Orange Investment Advisors Inc. Sells 5,100 Shares of Corning Incorporated $GLW

Orange Investment Advisors Inc. lessened its position in Corning Incorporated (NYSE:GLW) by 52.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,545 shares of the electronics maker’s stock after selling 5,100 shares during the quarter. Orange Investment Advisors Inc.’s holdings in Corning were worth $398,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Corning in the third quarter worth about $25,000. Berbice Capital Management LLC bought a new stake in Corning during the 4th quarter valued at approximately $26,000. Strengthening Families & Communities LLC acquired a new stake in Corning in the 3rd quarter valued at approximately $27,000. Cornerstone Planning Group LLC increased its position in Corning by 58.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after buying an additional 124 shares during the period. Finally, JPL Wealth Management LLC bought a new position in Corning in the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Stock Performance

GLW opened at $193.83 on Friday. The stock’s 50 day simple moving average is $161.56 and its 200-day simple moving average is $123.01. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The stock has a market cap of $166.82 billion, a PE ratio of 92.74, a P/E/G ratio of 2.75 and a beta of 1.14. Corning Incorporated has a 1 year low of $47.67 and a 1 year high of $211.79.

Corning (NYSE:GLW) last issued its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the business earned $0.54 earnings per share. Corning’s quarterly revenue was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Sell-side analysts forecast that Corning Incorporated will post 3.19 EPS for the current year.

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th. Corning’s dividend payout ratio (DPR) is presently 53.59%.

Analysts Set New Price Targets

GLW has been the subject of several research reports. Truist Financial increased their price objective on Corning from $125.00 to $149.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. upped their target price on shares of Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Oppenheimer increased their price target on shares of Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Citigroup raised their price target on shares of Corning from $175.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, UBS Group boosted their price objective on shares of Corning from $179.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corning currently has an average rating of “Moderate Buy” and an average price target of $177.92.

Insider Buying and Selling at Corning

In other Corning news, SVP Michaune D. Tillman sold 3,260 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $207.02, for a total transaction of $674,885.20. Following the completion of the transaction, the senior vice president owned 10,174 shares in the company, valued at $2,106,221.48. This trade represents a 24.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Soumya Seetharam sold 20,000 shares of Corning stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $206.23, for a total value of $4,124,600.00. Following the sale, the senior vice president directly owned 25,570 shares in the company, valued at $5,273,301.10. The trade was a 43.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 170,774 shares of company stock valued at $28,148,435 in the last 90 days. Insiders own 0.25% of the company’s stock.

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.