Alesco Advisors LLC An ESL Co Invests $632,000 in Corning Incorporated $GLW

Alesco Advisors LLC An ESL Co purchased a new stake in Corning Incorporated (NYSE:GLW) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,648 shares of the electronics maker’s stock, valued at approximately $632,000.

Other hedge funds have also added to or reduced their stakes in the company. Beirne Wealth Consulting Services LLC boosted its position in shares of Corning by 0.8% during the first quarter. Beirne Wealth Consulting Services LLC now owns 8,045 shares of the electronics maker’s stock valued at $1,094,000 after purchasing an additional 64 shares in the last quarter. Balefire LLC increased its stake in shares of Corning by 0.7% in the 1st quarter. Balefire LLC now owns 9,595 shares of the electronics maker’s stock worth $1,305,000 after acquiring an additional 65 shares in the last quarter. Millstone Evans Group LLC grew its holdings in Corning by 1.3% in the first quarter. Millstone Evans Group LLC now owns 5,393 shares of the electronics maker’s stock worth $733,000 after purchasing an additional 67 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Corning by 1.6% during the first quarter. Geneos Wealth Management Inc. now owns 4,585 shares of the electronics maker’s stock valued at $623,000 after purchasing an additional 70 shares in the last quarter. Finally, Caldwell Trust Co grew its stake in shares of Corning by 0.5% in the 1st quarter. Caldwell Trust Co now owns 15,893 shares of the electronics maker’s stock worth $2,161,000 after buying an additional 74 shares during the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

Corning Stock Performance

GLW stock opened at $162.44 on Wednesday. Corning Incorporated has a 1 year low of $53.29 and a 1 year high of $271.78. The company has a market cap of $139.80 billion, a P/E ratio of 77.72, a price-to-earnings-growth ratio of 2.01 and a beta of 1.09. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. The stock’s fifty day moving average price is $191.02 and its 200-day moving average price is $154.27.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. The business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, equities analysts forecast that Corning Incorporated will post 3.18 earnings per share for the current year.

Corning Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be given a dividend of $0.28 per share. The ex-dividend date is Monday, August 31st. This represents a $1.12 annualized dividend and a yield of 0.7%. Corning’s payout ratio is 53.59%.

Insider Activity at Corning

In other Corning news, SVP Jaymin Amin sold 27,395 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the completion of the sale, the senior vice president owned 94,400 shares of the company’s stock, valued at approximately $18,138,016. The trade was a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Michaune D. Tillman sold 3,260 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $207.02, for a total transaction of $674,885.20. Following the completion of the sale, the senior vice president directly owned 10,174 shares of the company’s stock, valued at $2,106,221.48. This represents a 24.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 160,655 shares of company stock valued at $30,692,560 in the last ninety days. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GLW shares. UBS Group set a $243.00 price objective on Corning in a research note on Monday, July 6th. Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. upped their target price on shares of Corning from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Susquehanna increased their price target on shares of Corning from $125.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Finally, Morgan Stanley set a $180.00 price target on shares of Corning in a research report on Friday, May 8th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Corning has a consensus rating of “Moderate Buy” and a consensus target price of $194.69.

Corning Company Profile

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.