Fund Advisors of America Inc FL Makes New $2.02 Million Investment in Corning Incorporated $GLW

Key Points

• Fund Advisors of America Inc. FL acquired 7,913 Corning shares worth approximately $2.02 million, making GLW its 12th-largest holding and representing 1.8% of its portfolio. Institutional investors collectively own 69.8% of Corning.
• Corning reported strong quarterly results, with revenue up 17.1% year over year to $4.74 billion and EPS of $0.78, exceeding analyst expectations. The company guided for third-quarter 2026 EPS of $0.85–$0.89.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $174.08, while Corning declared a quarterly dividend of $0.28 per share, yielding approximately 0.7%.

Fund Advisors of America Inc FL acquired a new position in shares of Corning Incorporated (NYSE:GLW - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,913 shares of the electronics maker's stock, valued at approximately $2,021,000. Corning accounts for about 1.8% of Fund Advisors of America Inc FL's investment portfolio, making the stock its 12th biggest holding.

Other large investors have also made changes to their positions in the company. Security National Bank lifted its position in shares of Corning by 340.4% in the 4th quarter. Security National Bank now owns 72,523 shares of the electronics maker's stock worth $6,350,000 after acquiring an additional 56,056 shares during the period. Herbst Group LLC acquired a new stake in shares of Corning during the 2nd quarter worth approximately $4,474,000. Principal Financial Group Inc. increased its position in shares of Corning by 1.2% during the first quarter. Principal Financial Group Inc. now owns 893,451 shares of the electronics maker's stock valued at $121,483,000 after purchasing an additional 10,591 shares during the period. Wealthfront Advisers LLC raised its stake in shares of Corning by 36.2% in the first quarter. Wealthfront Advisers LLC now owns 92,425 shares of the electronics maker's stock valued at $12,567,000 after purchasing an additional 24,589 shares in the last quarter. Finally, Atlas Wealth LLC raised its stake in shares of Corning by 137.8% in the first quarter. Atlas Wealth LLC now owns 12,076 shares of the electronics maker's stock valued at $1,642,000 after purchasing an additional 6,998 shares in the last quarter. Institutional investors and hedge funds own 69.80% of the company's stock.

Corning Price Performance

Corning stock opened at $149.91 on Friday. The business has a 50 day simple moving average of $174.83 and a 200 day simple moving average of $163.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 1.24. The company has a market capitalization of $129.13 billion, a PE ratio of 68.45, a price-to-earnings-growth ratio of 1.94 and a beta of 1.14. Corning Incorporated has a one year low of $65.09 and a one year high of $271.78.

Corning (NYSE:GLW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.02. Corning had a return on equity of 20.09% and a net margin of 11.20%.The firm had revenue of $4.74 billion for the quarter, compared to analysts' expectations of $4.63 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The business's revenue was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, sell-side analysts forecast that Corning Incorporated will post 3.27 EPS for the current fiscal year.

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be issued a $0.28 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. Corning's dividend payout ratio is presently 51.14%.

Wall Street Analyst Weigh In

Several research analysts recently commented on GLW shares. Wall Street Zen cut Corning from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 16th. Susquehanna boosted 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. Barclays dropped their price objective on shares of Corning from $180.00 to $129.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 29th. JPMorgan Chase & Co. decreased their target price on shares of Corning from $200.00 to $170.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 29th. Finally, Citigroup decreased their target price on shares of Corning from $240.00 to $220.00 and set a "buy" rating on the stock in a research report on Wednesday, July 29th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $174.08.

Insider Buying and Selling at Corning

In related news, CEO Wendell P. Weeks sold 100,000 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the completion of the sale, the chief executive officer owned 908,353 shares in the company, valued at $169,371,500.38. This trade represents a 9.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.25% of the company's stock.

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.

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