Focus Partners Wealth Acquires 40,746 Shares of Corning Incorporated $GLW

Focus Partners Wealth grew its holdings in shares of Corning Incorporated (NYSE:GLW) by 5.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 746,300 shares of the electronics maker’s stock after acquiring an additional 40,746 shares during the quarter. Focus Partners Wealth’s holdings in Corning were worth $61,240,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC grew its holdings in shares of Corning by 10.3% during the 3rd quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock valued at $98,000 after purchasing an additional 111 shares during the last quarter. Angeles Wealth Management LLC lifted its stake in Corning by 2.8% in the third quarter. Angeles Wealth Management LLC now owns 4,242 shares of the electronics maker’s stock worth $348,000 after purchasing an additional 116 shares during the last quarter. Vista Investment Partners LLC boosted its position in Corning by 1.3% during the third quarter. Vista Investment Partners LLC now owns 9,496 shares of the electronics maker’s stock valued at $779,000 after buying an additional 119 shares during the period. Sapient Capital LLC boosted its position in Corning by 2.2% during the third quarter. Sapient Capital LLC now owns 5,626 shares of the electronics maker’s stock valued at $452,000 after buying an additional 120 shares during the period. Finally, Sivia Capital Partners LLC grew its stake in shares of Corning by 1.6% during the third quarter. Sivia Capital Partners LLC now owns 7,740 shares of the electronics maker’s stock valued at $635,000 after buying an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Stock Up 2.3%

Shares of NYSE:GLW opened at $132.14 on Tuesday. The stock’s 50-day moving average is $118.61 and its 200 day moving average is $95.93. The company has a market cap of $113.37 billion, a PE ratio of 71.81, a P/E/G ratio of 2.04 and a beta of 1.04. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $162.10.

Corning (NYSE:GLW) last released its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Sell-side analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. Corning’s dividend payout ratio (DPR) is presently 60.87%.

Insider Buying and Selling

In other news, COO Avery H. Nelson III sold 1,583 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $128.74, for a total value of $203,795.42. Following the completion of the sale, the chief operating officer directly owned 59,788 shares of the company’s stock, valued at approximately $7,697,107.12. This trade represents a 2.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Eric S. Musser sold 15,000 shares of Corning stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $130.25, for a total transaction of $1,953,750.00. Following the sale, the insider directly owned 4,926 shares in the company, valued at $641,611.50. The trade was a 75.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 233,201 shares of company stock valued at $32,614,558 over the last three months. Insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Zacks Research lowered Corning from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Citigroup raised their price target on Corning from $120.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. HSBC reaffirmed a “buy” rating and issued a $135.00 price target on shares of Corning in a research note on Friday, February 13th. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Oppenheimer set a $120.00 target price on shares of Corning in a report on Thursday, January 29th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.75.

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.