Consolidated Planning Corp Acquires 3,828 Shares of Corning Incorporated $GLW

Consolidated Planning Corp raised its holdings in Corning Incorporated (NYSE:GLW) by 14.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 30,287 shares of the electronics maker’s stock after purchasing an additional 3,828 shares during the quarter. Consolidated Planning Corp’s holdings in Corning were worth $1,593,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in GLW. Amundi increased its stake in shares of Corning by 64.3% during the first quarter. Amundi now owns 6,408,605 shares of the electronics maker’s stock worth $271,237,000 after purchasing an additional 2,507,797 shares during the period. Nuveen LLC bought a new position in shares of Corning during the first quarter worth approximately $104,789,000. Kingstone Capital Partners Texas LLC bought a new position in shares of Corning during the second quarter worth approximately $92,560,000. Assenagon Asset Management S.A. increased its stake in shares of Corning by 101.0% during the first quarter. Assenagon Asset Management S.A. now owns 2,951,938 shares of the electronics maker’s stock worth $135,140,000 after purchasing an additional 1,483,151 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Corning by 185.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,801,411 shares of the electronics maker’s stock worth $94,736,000 after purchasing an additional 1,170,992 shares during the period. Institutional investors own 69.80% of the company’s stock.

Corning Trading Up 1.3%

Shares of GLW stock opened at $83.10 on Thursday. The stock’s fifty day moving average price is $69.64 and its two-hundred day moving average price is $55.42. The company has a market cap of $71.18 billion, a PE ratio of 88.40, a P/E/G ratio of 1.83 and a beta of 1.14. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $83.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.50.

Corning (NYSE:GLW) last issued its earnings results on Tuesday, July 29th. The electronics maker reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.84 billion. Corning had a return on equity of 17.27% and a net margin of 5.77%.During the same quarter last year, the business posted $0.47 EPS. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Equities analysts predict that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Insider Transactions at Corning

In related news, SVP Jaymin Amin sold 17,721 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $77.18, for a total transaction of $1,367,706.78. Following the sale, the senior vice president owned 88,722 shares of the company’s stock, valued at $6,847,563.96. This trade represents a 16.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Avery H. Nelson III sold 36,240 shares of the firm’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $62.26, for a total value of $2,256,302.40. Following the sale, the chief operating officer directly owned 64,838 shares in the company, valued at approximately $4,036,813.88. This trade represents a 35.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 181,671 shares of company stock worth $11,816,899. 0.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GLW has been the topic of a number of recent research reports. Barclays increased their target price on Corning from $52.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Argus reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Corning in a report on Wednesday, July 30th. Morgan Stanley set a $56.00 target price on Corning and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. UBS Group increased their target price on Corning from $84.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. increased their target price on Corning from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.08.

About Corning

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.