Yeomans Consulting Group Inc. Buys Shares of 5,661 Corning Incorporated $GLW

Yeomans Consulting Group Inc. purchased a new position in Corning Incorporated (NYSE:GLW) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,661 shares of the electronics maker’s stock, valued at approximately $471,000.

A number of other hedge funds also recently modified their holdings of the business. Vista Investment Partners LLC grew its position in shares of Corning by 1.3% in the 3rd quarter. Vista Investment Partners LLC now owns 9,496 shares of the electronics maker’s stock valued at $779,000 after purchasing an additional 119 shares during the period. Fiduciary Alliance LLC lifted its stake in Corning by 0.7% in the third quarter. Fiduciary Alliance LLC now owns 18,474 shares of the electronics maker’s stock valued at $1,515,000 after buying an additional 137 shares in the last quarter. Red Door Wealth Management LLC lifted its stake in Corning by 0.8% in the third quarter. Red Door Wealth Management LLC now owns 18,538 shares of the electronics maker’s stock valued at $1,521,000 after buying an additional 150 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Corning by 3.1% in the second quarter. Parkside Financial Bank & Trust now owns 5,296 shares of the electronics maker’s stock valued at $278,000 after buying an additional 158 shares during the period. Finally, Security National Bank of SO Dak increased its position in shares of Corning by 3.1% during the third quarter. Security National Bank of SO Dak now owns 5,683 shares of the electronics maker’s stock worth $466,000 after acquiring an additional 169 shares in the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Stock Up 0.2%

GLW stock opened at $89.50 on Friday. The company 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 Incorporated has a twelve month low of $37.31 and a twelve month high of $96.64. The business has a 50 day moving average price of $86.20 and a two-hundred day moving average price of $72.57. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last released its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01. Corning had a return on equity of 18.12% and a net margin of 9.16%.The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Analysts anticipate that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders 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 of this dividend was Friday, November 14th. Corning’s dividend payout ratio (DPR) is 70.89%.

Insider Activity

In related news, SVP Stefan Becker sold 12,100 shares of Corning stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total transaction of $1,104,488.00. Following the completion of the transaction, the senior vice president owned 5,049 shares in the company, valued at approximately $460,872.72. This trade represents a 70.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Edward A. Schlesinger sold 20,893 shares of the business’s 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 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 90 days, insiders sold 156,135 shares of company stock worth $14,088,769. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Susquehanna boosted their price objective on shares of Corning from $75.00 to $100.00 and gave the company a “positive” rating in a research report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Corning in a research note on Monday. Morgan Stanley upped their price objective on Corning from $82.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. Mizuho set a $97.00 price objective on Corning in a report on Wednesday, October 29th. Finally, UBS Group restated a “buy” rating and issued a $109.00 target price (up previously from $100.00) on shares of Corning in a research note on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Corning presently has a consensus rating of “Moderate Buy” and an average price target of $93.09.

Corning 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.