Forum Financial Management LP Has $921,000 Stake in Corning Incorporated $GLW

Forum Financial Management LP grew its holdings in Corning Incorporated (NYSE:GLW) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,513 shares of the electronics maker’s stock after purchasing an additional 257 shares during the period. Forum Financial Management LP’s holdings in Corning were worth $921,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GLW. REAP Financial Group LLC increased its holdings in Corning by 191.5% in the second quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock worth $27,000 after buying an additional 339 shares during the last quarter. Investment Management Corp VA ADV increased its holdings in Corning by 165.9% in the first quarter. Investment Management Corp VA ADV now owns 742 shares of the electronics maker’s stock worth $34,000 after buying an additional 463 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Corning by 90.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 745 shares of the electronics maker’s stock worth $34,000 after buying an additional 353 shares during the last quarter. Banque Transatlantique SA acquired a new position in Corning in the first quarter worth approximately $34,000. Finally, Resources Management Corp CT ADV increased its holdings in Corning by 66.7% in the first quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock worth $34,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Insider Buying and Selling

In other news, EVP Lewis A. Steverson sold 16,646 shares of the stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $62.22, for a total value of $1,035,714.12. Following the completion of the sale, the executive vice president directly owned 39,759 shares of the company’s stock, valued at approximately $2,473,804.98. This represents a 29.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael Paul O’day sold 14,879 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $62.36, for a total value of $927,854.44. Following the completion of the sale, the senior vice president directly owned 35,743 shares of the company’s stock, valued at $2,228,933.48. This represents a 29.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 181,671 shares of company stock valued at $11,816,899 in the last ninety days. Company insiders own 0.40% of the company’s stock.

Corning Stock Up 2.0%

Shares of GLW stock opened at $85.84 on Friday. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $87.78. The company has a quick ratio of 0.93, a current ratio of 1.50 and a debt-to-equity ratio of 0.58. The firm has a market cap of $73.54 billion, a PE ratio of 91.32, a price-to-earnings-growth ratio of 1.88 and a beta of 1.14. The stock has a 50 day moving average of $76.91 and a 200-day moving average of $59.74.

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

Corning Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 14th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 14th. Corning’s dividend payout ratio is currently 119.15%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Oppenheimer restated an “outperform” rating and issued a $72.00 price objective (up previously from $55.00) on shares of Corning in a report on Wednesday, July 30th. Barclays increased their price objective on Corning from $52.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. Mizuho increased their price target on Corning from $74.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, October 3rd. Argus restated a “buy” rating and issued a $68.00 price objective on shares of Corning in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Corning from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and an average target price of $73.00.

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.