Francis Financial Inc. Lowers Stock Position in Corning Incorporated $GLW

Francis Financial Inc. lowered its stake in shares of Corning Incorporated (NYSE:GLW) by 7.4% in the second quarter, Holdings Channel reports. The institutional investor owned 21,037 shares of the electronics maker’s stock after selling 1,682 shares during the period. Francis Financial Inc.’s holdings in Corning were worth $1,106,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of 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 boosted its stake in Corning by 23.6% in the second quarter. Central Pacific Bank Trust Division now owns 72,982 shares of the electronics maker’s stock valued at $3,838,000 after acquiring an additional 13,920 shares in the last quarter. Motley Fool Asset Management LLC grew its holdings in Corning by 10.5% in the second quarter. Motley Fool Asset Management LLC now owns 44,037 shares of the electronics maker’s stock worth $2,316,000 after purchasing an additional 4,183 shares during the last quarter. Strs Ohio acquired a new position in shares of Corning during the first quarter worth $27,219,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of 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 during the last quarter. Institutional investors own 69.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Mizuho set a $97.00 price objective on shares of Corning in a report on Wednesday, October 29th. Barclays lifted their price objective on Corning from $65.00 to $83.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Oppenheimer set a $100.00 target price on Corning and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Citigroup lifted their price target on Corning from $93.00 to $99.00 and gave the company a “buy” rating in a research note 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 report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $90.82.

Insider Transactions at Corning

In other news, CFO Edward A. Schlesinger sold 20,893 shares of Corning stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $91.25, for a total transaction of $1,906,486.25. Following the sale, the chief financial officer owned 66,959 shares of the company’s stock, valued at approximately $6,110,008.75. The trade was a 23.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lewis A. Steverson sold 23,142 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $89.05, for a total value of $2,060,795.10. Following the completion of the transaction, the executive vice president owned 17,575 shares in the company, valued at $1,565,053.75. This represents a 56.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 173,856 shares of company stock valued at $15,456,476 in the last three months. 0.32% of the stock is currently owned by corporate insiders.

Corning Stock Up 1.3%

NYSE GLW opened at $89.05 on Thursday. Corning Incorporated has a one year low of $37.31 and a one year high of $92.57. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.93 and a current ratio of 1.56. The business has a fifty day moving average price of $82.90 and a 200 day moving average price of $64.51. The company has a market cap of $76.35 billion, a P/E ratio of 56.36, a P/E/G ratio of 1.99 and a beta of 1.15.

Corning (NYSE:GLW) last released its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.24 billion. Corning had a net margin of 9.16% and a return on equity of 18.12%. Corning’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Research analysts anticipate that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

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