Rep. Marjorie Taylor Greene Buys Corning Incorporated (NYSE:GLW) Shares

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Corning Incorporated (NYSE:GLW). In a filing disclosed on May 19th, the Representative disclosed that they had bought between $1,001 and $15,000 in Corning stock on May 14th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 5/16/2025.
• Purchased $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 5/14/2025.
• Purchased $1,001 – $15,000 in shares of Impinj (NASDAQ:PI) on 5/14/2025.
• Purchased $1,001 – $15,000 in shares of Cardinal Health (NYSE:CAH) on 5/14/2025.
• Purchased $1,001 – $15,000 in shares of Chevron (NYSE:CVX) on 5/14/2025.
• Purchased $15,001 – $50,000 in shares of UnitedHealth Group (NYSE:UNH) on 5/14/2025.
• Purchased $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 5/14/2025.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 5/14/2025.
• Purchased $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 5/14/2025.
• Purchased $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 5/14/2025.

Corning Price Performance

GLW stock opened at $47.94 on Wednesday. The firm has a 50 day simple moving average of $44.70 and a two-hundred day simple moving average of $47.50. The stock has a market cap of $41.06 billion, a PE ratio of 82.66, a P/E/G ratio of 1.50 and a beta of 1.09. Corning Incorporated has a one year low of $35.40 and a one year high of $55.33. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.62 and a quick ratio of 1.07.

Corning (NYSE:GLW) last released its earnings results on Tuesday, April 29th. The electronics maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Corning had a return on equity of 15.10% and a net margin of 3.86%. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The firm’s revenue was up 12.9% on a year-over-year basis. On average, analysts predict that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Friday, May 30th. Corning’s dividend payout ratio is currently 215.38%.

Insider Buying and Selling

In other news, VP John Z. Zhang sold 8,000 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $46.91, for a total transaction of $375,280.00. Following the completion of the transaction, the vice president now directly owns 9,610 shares in the company, valued at $450,805.10. This trade represents a 45.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael Alan Bell sold 20,262 shares of the company’s stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $44.06, for a total transaction of $892,743.72. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Corning

Several institutional investors and hedge funds have recently modified their holdings of GLW. Vanguard Group Inc. raised its position in shares of Corning by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 99,903,247 shares of the electronics maker’s stock worth $4,747,402,000 after acquiring an additional 916,528 shares in the last quarter. Geode Capital Management LLC lifted its position in Corning by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 18,470,610 shares of the electronics maker’s stock valued at $875,633,000 after buying an additional 533,686 shares during the period. Northern Trust Corp boosted its holdings in shares of Corning by 2.0% during the 4th quarter. Northern Trust Corp now owns 10,870,375 shares of the electronics maker’s stock valued at $516,560,000 after buying an additional 208,826 shares in the last quarter. Norges Bank bought a new stake in shares of Corning during the 4th quarter valued at $490,933,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Corning by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,800,573 shares of the electronics maker’s stock worth $465,723,000 after buying an additional 78,497 shares during the period. 69.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on GLW shares. StockNews.com downgraded shares of Corning from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Oppenheimer reduced their price objective on Corning from $58.00 to $55.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. dropped their target price on Corning from $62.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Hsbc Global Res raised Corning from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 30th. Finally, Mizuho set a $52.00 price objective on Corning in a research note on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and an average price target of $53.08.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027.

Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2026 election.

About Corning

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.