Corning Incorporated $GLW Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. cut its holdings in shares of Corning Incorporated (NYSE:GLW) by 6.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 383,531 shares of the electronics maker’s stock after selling 25,638 shares during the quarter. Corning accounts for about 4.5% of John G Ullman & Associates Inc.’s portfolio, making the stock its 3rd biggest holding. John G Ullman & Associates Inc.’s holdings in Corning were worth $33,582,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Merit Financial Group LLC lifted its holdings in shares of Corning by 16.9% during the fourth quarter. Merit Financial Group LLC now owns 45,001 shares of the electronics maker’s stock worth $3,940,000 after buying an additional 6,493 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ lifted its holdings in shares of Corning by 4.9% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 261,749 shares of the electronics maker’s stock worth $21,471,000 after buying an additional 12,297 shares during the last quarter. Hartline Investment Corp lifted its holdings in shares of Corning by 113.2% during the third quarter. Hartline Investment Corp now owns 295,362 shares of the electronics maker’s stock worth $24,229,000 after buying an additional 156,843 shares during the last quarter. Three Seasons Wealth LLC acquired a new position in shares of Corning during the fourth quarter worth approximately $1,750,000. Finally, Natixis Advisors LLC lifted its holdings in shares of Corning by 32.1% during the third quarter. Natixis Advisors LLC now owns 479,921 shares of the electronics maker’s stock worth $39,367,000 after buying an additional 116,583 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Trading Down 7.7%

Shares of GLW opened at $192.18 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 12-month low of $47.40 and a 12-month high of $211.79. The firm has a market capitalization of $165.40 billion, a PE ratio of 91.95, a price-to-earnings-growth ratio of 2.74 and a beta of 1.14. The stock’s fifty day simple moving average is $156.22 and its 200-day simple moving average is $119.68.

Corning (NYSE:GLW) last issued its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, research analysts predict that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 annualized dividend and a yield of 0.6%. Corning’s dividend payout ratio is presently 53.59%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Morgan Stanley set a $180.00 price target on Corning in a report on Friday, May 8th. JPMorgan Chase & Co. upped their price target on Corning from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Wolfe Research set a $130.00 price objective on Corning and gave the company an “outperform” rating in a research report on Tuesday, January 27th. Finally, Susquehanna boosted their price objective on Corning from $125.00 to $180.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $177.92.

Insider Buying and Selling

In other Corning news, SVP Michaune D. Tillman sold 3,260 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $207.02, for a total transaction of $674,885.20. Following the completion of the transaction, the senior vice president owned 10,174 shares of the company’s stock, valued at $2,106,221.48. This represents a 24.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Wendell P. Weeks sold 137,514 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total value of $21,365,550.18. Following the transaction, the chief executive officer directly owned 750,585 shares of the company’s stock, valued at approximately $116,618,391.45. This trade represents a 15.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 170,774 shares of company stock worth $28,148,435. Corporate insiders own 0.25% of the company’s stock.

Corning 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.