Mariner LLC Sells 518,097 Shares of Corning Incorporated $GLW

Mariner LLC trimmed its stake in shares of Corning Incorporated (NYSE:GLW) by 11.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 3,837,146 shares of the electronics maker’s stock after selling 518,097 shares during the quarter. Mariner LLC owned about 0.45% of Corning worth $314,717,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Lombard Odier Asset Management USA Corp bought a new stake in Corning during the third quarter worth about $3,003,000. Mercer Global Advisors Inc. ADV increased its holdings in Corning by 40.7% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 244,076 shares of the electronics maker’s stock valued at $20,022,000 after buying an additional 70,600 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its position in shares of Corning by 3.8% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 20,749 shares of the electronics maker’s stock valued at $1,702,000 after buying an additional 754 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Corning by 13.6% in the 3rd quarter. Larson Financial Group LLC now owns 9,977 shares of the electronics maker’s stock valued at $818,000 after buying an additional 1,193 shares in the last quarter. Finally, JPL Wealth Management LLC bought a new stake in shares of Corning during the 3rd quarter worth approximately $33,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Corning Stock Up 2.3%

Shares of NYSE:GLW opened at $132.14 on Tuesday. The firm has a market cap of $113.37 billion, a P/E ratio of 71.81, a P/E/G ratio of 2.04 and a beta of 1.04. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $162.10. The business has a fifty day simple moving average of $118.61 and a 200 day simple moving average of $95.93. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last released its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates 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 in the previous year, the company posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Analysts predict that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

The business also recently announced 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 is Friday, February 27th. This represents a $1.12 annualized dividend and a yield of 0.8%. Corning’s dividend payout ratio is presently 60.87%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GLW. Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Oppenheimer set a $120.00 price objective on shares of Corning in a research report on Thursday, January 29th. Zacks Research downgraded Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Susquehanna lifted their price target on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a research note on Thursday, January 29th. Finally, Morgan Stanley upped their price objective on Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and a consensus target price of $131.75.

Insiders Place Their Bets

In other news, COO Avery H. Nelson III sold 1,583 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $128.74, for a total value 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. The trade was a 2.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eric S. Musser sold 15,000 shares of the company’s stock in a transaction on 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 completion of the sale, the insider directly 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 disclosure for this sale is available in the SEC filing. Insiders 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.

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.