Wealth Alliance LLC Has $555,000 Stake in Corning Incorporated $GLW

Wealth Alliance LLC grew its position in Corning Incorporated (NYSE:GLW) by 6.9% in the second quarter, HoldingsChannel.com reports. The fund owned 10,554 shares of the electronics maker’s stock after buying an additional 682 shares during the quarter. Wealth Alliance LLC’s holdings in Corning were worth $555,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. REAP Financial Group LLC boosted its stake in Corning by 191.5% in 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. Investment Management Corp VA ADV raised its holdings in shares of Corning by 165.9% in the first quarter. Investment Management Corp VA ADV now owns 742 shares of the electronics maker’s stock valued at $34,000 after buying an additional 463 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in Corning by 90.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 745 shares of the electronics maker’s stock worth $34,000 after buying an additional 353 shares in the last quarter. Banque Transatlantique SA bought a new stake in Corning during the 1st quarter worth about $34,000. Finally, Resources Management Corp CT ADV grew its holdings in Corning by 66.7% during the 1st quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock worth $34,000 after acquiring an additional 300 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors.

Corning Trading Down 2.2%

Shares of GLW stock traded down $1.95 on Thursday, reaching $87.06. The company had a trading volume of 759,823 shares, compared to its average volume of 6,235,801. The stock has a market cap of $74.65 billion, a PE ratio of 55.04, a PEG ratio of 1.99 and a beta of 1.15. The company has a 50-day moving average of $82.90 and a 200-day moving average of $64.51. The company has a current ratio of 1.56, a quick ratio of 0.93 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $92.57.

Corning (NYSE:GLW) last issued its quarterly earnings data 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 firm had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.24 billion. Corning had a net margin of 9.16% and a return on equity of 18.12%. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 earnings per share. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. On average, equities analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 1.3%. Corning’s payout ratio is currently 70.89%.

Insider Transactions at Corning

In other Corning news, insider Eric S. Musser sold 100,000 shares of the stock in a transaction dated 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 completion of the sale, the insider directly owned 44,926 shares in the company, valued at $4,050,977.42. This represents a 69.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lewis A. Steverson sold 23,142 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $89.05, for a total value of $2,060,795.10. Following the sale, the executive vice president directly owned 17,575 shares in the company, valued at approximately $1,565,053.75. This represents a 56.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 173,856 shares of company stock valued at $15,456,476. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GLW. Oppenheimer set a $100.00 target price on shares of Corning and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Weiss Ratings upgraded shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, November 7th. Citigroup increased their price objective on Corning from $93.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Morgan Stanley set a $82.00 target price on Corning in a research report on Wednesday, October 29th. Finally, Argus upped their price target on Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.82.

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.