Peachtree Investment Partners LLC Makes New Investment in Corning Incorporated $GLW

Key Points

• Peachtree Investment Partners acquired 9,784 Corning shares worth approximately $2.5 million in the second quarter, making Corning its 22nd-largest portfolio holding. Institutional investors collectively own 69.8% of the company.
• Corning reported quarterly EPS of $0.78, exceeding estimates of $0.76, while revenue rose 17.1% year over year to $4.74 billion. The company issued third-quarter 2026 EPS guidance of $0.85–$0.89.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and a $174.08 price target, although several firms recently reduced their targets. Corning also declared a quarterly dividend of $0.28 per share, yielding 0.7% annually.

Peachtree Investment Partners LLC acquired a new stake in shares of Corning Incorporated (NYSE:GLW - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,784 shares of the electronics maker's stock, valued at approximately $2,499,000. Corning makes up approximately 0.8% of Peachtree Investment Partners LLC's portfolio, making the stock its 22nd biggest position.

Other institutional investors also recently modified their holdings of the company. Merit Financial Group LLC raised its holdings in shares of Corning by 16.9% in the 4th quarter. Merit Financial Group LLC now owns 45,001 shares of the electronics maker's stock worth $3,940,000 after acquiring an additional 6,493 shares during the last quarter. Security National Bank boosted its stake in Corning by 340.4% during the 4th quarter. Security National Bank now owns 72,523 shares of the electronics maker's stock valued at $6,350,000 after purchasing an additional 56,056 shares during the last quarter. Herbst Group LLC bought a new stake in Corning during the 2nd quarter worth approximately $4,474,000. Principal Financial Group Inc. increased its holdings in Corning by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 893,451 shares of the electronics maker's stock worth $121,483,000 after purchasing an additional 10,591 shares in the last quarter. Finally, 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 worth $12,567,000 after purchasing an additional 24,589 shares during the last quarter. 69.80% of the stock is owned by institutional investors and hedge funds.

Corning Stock Performance

GLW stock opened at $165.85 on Monday. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The firm has a market cap of $142.86 billion, a PE ratio of 75.73, a P/E/G ratio of 2.12 and a beta of 1.14. The business has a 50 day moving average of $176.82 and a 200-day moving average of $161.92. Corning Incorporated has a 12-month low of $63.37 and a 12-month high of $271.78.

Corning (NYSE:GLW - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, topping 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 business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.63 billion. During the same period last year, the company posted $0.60 earnings per share. Corning's quarterly 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. As a group, sell-side analysts expect that Corning Incorporated will post 3.27 earnings per share for the current year.

Corning Dividend Announcement

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

Insider Transactions at Corning

In other Corning news, CEO Wendell P. Weeks sold 100,000 shares of Corning stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total value of $18,646,000.00. Following the sale, the chief executive officer owned 908,353 shares of the company's stock, valued at approximately $169,371,500.38. The trade was a 9.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jaymin Amin sold 27,395 shares of Corning 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 directly owned 94,400 shares in the company, valued at approximately $18,138,016. This represents a 22.49% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.25% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Corning from $200.00 to $170.00 and set a "neutral" rating on the stock in a report on Wednesday, July 29th. Susquehanna upped their price target on Corning from $125.00 to $180.00 and gave the stock a "positive" rating in a report on Wednesday, April 29th. Citigroup lowered their price target on Corning from $240.00 to $220.00 and set a "buy" rating for the company in a research report on Wednesday, July 29th. Barclays dropped their price objective on Corning from $180.00 to $129.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 29th. Finally, UBS Group reaffirmed a "buy" rating and set a $196.00 price objective on shares of Corning in a report on Wednesday, July 29th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Corning presently has a consensus rating of "Moderate Buy" and a consensus price target of $174.08.

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.

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