Corning Incorporated $GLW Position Trimmed by Foresight Capital Management Advisors Inc.

Foresight Capital Management Advisors Inc. decreased its stake in Corning Incorporated (NYSE:GLW) by 16.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,892 shares of the electronics maker’s stock after selling 12,903 shares during the quarter. Corning makes up 3.0% of Foresight Capital Management Advisors Inc.’s portfolio, making the stock its 8th biggest holding. Foresight Capital Management Advisors Inc.’s holdings in Corning were worth $5,405,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GLW. REAP Financial Group LLC increased its holdings in Corning by 191.5% in the 2nd quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 339 shares in the last quarter. Total Investment Management Inc. bought a new position in shares of Corning in the second quarter worth approximately $28,000. Financial Management Professionals Inc. increased its stake in shares of Corning by 111.1% in the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 200 shares in the last quarter. Banque Transatlantique SA bought a new stake in shares of Corning during the 1st quarter valued at $34,000. Finally, Resources Management Corp CT ADV lifted its stake in shares of Corning by 66.7% during the 1st quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock valued at $34,000 after buying an additional 300 shares in the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

Corning Trading Up 0.2%

GLW opened at $89.50 on Friday. The stock’s 50 day moving average price is $86.20 and its 200-day moving average price is $72.57. Corning Incorporated has a one year low of $37.31 and a one year high of $96.64. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.56. The stock has a market cap of $76.73 billion, a price-to-earnings ratio of 56.64, a P/E/G ratio of 1.96 and a beta of 1.11.

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

Corning Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 14th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, November 14th. Corning’s dividend payout ratio is currently 70.89%.

Insider Activity at Corning

In other news, SVP Stefan Becker sold 12,100 shares of Corning stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $91.28, for a total transaction of $1,104,488.00. Following the completion of the sale, the senior vice president owned 5,049 shares of the company’s stock, valued at approximately $460,872.72. The trade was a 70.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Edward A. Schlesinger sold 20,893 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $91.25, for a total value of $1,906,486.25. Following the completion of the transaction, the chief financial officer directly owned 66,959 shares in the company, valued at approximately $6,110,008.75. This trade represents a 23.78% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 156,135 shares of company stock valued at $14,088,769. 0.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

GLW has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on Corning from $82.00 to $98.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Oppenheimer set a $100.00 price objective on shares of Corning and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Barclays boosted their target price on shares of Corning from $65.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Wall Street Zen cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Corning in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Corning currently has an average rating of “Moderate Buy” and an average price target of $93.09.

About Corning

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.