Western Wealth Management LLC Grows Position in Corning Incorporated $GLW

Western Wealth Management LLC lifted its position in Corning Incorporated (NYSE:GLW) by 17.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 30,229 shares of the electronics maker’s stock after purchasing an additional 4,417 shares during the period. Western Wealth Management LLC’s holdings in Corning were worth $4,110,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Corning by 46.0% during the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after acquiring an additional 2,114 shares during the last quarter. Retirement Planning Co of New England Inc. bought a new stake in shares of Corning in the first quarter worth about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Corning by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock valued at $2,962,000 after purchasing an additional 5,522 shares during the period. Sivia Capital Partners LLC purchased a new position in Corning during the 2nd quarter valued at about $401,000. Finally, Schnieders Capital Management LLC. bought a new position in Corning during the 2nd quarter valued at approximately $266,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Corning

In other Corning news, SVP Jaymin Amin sold 27,395 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the completion of the transaction, the senior vice president owned 94,400 shares of the company’s stock, valued at approximately $18,138,016. This trade represents a 22.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Wendell P. Weeks sold 100,000 shares of Corning stock in a transaction that occurred on 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 transaction, the chief executive officer owned 908,353 shares of the company’s stock, valued at $169,371,500.38. The trade was a 9.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.25% of the stock is currently owned by corporate insiders.

Corning Price Performance

GLW opened at $159.20 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59. The company has a market cap of $137.13 billion, a price-to-earnings ratio of 72.69, a price-to-earnings-growth ratio of 2.02 and a beta of 1.14. The stock has a fifty day simple moving average of $178.53 and a two-hundred day simple moving average of $160.44. Corning Incorporated has a 12-month low of $63.37 and a 12-month high of $271.78.

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

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders 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 yield of 0.7%. The ex-dividend date is Monday, August 31st. Corning’s dividend payout ratio is 51.14%.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning’s second-quarter results showed strong momentum: sales increased 17% year over year, while EPS rose 30% and exceeded estimates. Management also issued guidance for additional year-over-year growth in third-quarter core sales and earnings, reinforcing the investment case around optical connectivity and AI data-center demand. Corning: The Pullback We Asked For Arrived – An Upgrade To Buy
• Positive Sentiment: Analysts at Seeking Alpha upgraded GLW to “Buy,” arguing that the recent pullback created a more attractive entry point as fundamentals improve. Long-term agreements with Nvidia, Amazon and Meta are expected to support Corning’s Springboard growth strategy, including projected sales growth through 2028. Corning: The Pullback We Asked For Arrived – An Upgrade To Buy
• Positive Sentiment: Corning completed a multiyear share-repurchase program involving approximately $2.03 billion of stock, which can support EPS and signal confidence in the company’s long-term prospects. Unusually heavy trading in long-dated GLW call options also indicates bullish positioning among some investors. Why Corning Is Up After Strong Q2 Results
• Neutral Sentiment: A facility leased to a Corning affiliate in Arizona was acquired by Pivotal Manufacturing Partners and Meadow Partners. The transaction appears primarily related to the property’s ownership and is not expected to materially change Corning’s operating outlook. Pivotal Manufacturing Partners Acquire Advanced Manufacturing Facility
• Negative Sentiment: Jabil was judged the better AI-infrastructure investment because of its lower valuation, broader hardware exposure and stronger projected 2026 growth. With GLW trading at a relatively high earnings multiple, this comparison highlights valuation risk even as Corning’s AI-related fundamentals remain strong. Jabil vs. Corning: Which AI Infrastructure Stock is the Better Buy?

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GLW shares. Barclays cut their price objective on Corning from $180.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Morgan Stanley dropped their price target on Corning from $180.00 to $165.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. UBS Group reiterated a “buy” rating and issued a $196.00 price target on shares of Corning in a report on Wednesday, July 29th. Finally, Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.08.

Corning Company 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.