Appleton Partners Inc. MA Buys 1,840 Shares of Corning Incorporated $GLW

Appleton Partners Inc. MA increased its stake in Corning Incorporated (NYSE:GLW) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,909 shares of the electronics maker’s stock after buying an additional 1,840 shares during the quarter. Appleton Partners Inc. MA’s holdings in Corning were worth $2,309,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Investment Management Corp VA ADV lifted its position in shares of Corning by 165.9% during the first quarter. Investment Management Corp VA ADV now owns 742 shares of the electronics maker’s stock worth $34,000 after purchasing an additional 463 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Corning by 90.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 745 shares of the electronics maker’s stock worth $34,000 after purchasing an additional 353 shares during the last quarter. Resources Management Corp CT ADV lifted its position in shares of Corning by 66.7% during the first quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock worth $34,000 after purchasing an additional 300 shares during the last quarter. Gen Wealth Partners Inc lifted its position in shares of Corning by 151.7% during the first quarter. Gen Wealth Partners Inc now owns 755 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 455 shares during the last quarter. Finally, Banque Transatlantique SA bought a new stake in shares of Corning during the first quarter worth $34,000. 69.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Corning news, CEO Wendell P. Weeks sold 82,103 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $65.19, for a total value of $5,352,294.57. Following the completion of the transaction, the chief executive officer directly owned 809,295 shares of the company’s stock, valued at approximately $52,757,941.05. The trade was a 9.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michael Paul O’day sold 14,879 shares of the business’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $62.36, for a total value of $927,854.44. Following the completion of the transaction, the senior vice president directly owned 35,743 shares of the company’s stock, valued at $2,228,933.48. The trade was a 29.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 181,671 shares of company stock valued at $11,816,899 in the last three months. 0.32% of the stock is currently owned by company insiders.

Corning Trading Up 1.3%

Corning stock opened at $83.60 on Monday. 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 Incorporated has a 52 week low of $37.31 and a 52 week high of $84.35. The company has a market capitalization of $71.62 billion, a price-to-earnings ratio of 88.94, a price-to-earnings-growth ratio of 1.86 and a beta of 1.14. The stock has a 50-day moving average price of $70.74 and a 200 day moving average price of $56.02.

Corning (NYSE:GLW) last released 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 return on equity of 17.27% and a net margin of 5.77%.The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the previous year, the company posted $0.47 earnings per share. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Sell-side analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on GLW. Mizuho lifted their target price on Corning from $74.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday. Argus restated a “buy” rating and set a $68.00 price target on shares of Corning in a research note on Wednesday, July 30th. UBS Group raised their price target on Corning from $84.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Corning in a research note on Saturday, September 27th. Finally, JPMorgan Chase & Co. raised their price target on Corning from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Corning currently has an average rating of “Moderate Buy” and a consensus target price of $71.42.

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.