Vantage Wealth Has $23.31 Million Stock Holdings in Corning Incorporated $GLW

Vantage Wealth lessened its stake in Corning Incorporated (NYSE:GLW) by 13.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,255 shares of the electronics maker’s stock after selling 39,680 shares during the quarter. Corning accounts for approximately 5.0% of Vantage Wealth’s holdings, making the stock its 2nd biggest position. Vantage Wealth’s holdings in Corning were worth $23,313,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GLW. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Corning during the 3rd quarter valued at about $25,000. Strengthening Families & Communities LLC bought a new position in shares of Corning in the third quarter worth approximately $27,000. Total Investment Management Inc. bought a new position in shares of Corning in the second quarter worth approximately $28,000. Cornerstone Planning Group LLC grew its holdings in shares of Corning by 58.5% during the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after buying an additional 124 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its holdings in shares of Corning by 111.1% during the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after buying an additional 200 shares during the last quarter. Institutional investors own 69.80% of the company’s stock.

Corning Stock Up 0.1%

Shares of Corning stock opened at $136.94 on Monday. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $162.10. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is $126.73 and its 200 day moving average is $99.99. The company has a market cap of $117.64 billion, a price-to-earnings ratio of 74.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05.

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

Corning Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be issued a $0.28 dividend. 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 presently 60.87%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wolfe Research set a $130.00 price objective on shares of Corning and gave the stock an “outperform” rating in a report on Tuesday, January 27th. Oppenheimer set a $120.00 target price on Corning in a research note on Thursday, January 29th. Citigroup boosted their price target on Corning from $120.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Susquehanna upped their price target on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a report on Thursday, January 29th. Finally, Fox Advisors cut Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.67.

Insider Activity at Corning

In related news, insider Eric S. Musser sold 15,000 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $130.25, for a total transaction of $1,953,750.00. Following the completion of the sale, the insider owned 4,926 shares in the company, valued at approximately $641,611.50. This represents a 75.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lewis A. Steverson sold 15,366 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total value of $2,000,960.52. Following the completion of the transaction, the executive vice president directly owned 3,461 shares in the company, valued at $450,691.42. The trade was a 81.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 233,201 shares of company stock valued at $32,614,558 in the last 90 days. 0.40% of the stock is owned by company insiders.

Corning 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.