Pathfinder Wealth Consulting Inc. Takes Position in Corning Incorporated $GLW

Pathfinder Wealth Consulting Inc. acquired a new position in Corning Incorporated (NYSE:GLW) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 6,076 shares of the electronics maker’s stock, valued at approximately $532,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Corning in the 3rd quarter valued at $25,000. Berbice Capital Management LLC bought a new position in shares of Corning during the 4th quarter worth about $26,000. Strengthening Families & Communities LLC bought a new position in shares of Corning during the 3rd quarter worth about $27,000. Cornerstone Planning Group LLC raised its position in shares of Corning by 58.5% during the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after buying an additional 124 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new position in shares of Corning during the third quarter valued at about $33,000. Institutional investors own 69.80% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Fox Advisors downgraded Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. HSBC reaffirmed a “buy” rating and issued a $135.00 price target on shares of Corning in a report on Friday, February 13th. Citigroup raised their price objective on Corning from $175.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Zacks Research upgraded Corning from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. upped their target price on Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $177.92.

Corning Stock Performance

NYSE GLW opened at $193.83 on Friday. Corning Incorporated has a twelve month low of $47.67 and a twelve month high of $211.79. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. The stock has a market cap of $166.82 billion, a P/E ratio of 92.74, a PEG ratio of 2.78 and a beta of 1.14. The company’s 50-day simple moving average is $161.56 and its 200 day simple moving average is $123.01.

Corning (NYSE:GLW) last announced its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. The company’s revenue for the quarter was up 18.1% 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 Q2 2026 guidance at 0.730-0.770 EPS. As a group, research analysts forecast that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Announces Dividend

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

Corning Company 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.