Corning Incorporated $GLW Shares Sold by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA cut its holdings in Corning Incorporated (NYSE:GLW) by 3.2% during the 4th quarter, Holdings Channel reports. The firm owned 84,587 shares of the electronics maker’s stock after selling 2,824 shares during the period. GLOBALT Investments LLC GA’s holdings in Corning were worth $7,406,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GLW. Beese Fulmer Investment Management Inc. lifted its stake in shares of Corning by 2.5% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 3,836 shares of the electronics maker’s stock valued at $336,000 after buying an additional 92 shares during the period. Patten & Patten Inc. TN lifted its stake in shares of Corning by 0.6% during the fourth quarter. Patten & Patten Inc. TN now owns 17,796 shares of the electronics maker’s stock valued at $1,558,000 after buying an additional 100 shares during the period. Joel Isaacson & Co. LLC lifted its stake in shares of Corning by 0.5% during the fourth quarter. Joel Isaacson & Co. LLC now owns 20,518 shares of the electronics maker’s stock valued at $1,797,000 after buying an additional 102 shares during the period. CVA Family Office LLC lifted its stake in shares of Corning by 10.3% during the third quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock valued at $98,000 after buying an additional 111 shares during the period. Finally, Angeles Wealth Management LLC lifted its stake in shares of Corning by 2.8% during the third quarter. Angeles Wealth Management LLC now owns 4,242 shares of the electronics maker’s stock valued at $348,000 after buying an additional 116 shares during the period. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Corning

In other Corning news, SVP Soumya Seetharam sold 20,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $206.23, for a total transaction of $4,124,600.00. Following the transaction, the senior vice president owned 25,570 shares of the company’s stock, valued at $5,273,301.10. This trade represents a 43.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Michaune D. Tillman sold 3,260 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $207.02, for a total transaction of $674,885.20. Following the transaction, the senior vice president directly owned 10,174 shares in the company, valued at approximately $2,106,221.48. This represents a 24.27% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 170,774 shares of company stock worth $28,148,435. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

GLW has been the topic of several recent analyst reports. Barclays upped their price objective on shares of Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Mizuho upped their price objective on shares of Corning from $190.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a research note on Sunday. JPMorgan Chase & Co. upped their price objective on shares of Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Citigroup upped their price objective on shares of Corning from $175.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and an average target price of $177.92.

Corning Stock Performance

NYSE:GLW opened at $192.18 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. The company has a market cap of $165.40 billion, a P/E ratio of 91.95, a P/E/G ratio of 2.74 and a beta of 1.14. Corning Incorporated has a fifty-two week low of $47.40 and a fifty-two week high of $211.79. The firm’s 50 day moving average is $156.22 and its two-hundred day moving average is $119.90.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. Corning’s revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Analysts expect that Corning Incorporated will post 3.19 EPS for the current year.

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a yield of 0.6%. Corning’s dividend payout ratio (DPR) is currently 53.59%.

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.