4,632 Shares in Corning Incorporated $GLW Acquired by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. bought a new stake in shares of Corning Incorporated (NYSE:GLW) in the second quarter, Holdings Channel reports. The firm bought 4,632 shares of the electronics maker’s stock, valued at approximately $848,000.

Several other institutional investors and hedge funds have also modified their holdings of GLW. Berbice Capital Management LLC purchased a new stake in shares of Corning during the fourth quarter worth $26,000. Basepoint Wealth LLC purchased a new position in Corning in the fourth quarter valued at about $26,000. Atwood & Palmer Inc. acquired a new position in Corning in the 2nd quarter worth about $26,000. Kemnay Advisory Services Inc. acquired a new position in Corning in the 4th quarter worth about $27,000. Finally, Litman Gregory Wealth Management LLC purchased a new stake in shares of Corning during the 4th quarter worth about $31,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GLW has been the subject of several research reports. UBS Group reiterated a “buy” rating and set a $196.00 price target on shares of Corning in a report on Wednesday, July 29th. Oppenheimer dropped their price objective on Corning from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Wall Street Zen cut shares of Corning from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Barclays decreased their target price on shares of Corning from $180.00 to $129.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 29th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $174.08.

Corning Stock Down 0.1%

Corning stock opened at $165.85 on Monday. The firm has a market cap of $142.86 billion, a price-to-earnings ratio of 75.73, a P/E/G ratio of 2.12 and a beta of 1.14. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 1.24. Corning Incorporated has a fifty-two week low of $63.37 and a fifty-two week high of $271.78. The firm has a fifty day moving average price of $176.82 and a two-hundred day moving average price of $161.92.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.63 billion. Corning had a net margin of 11.20% and a return on equity of 20.09%. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, analysts forecast that Corning Incorporated will post 3.27 earnings per share for the current year.

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.28 per share. The ex-dividend date is Monday, August 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. Corning’s payout ratio is 51.14%.

Insider Activity at Corning

In other news, CEO Wendell P. Weeks sold 100,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total value of $18,646,000.00. Following the sale, the chief executive officer owned 908,353 shares in the company, valued at approximately $169,371,500.38. This trade represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jaymin Amin sold 27,395 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the transaction, the senior vice president directly owned 94,400 shares in the company, valued at $18,138,016. This trade represents a 22.49% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.25% of the stock is currently owned by corporate insiders.

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.