Northwestern Mutual Wealth Management Co. Has $50.66 Million Stake in Corning Incorporated $GLW

Northwestern Mutual Wealth Management Co. raised its stake in shares of Corning Incorporated (NYSE:GLW) by 84.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 198,332 shares of the electronics maker’s stock after purchasing an additional 90,785 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Corning were worth $50,660,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLW. Alliance Wealth Advisors LLC increased its stake in shares of Corning by 1.4% in the second quarter. Alliance Wealth Advisors LLC now owns 4,045 shares of the electronics maker’s stock valued at $1,033,000 after buying an additional 56 shares during the period. Ares Financial Consulting LLC lifted its stake in shares of Corning by 15.6% in the second quarter. Ares Financial Consulting LLC now owns 444 shares of the electronics maker’s stock worth $113,000 after acquiring an additional 60 shares during the period. Signature Equity Partners LLC boosted its holdings in Corning by 19.3% in the first quarter. Signature Equity Partners LLC now owns 383 shares of the electronics maker’s stock valued at $52,000 after acquiring an additional 62 shares during the last quarter. Beirne Wealth Consulting Services LLC boosted its holdings in Corning by 0.8% in the first quarter. Beirne Wealth Consulting Services LLC now owns 8,045 shares of the electronics maker’s stock valued at $1,094,000 after acquiring an additional 64 shares during the last quarter. Finally, Balefire LLC increased its position in Corning by 0.7% during the 1st quarter. Balefire LLC now owns 9,595 shares of the electronics maker’s stock valued at $1,305,000 after purchasing an additional 65 shares during the period. 69.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GLW has been the subject of several analyst reports. Bank of America raised their price target on shares of Corning from $223.00 to $243.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Oppenheimer decreased their price objective on shares of Corning from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Citigroup dropped their target price on shares of Corning from $240.00 to $220.00 and set a “buy” rating on the stock in a report on Wednesday, July 29th. UBS Group reaffirmed a “buy” rating and set a $196.00 price target on shares of Corning in a research report on Wednesday, July 29th. Finally, Zacks Research downgraded Corning from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $174.08.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning’s second-quarter results were stronger than expected, with revenue of $4.74 billion, up 17.1% year over year, and EPS of $0.78 versus the $0.76 consensus estimate. The company has also cited increasing demand for optical fiber, data-center infrastructure and other products tied to AI and telecommunications investment. Business is Booming for Corning. Time to Buy?
• Positive Sentiment: Industry research continues to identify Corning as a leading fiber-optical cable supplier, with long-term demand supported by 5G rollouts, broadband upgrades, cloud infrastructure and AI-related data-center expansion. Corning gains recognition in the global fiber optical cable market
• Neutral Sentiment: Analyst opinion remains generally favorable, with a consensus “Moderate Buy” rating, although several firms have reduced price targets. This suggests confidence in Corning’s longer-term prospects but greater caution about valuation and execution.
• Negative Sentiment: Broader weakness in growth and AI-linked technology stocks, alongside higher bond yields and oil prices, appears to have encouraged profit-taking after Corning’s earlier rally. Corning slides as investors appear to take profits amid a weaker tech tape
• Negative Sentiment: Executive Vice President Lewis Steverson sold 13,100 shares for approximately $2.0 million, reducing his holdings by about 46.5%. The filing may have added to investor caution, particularly because recent insider activity has consisted of sales rather than purchases. SEC Form 4 insider sale

Corning Stock Down 2.1%

Shares of NYSE GLW opened at $145.61 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The firm has a market cap of $125.43 billion, a PE ratio of 66.49, a P/E/G ratio of 1.90 and a beta of 1.14. The company’s fifty day simple moving average is $169.00 and its 200 day simple moving average is $165.07. Corning Incorporated has a 12-month low of $66.14 and a 12-month high of $271.78.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.02. The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.63 billion. Corning had a net margin of 11.20% and a return on equity of 20.09%. The business’s revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, sell-side analysts forecast that Corning Incorporated will post 3.27 earnings per share for the current fiscal year.

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, August 31st. Corning’s payout ratio is presently 51.14%.

Insider Buying and Selling

In other Corning news, CEO Wendell P. Weeks sold 100,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total value of $18,646,000.00. Following the transaction, the chief executive officer owned 908,353 shares in the company, valued at approximately $169,371,500.38. This represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lewis A. Steverson sold 13,100 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $151.29, for a total value of $1,981,899.00. Following the completion of the sale, the executive vice president directly owned 15,052 shares of the company’s stock, valued at $2,277,217.08. This trade represents a 46.53% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.25% of the stock is currently owned by corporate insiders.

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.