Access Investment Management LLC Makes New $45,000 Investment in Corning Incorporated $GLW

Access Investment Management LLC bought a new stake in shares of Corning Incorporated (NYSE:GLW) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 851 shares of the electronics maker’s stock, valued at approximately $45,000.

Several other institutional investors also recently added to or reduced their stakes in GLW. Forte Capital LLC ADV increased its position in Corning by 2.4% during the second quarter. Forte Capital LLC ADV now owns 7,973 shares of the electronics maker’s stock worth $419,000 after acquiring an additional 190 shares during the period. Westside Investment Management Inc. grew its position in Corning by 8.3% in the 2nd quarter. Westside Investment Management Inc. now owns 2,565 shares of the electronics maker’s stock worth $135,000 after purchasing an additional 197 shares during the last quarter. Smith Salley Wealth Management increased its holdings in shares of Corning by 3.3% during the 2nd quarter. Smith Salley Wealth Management now owns 6,280 shares of the electronics maker’s stock worth $330,000 after purchasing an additional 200 shares during the period. Leigh Baldwin & CO. LLC lifted its stake in shares of Corning by 1.7% in the first quarter. Leigh Baldwin & CO. LLC now owns 12,513 shares of the electronics maker’s stock valued at $573,000 after buying an additional 210 shares during the period. Finally, BLB&B Advisors LLC grew its position in Corning by 0.7% during the second quarter. BLB&B Advisors LLC now owns 30,443 shares of the electronics maker’s stock worth $1,601,000 after buying an additional 210 shares in the last quarter. 69.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Jaymin Amin sold 17,721 shares of the stock in a transaction that occurred on 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 completion of the transaction, the senior vice president directly owned 88,722 shares of the company’s stock, valued at approximately $6,847,563.96. This represents a 16.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Eric S. Musser sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $90.17, for a total value of $9,017,000.00. Following the transaction, the insider directly owned 44,926 shares in the company, valued at $4,050,977.42. This trade represents a 69.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 211,924 shares of company stock valued at $16,841,489. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Susquehanna lifted their price objective on Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, October 29th. Argus boosted their price target on shares of Corning from $68.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday. Oppenheimer set a $100.00 price objective on shares of Corning and gave the stock an “outperform” rating in a report on Wednesday. Mizuho set a $97.00 target price on shares of Corning in a research note on Wednesday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Corning in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.82.

Corning Stock Down 1.3%

Shares of NYSE:GLW opened at $89.07 on Monday. The company has a 50 day moving average of $79.77 and a 200-day moving average of $62.13. Corning Incorporated has a one year low of $37.31 and a one year high of $92.57. The stock has a market cap of $76.30 billion, a price-to-earnings ratio of 56.37, a P/E/G ratio of 1.99 and a beta of 1.14. 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 released its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. The firm had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.24 billion. Corning had a return on equity of 18.12% and a net margin of 9.16%.The company’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. On average, sell-side analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 14th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.3%. Corning’s payout ratio is currently 70.89%.

Corning Company Profile

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.