Corning Incorporated $GLW Stock Position Raised by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC raised its position in shares of Corning Incorporated (NYSE:GLW) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,261 shares of the electronics maker’s stock after purchasing an additional 233 shares during the period. Mayflower Financial Advisors LLC’s holdings in Corning were worth $855,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Davis Investment Partners LLC bought a new position in shares of Corning during the 2nd quarter worth approximately $251,000. Central Pacific Bank Trust Division increased its holdings in Corning by 23.6% during the 2nd quarter. Central Pacific Bank Trust Division now owns 72,982 shares of the electronics maker’s stock valued at $3,838,000 after purchasing an additional 13,920 shares in the last quarter. Strs Ohio acquired a new stake in Corning during the 1st quarter valued at $27,219,000. Motley Fool Asset Management LLC increased its holdings in Corning by 10.5% during the 2nd quarter. Motley Fool Asset Management LLC now owns 44,037 shares of the electronics maker’s stock valued at $2,316,000 after purchasing an additional 4,183 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Corning by 4,346.5% during the 1st quarter. Acadian Asset Management LLC now owns 153,984 shares of the electronics maker’s stock valued at $7,048,000 after purchasing an additional 150,521 shares in the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Wendell P. Weeks sold 82,103 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $65.19, for a total value of $5,352,294.57. Following the transaction, the chief executive officer owned 809,295 shares of the company’s stock, valued at approximately $52,757,941.05. This represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jaymin Amin sold 17,721 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $77.18, for a total value of $1,367,706.78. Following the completion of the transaction, the senior vice president directly owned 88,722 shares in the company, valued at $6,847,563.96. The trade was a 16.65% decrease in their position. The SEC filing for this sale provides additional information. 0.40% of the stock is owned by insiders.

Corning Price Performance

Shares of NYSE GLW opened at $90.31 on Thursday. The business’s 50 day moving average price is $78.79 and its two-hundred day moving average price is $61.32. The company has a market cap of $77.36 billion, a PE ratio of 57.16, a price-to-earnings-growth ratio of 1.93 and a beta of 1.14. The company has a quick ratio of 0.93, a current ratio of 1.56 and a debt-to-equity ratio of 0.62. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $91.93.

Corning (NYSE:GLW) last announced its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.24 billion. Corning had a return on equity of 18.12% and a net margin of 9.16%.The business’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. On average, analysts predict that Corning Incorporated will post 2.33 EPS for the current year.

Corning Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 14th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 14th. Corning’s payout ratio is 119.15%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GLW shares. Citigroup raised their price target on Corning from $93.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday. Wall Street Zen cut Corning from a “strong-buy” rating to a “hold” rating in a research note on Saturday, September 13th. Barclays lifted their target price on Corning from $65.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Corning in a report on Wednesday, October 8th. Finally, Oppenheimer set a $100.00 price target on Corning and gave the company an “outperform” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.82.

Corning Profile

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.