11,422 Shares in Corning Incorporated $GLW Acquired by Florida Financial Advisors LLC

Posted by George Bondi on Jun 1st, 2026

Florida Financial Advisors LLC purchased a new position in shares of Corning Incorporated (NYSE:GLW – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,422 shares of the electronics maker’s stock, valued at approximately $999,000.

Other hedge funds have also recently bought and sold shares of the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Corning in the 3rd quarter valued at $25,000. Berbice Capital Management LLC bought a new position in Corning in the 4th quarter valued at $26,000. Basepoint Wealth LLC bought a new position in Corning in the 4th quarter valued at $26,000. Strengthening Families & Communities LLC bought a new position in Corning in the 3rd quarter valued at $27,000. Finally, Cornerstone Planning Group LLC boosted its position in Corning by 58.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after buying an additional 124 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GLW has been the topic of a number of recent research reports. Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Bank of America increased their price objective on Corning from $155.00 to $186.00 and gave the company a “buy” rating in a research report on Monday, April 20th. UBS Group increased their price objective on Corning from $179.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. increased their price objective on Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Corning in a research report on Friday, May 15th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corning currently has a consensus rating of “Moderate Buy” and an average price target of $177.92.

Get Our Latest Analysis on GLW

Insider Buying and Selling

In related news, VP John Z. Zhang sold 10,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the sale, the vice president owned 5,138 shares of the company’s stock, valued at approximately $1,019,070.92. This trade represents a 66.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Michaune D. Tillman sold 3,260 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $207.02, for a total value of $674,885.20. Following the sale, the senior vice president directly owned 10,174 shares in the company, valued at $2,106,221.48. The trade was a 24.27% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 60,655 shares of company stock worth $12,046,561. Company insiders own 0.25% of the company’s stock.

Corning Stock Performance

GLW stock opened at $181.37 on Monday. The business’s fifty day moving average is $167.47 and its 200-day moving average is $126.87. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. The company has a market cap of $156.09 billion, a P/E ratio of 86.78, a price-to-earnings-growth ratio of 2.59 and a beta of 1.15. Corning Incorporated has a twelve month low of $48.88 and a twelve month high of $211.79.

Corning (NYSE:GLW – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Equities research analysts forecast that Corning Incorporated will post 3.19 EPS for the current year.

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.6%. Corning’s dividend payout ratio is 53.59%.

About Corning

(Free Report)

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.