Long Run Wealth Advisors LLC Has $1.67 Million Position in Corning Incorporated $GLW

Long Run Wealth Advisors LLC cut its stake in shares of Corning Incorporated (NYSE:GLW) by 30.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,402 shares of the electronics maker’s stock after selling 8,747 shares during the quarter. Long Run Wealth Advisors LLC’s holdings in Corning were worth $1,674,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. REAP Financial Group LLC boosted its position in Corning by 191.5% in the second quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock valued at $27,000 after buying an additional 339 shares in the last quarter. Total Investment Management Inc. bought a new position in shares of Corning in the second quarter valued at approximately $28,000. Banque Transatlantique SA acquired a new position in shares of Corning in the 1st quarter worth approximately $34,000. Resources Management Corp CT ADV grew its position in Corning by 66.7% during the 1st quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock worth $34,000 after acquiring an additional 300 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Corning during the 2nd quarter valued at $36,000. Institutional investors own 69.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Mizuho set a $97.00 price objective on Corning in a research note on Wednesday, October 29th. JPMorgan Chase & Co. boosted their target price on shares of Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Oppenheimer set a $100.00 price target on shares of Corning and gave the company an “outperform” rating in a report on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a research report on Monday. Finally, Zacks Research lowered Corning from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Corning currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.09.

Corning Stock Performance

Shares of Corning stock opened at $86.92 on Friday. The firm has a fifty day moving average of $85.85 and a two-hundred day moving average of $71.24. 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 capitalization of $74.52 billion, a price-to-earnings ratio of 55.01, a PEG ratio of 1.87 and a beta of 1.11. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $96.64.

Corning (NYSE:GLW) last announced its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. Corning had a return on equity of 18.12% and a net margin of 9.16%.The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same period in the previous year, the firm earned $0.54 earnings per share. 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. As a group, equities research analysts predict that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

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

Insider Activity

In other news, SVP Stefan Becker sold 12,100 shares of Corning stock in a transaction 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 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. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Edward A. Schlesinger sold 20,893 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 66,959 shares of the company’s stock, valued at $6,110,008.75. This trade represents a 23.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 156,135 shares of company stock worth $14,088,769 over the last quarter. 0.40% of the stock is owned by insiders.

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.