Corning Incorporated $GLW Shares Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. increased its stake in shares of Corning Incorporated (NYSE:GLW) by 8.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,058 shares of the electronics maker’s stock after purchasing an additional 4,841 shares during the period. J.W. Cole Advisors Inc.’s holdings in Corning were worth $5,259,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of GLW. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Corning during the 3rd quarter worth approximately $25,000. Berbice Capital Management LLC acquired a new position in shares of Corning during the 4th quarter worth approximately $26,000. Basepoint Wealth LLC acquired a new position in shares of Corning during the 4th quarter worth approximately $26,000. Cornerstone Planning Group LLC raised its position in shares of Corning by 58.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 124 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new position in shares of Corning during the 3rd quarter worth approximately $33,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Stock Down 10.2%

Shares of NYSE GLW opened at $177.52 on Friday. Corning Incorporated has a 52-week low of $49.47 and a 52-week high of $211.79. The firm has a fifty day moving average of $173.00 and a 200-day moving average of $130.26. The stock has a market capitalization of $152.78 billion, a PE ratio of 84.94, a P/E/G ratio of 2.83 and a beta of 1.15. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last announced its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The company had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the previous year, the company earned $0.54 EPS. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, analysts anticipate that Corning Incorporated will post 3.19 EPS for the current year.

Corning Dividend Announcement

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

Insider Buying and Selling at Corning

In related news, SVP Michaune D. Tillman sold 3,260 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $207.02, for a total transaction of $674,885.20. Following the completion of the sale, the senior vice president directly owned 10,174 shares of the company’s stock, valued at approximately $2,106,221.48. This represents a 24.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Soumya Seetharam sold 20,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $206.23, for a total transaction of $4,124,600.00. Following the sale, the senior vice president directly owned 25,570 shares of the company’s stock, valued at approximately $5,273,301.10. This trade represents a 43.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 60,655 shares of company stock valued at $12,046,561 in the last quarter. Company insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

GLW has been the subject of several research reports. Zacks Research downgraded Corning from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Oppenheimer lifted their price objective on Corning from $120.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded Corning from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. boosted their price target on Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Corning in a report on Friday, May 15th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.31.

Corning Company 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.