Advisory Services Network LLC Sells 20,531 Shares of Corning Incorporated $GLW

Advisory Services Network LLC lowered its holdings in shares of Corning Incorporated (NYSE:GLW) by 20.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,876 shares of the electronics maker’s stock after selling 20,531 shares during the period. Advisory Services Network LLC’s holdings in Corning were worth $4,201,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. REAP Financial Group LLC grew its stake in shares of Corning by 191.5% in the 2nd quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock worth $27,000 after buying an additional 339 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Corning in the second quarter worth $36,000. Elevation Point Wealth Partners LLC bought a new stake in Corning in the second quarter worth $38,000. WFA of San Diego LLC purchased a new stake in shares of Corning in the second quarter worth $38,000. Finally, Resources Management Corp CT ADV increased its holdings 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 valued at $34,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Edward A. Schlesinger sold 20,893 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $91.25, for a total value of $1,906,486.25. Following the transaction, the chief financial officer directly owned 66,959 shares of the company’s stock, valued at approximately $6,110,008.75. The trade was a 23.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jaymin Amin sold 17,721 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $77.18, for a total transaction of $1,367,706.78. Following the sale, the senior vice president directly owned 88,722 shares of the company’s stock, valued at approximately $6,847,563.96. This trade represents a 16.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 173,856 shares of company stock valued at $15,456,476. Insiders own 0.32% of the company’s stock.

Corning Price Performance

NYSE GLW opened at $88.20 on Tuesday. The business’s fifty day moving average is $85.86 and its 200 day moving average is $70.77. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $96.64. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.56. The company has a market capitalization of $75.62 billion, a PE ratio of 55.82, a price-to-earnings-growth ratio of 1.93 and a beta of 1.11.

Corning (NYSE:GLW) last posted its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.24 billion. Corning had a return on equity of 18.12% and a net margin of 9.16%.The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Sell-side analysts predict that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 14th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a yield of 1.3%. Corning’s dividend payout ratio (DPR) is currently 70.89%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wall Street Zen downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Saturday, September 13th. Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Susquehanna raised their price target on shares of Corning from $75.00 to $100.00 and gave the company a “positive” rating in a research report on Wednesday, October 29th. Morgan Stanley set a $82.00 price objective on shares of Corning in a report on Wednesday, October 29th. Finally, Barclays increased their target price on Corning from $65.00 to $83.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.64.

Corning 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.