Wealthcare Advisory Partners LLC Sells 10,049 Shares of Corning Incorporated $GLW

Wealthcare Advisory Partners LLC lessened its position in shares of Corning Incorporated (NYSE:GLW) by 29.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,302 shares of the electronics maker’s stock after selling 10,049 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Corning were worth $2,128,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GLW. Lansforsakringar Fondforvaltning AB publ raised its stake in Corning by 4.9% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 261,749 shares of the electronics maker’s stock valued at $21,471,000 after purchasing an additional 12,297 shares in the last quarter. Hartline Investment Corp grew its stake in shares of Corning by 113.2% in the 3rd quarter. Hartline Investment Corp now owns 295,362 shares of the electronics maker’s stock worth $24,229,000 after buying an additional 156,843 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Corning by 32.1% in the 3rd quarter. Natixis Advisors LLC now owns 479,921 shares of the electronics maker’s stock worth $39,367,000 after buying an additional 116,583 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of Corning by 638.0% in the 2nd quarter. Schroder Investment Management Group now owns 546,407 shares of the electronics maker’s stock worth $28,736,000 after buying an additional 472,365 shares during the last quarter. Finally, Caprock Group LLC purchased a new stake in shares of Corning during the 3rd quarter valued at about $3,355,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GLW has been the subject of several recent research reports. Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. lifted their target price on Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Oppenheimer set a $120.00 target price on Corning in a research report on Thursday, January 29th. Barclays set a $100.00 price target on Corning in a research report on Thursday, January 29th. Finally, Susquehanna lifted their price objective on shares of Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $132.67.

Corning Stock Up 0.1%

Shares of NYSE:GLW opened at $136.94 on Monday. The firm has a market capitalization of $117.64 billion, a PE ratio of 74.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. The business has a 50 day simple moving average of $126.73 and a two-hundred day simple moving average of $99.99. 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.

Corning (NYSE:GLW) last issued its quarterly earnings results 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. 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 the consensus estimate of $4.35 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, equities analysts predict that Corning Incorporated will post 2.33 EPS for the current 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 given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, February 27th. Corning’s dividend payout ratio (DPR) is 60.87%.

Insider Buying and Selling at Corning

In other news, insider Eric S. Musser sold 15,000 shares of the business’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 of the company’s stock, valued at approximately $641,611.50. The trade was a 75.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lewis A. Steverson sold 15,366 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the completion of the transaction, the executive vice president owned 3,461 shares in the company, valued at approximately $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. In the last 90 days, insiders sold 233,201 shares of company stock valued at $32,614,558. 0.40% of the stock is owned by company insiders.

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.