Clear Trail Advisors LLC Acquires Shares of 5,311 Corning Incorporated $GLW

Clear Trail Advisors LLC bought a new position in Corning Incorporated (NYSE:GLW) during the 1st quarter, Holdings Channel reports. The institutional investor bought 5,311 shares of the electronics maker’s stock, valued at approximately $722,000.

A number of other institutional investors have also recently modified their holdings of the stock. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Corning in the 3rd quarter worth about $25,000. Berbice Capital Management LLC purchased a new stake in Corning during the 4th quarter valued at about $26,000. Basepoint Wealth LLC purchased a new stake in Corning during the 4th quarter valued at about $26,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Corning during the fourth quarter valued at approximately $27,000. Finally, Litman Gregory Wealth Management LLC bought a new position in Corning in the 4th quarter valued at approximately $31,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Corning

In other news, SVP Michaune D. Tillman sold 3,260 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $207.02, for a total transaction of $674,885.20. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John Z. Zhang sold 10,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was 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 position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 160,655 shares of company stock worth $30,692,560. 0.25% of the stock is owned by corporate insiders.

Corning Price Performance

NYSE GLW opened at $209.61 on Tuesday. The stock has a market capitalization of $180.40 billion, a price-to-earnings ratio of 100.29, a PEG ratio of 2.79 and a beta of 1.15. Corning Incorporated has a 1-year low of $50.26 and a 1-year high of $212.39. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. The business’s fifty day moving average price is $181.42 and its 200-day moving average price is $138.52.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $4.34 billion during the quarter, compared to analyst estimates of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.Corning’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, equities analysts predict that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, May 29th. Corning’s payout ratio is currently 53.59%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GLW. Bank of America upped their price target on Corning from $155.00 to $186.00 and gave the company a “buy” rating in a report on Monday, April 20th. UBS Group lifted their price objective on Corning from $223.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Truist Financial boosted their target price on Corning from $149.00 to $205.00 and gave the stock a “hold” rating in a research report on Monday. Morgan Stanley set a $180.00 target price on shares of Corning in a research note on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corning in a report on Friday, May 15th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $182.62.

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.