Creative Planning Grows Stock Holdings in Corning Incorporated $GLW

Creative Planning increased its position in Corning Incorporated (NYSE:GLW) by 14.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,045 shares of the electronics maker’s stock after buying an additional 29,132 shares during the quarter. Creative Planning’s holdings in Corning were worth $12,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in GLW. Brighton Jones LLC increased its stake in Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after purchasing an additional 2,114 shares during the period. Retirement Planning Co of New England Inc. bought a new stake in shares of Corning during the 1st quarter valued at about $729,000. J.W. Cole Advisors Inc. bought a new stake in shares of Corning during the 1st quarter valued at about $1,546,000. Teachers Retirement System of The State of Kentucky increased its position in shares of Corning by 4.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 59,460 shares of the electronics maker’s stock valued at $2,722,000 after buying an additional 2,466 shares during the period. Finally, Lindbrook Capital LLC raised its stake in Corning by 15.8% in the first quarter. Lindbrook Capital LLC now owns 9,002 shares of the electronics maker’s stock worth $412,000 after buying an additional 1,229 shares in the last quarter. 69.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GLW. Morgan Stanley set a $82.00 price objective on Corning in a research report on Wednesday, October 29th. Susquehanna raised their target price on Corning from $75.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. lifted their price target on Corning from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Mizuho set a $97.00 price objective on Corning in a report on Wednesday, October 29th. Finally, UBS Group raised their price objective on Corning from $91.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.82.

Insider Transactions at Corning

In related news, CFO Edward A. Schlesinger sold 20,893 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $91.25, for a total value of $1,906,486.25. Following the transaction, the chief financial officer owned 66,959 shares in the company, valued at $6,110,008.75. The trade was a 23.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Stefan Becker sold 12,100 shares of Corning stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total transaction of $1,104,488.00. Following the completion of the transaction, the senior vice president directly owned 5,049 shares of the company’s stock, valued at $460,872.72. This trade represents a 70.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 173,856 shares of company stock worth $15,456,476 over the last quarter. Corporate insiders own 0.32% of the company’s stock.

Corning Price Performance

Shares of NYSE GLW opened at $80.13 on Wednesday. The company has a 50 day simple moving average of $83.70 and a two-hundred day simple moving average of $65.68. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $92.57. The company has a market capitalization of $68.70 billion, a price-to-earnings ratio of 50.72, a P/E/G ratio of 1.99 and a beta of 1.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.93 and a current ratio of 1.56.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.01. Corning had a return on equity of 18.12% and a net margin of 9.16%.The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the prior year, the business posted $0.54 EPS. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Analysts expect that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, November 14th. This represents a $1.12 annualized dividend and a dividend yield of 1.4%. Corning’s dividend payout ratio (DPR) is presently 70.89%.

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.