a new position in Corning during the 1st quarter valued at about $34,000. Resources Management Corp CT ADV raised its stake in Corning by 66.7% in the first quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock valued at $34,000 after buying an additional 300 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Corning in the second quarter worth about $36,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Stock Up 1.1%

NYSE:GLW opened at $87.81 on Friday. The firm has a market capitalization of $75.28 billion, a P/E ratio of 55.58, a PEG ratio of 1.90 and a beta of 1.11. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $96.64. The company’s fifty day moving average price is $85.94 and its 200-day moving average price is $71.50. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 1.00.

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

Corning Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 14th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, November 14th. Corning’s dividend payout ratio (DPR) is 70.89%.

Insider Buying and Selling

In related news, EVP Lewis A. Steverson sold 23,142 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $89.05, for a total value of $2,060,795.10. Following the completion of the transaction, the executive vice president directly owned 17,575 shares in the company, valued at $1,565,053.75. The trade was a 56.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Edward A. Schlesinger sold 20,893 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $91.25, for a total transaction of $1,906,486.25. Following the sale, the chief financial officer directly owned 66,959 shares in the company, valued at $6,110,008.75. This trade represents a 23.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 156,135 shares of company stock valued at $14,088,769 in the last ninety days. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GLW. UBS Group restated a “buy” rating and set a $109.00 price objective (up previously from $100.00) on shares of Corning in a report on Friday, November 21st. JPMorgan Chase & Co. upped their price target on shares of Corning from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Citigroup lifted their price objective on shares of Corning from $93.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Corning in a report on Monday. Finally, Susquehanna raised their target price on Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.09.

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.