Venture Visionary Partners LLC Buys 6,256 Shares of Corning Incorporated $GLW

Venture Visionary Partners LLC increased its stake in Corning Incorporated (NYSE:GLW) by 8.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 78,641 shares of the electronics maker’s stock after purchasing an additional 6,256 shares during the period. Venture Visionary Partners LLC’s holdings in Corning were worth $7,131,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new stake in shares of Corning in the 4th quarter valued at about $26,000. Basepoint Wealth LLC acquired a new position in shares of Corning during the fourth quarter worth about $26,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Corning during the third quarter worth about $25,000. Litman Gregory Wealth Management LLC bought a new position in shares of Corning during the fourth quarter worth about $31,000. Finally, Evolution Wealth Management Inc. raised its position in Corning by 58.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 381 shares of the electronics maker’s stock valued at $33,000 after buying an additional 141 shares during the last quarter. Institutional investors own 69.80% of the company’s stock.

Insider Transactions at Corning

In other Corning news, SVP Michaune D. Tillman sold 3,260 shares of the company’s stock in a transaction on Monday, May 11th. The stock was 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 $2,106,221.48. This represents a 24.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP John Z. Zhang sold 10,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the completion of the transaction, the vice president owned 5,138 shares in the company, valued at $1,019,070.92. This trade represents a 66.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 160,655 shares of company stock worth $30,692,561. 0.25% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GLW has been the subject of a number of recent research reports. Oppenheimer upped their price target on Corning from $120.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Barclays lifted their price objective on shares of Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Mizuho boosted their price objective on shares of Corning from $190.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. increased their target price on shares of Corning from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Citigroup raised their target price on shares of Corning from $175.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $178.31.

Corning Stock Up 0.4%

GLW stock opened at $179.85 on Monday. Corning Incorporated has a 1-year low of $49.47 and a 1-year high of $211.79. The business’s 50 day simple moving average is $177.15 and its 200 day simple moving average is $134.03. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $154.79 billion, a PE ratio of 86.05, a PEG ratio of 2.56 and a beta of 1.15.

Corning (NYSE:GLW) last announced 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 during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the firm posted $0.54 EPS. The company’s quarterly revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, research analysts anticipate that Corning Incorporated will post 3.19 EPS for the current year.

Corning Dividend Announcement

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

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.