Williamson Legacy Group LLC Takes $1.07 Million Position in Corning Incorporated $GLW

Williamson Legacy Group LLC bought a new stake in Corning Incorporated (NYSE:GLW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,176 shares of the electronics maker’s stock, valued at approximately $1,066,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Corning during the third quarter worth $25,000. Berbice Capital Management LLC purchased a new position in shares of Corning during the fourth quarter worth $26,000. Strengthening Families & Communities LLC purchased a new position in shares of Corning during the third quarter worth $27,000. Cornerstone Planning Group LLC boosted 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 worth $30,000 after buying an additional 124 shares during the period. Finally, JPL Wealth Management LLC purchased a new position in shares of Corning during the third quarter worth $33,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Wall Street Analyst Weigh In

GLW has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on Corning from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Bank of America raised their price target on Corning from $155.00 to $186.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Zacks Research upgraded Corning from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. HSBC restated a “buy” rating and set a $135.00 price target on shares of Corning in a research report on Friday, February 13th. Finally, UBS Group raised their price target on Corning from $179.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.92.

Corning Trading Up 1.3%

NYSE:GLW opened at $196.64 on Wednesday. The firm has a market cap of $169.24 billion, a PE ratio of 94.09, a price-to-earnings-growth ratio of 2.78 and a beta of 1.14. The stock has a fifty day moving average price of $164.19 and a 200 day moving average price of $124.80. Corning Incorporated has a 12-month low of $48.62 and a 12-month high of $211.79. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last released its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $4.35 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 period last year, the business posted $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Sell-side analysts anticipate that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Dividend Announcement

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 issued 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 (DPR) is 53.59%.

Insider Transactions at Corning

In related news, VP John Z. Zhang sold 10,000 shares of Corning stock in a transaction on Monday, May 11th. The stock was sold at an average price of $198.34, for a total value of $1,983,400.00. Following the completion of the transaction, the vice president directly owned 5,138 shares in the company, valued at approximately $1,019,070.92. This trade represents a 66.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Michaune D. Tillman sold 3,260 shares of the firm’s 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 completion of the sale, the senior vice president owned 10,174 shares in the company, valued at approximately $2,106,221.48. This represents a 24.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 198,169 shares of company stock valued at $33,412,111 in the last 90 days. Insiders own 0.25% of the company’s stock.

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.