Level Four Advisory Services LLC Purchases 5,076 Shares of Corning Incorporated $GLW

Level Four Advisory Services LLC increased its holdings in shares of Corning Incorporated (NYSE:GLWFree Report) by 49.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,444 shares of the electronics maker’s stock after acquiring an additional 5,076 shares during the quarter. Level Four Advisory Services LLC’s holdings in Corning were worth $1,267,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GLW. Strengthening Families & Communities LLC bought a new stake in shares of Corning during the 3rd quarter worth $27,000. Total Investment Management Inc. purchased a new stake in Corning during the second quarter worth about $28,000. Cornerstone Planning Group LLC raised its position in Corning by 58.5% in the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after acquiring an additional 124 shares during the period. Financial Management Professionals Inc. boosted its stake in Corning by 111.1% in the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 200 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Corning during the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Insider Buying and Selling

In other Corning news, COO Avery H. Nelson III sold 1,583 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total transaction of $203,795.42. Following the transaction, the chief operating officer owned 59,788 shares in the company, valued at approximately $7,697,107.12. This represents a 2.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric S. Musser sold 15,000 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $130.25, for a total value of $1,953,750.00. Following the completion of the transaction, the insider owned 4,926 shares of the company’s stock, valued at approximately $641,611.50. This trade represents a 75.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 233,201 shares of company stock valued at $32,614,558 over the last three months. Insiders own 0.40% of the company’s stock.

Corning Stock Down 7.1%

Shares of GLW opened at $134.55 on Friday. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $162.10. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The stock has a 50 day simple moving average of $112.83 and a two-hundred day simple moving average of $92.40. The firm has a market cap of $115.44 billion, a P/E ratio of 73.13, a P/E/G ratio of 2.51 and a beta of 1.05.

Corning (NYSE:GLWGet Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period last year, the firm earned $0.57 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. Corning’s payout ratio is 60.87%.

Corning News Summary

Here are the key news stories impacting Corning this week:

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Fox Advisors downgraded Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. Susquehanna boosted their target price on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. increased their price target on Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Finally, Citigroup upped their price objective on shares of Corning from $120.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Corning presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.42.

Read Our Latest Research Report on Corning

About Corning

(Free Report)

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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Institutional Ownership by Quarter for Corning (NYSE:GLW)

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