Corning Incorporated $GLW Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC lessened its holdings in shares of Corning Incorporated (NYSE:GLW) by 4.3% during the fourth quarter, HoldingsChannel reports. The firm owned 99,923 shares of the electronics maker’s stock after selling 4,541 shares during the quarter. CWA Asset Management Group LLC’s holdings in Corning were worth $8,749,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Corning

In other news, CFO Edward A. Schlesinger sold 21,104 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $104.55, for a total value of $2,206,423.20. Following the completion of the transaction, the chief financial officer directly owned 54,780 shares in the company, valued at approximately $5,727,249. This represents a 27.81% 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, CEO Wendell P. Weeks sold 137,514 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the sale, the chief executive officer directly owned 750,585 shares of the company’s stock, valued at approximately $116,618,391.45. The trade was a 15.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 233,201 shares of company stock valued at $32,614,558. 0.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GLW has been the topic of several research analyst reports. Morgan Stanley raised their target price on shares of Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Bank of America upped their price target on shares of Corning from $120.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Mizuho set a $145.00 price target on shares of Corning in a report on Monday, February 23rd. HSBC reissued a “buy” rating and set a $135.00 price objective on shares of Corning in a research note on Friday, February 13th. Finally, Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.75.

Corning Price Performance

Shares of NYSE GLW opened at $124.72 on Friday. 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 Incorporated has a 1-year low of $37.31 and a 1-year high of $162.10. The company has a market capitalization of $107.00 billion, a price-to-earnings ratio of 67.78, a PEG ratio of 2.10 and a beta of 1.05. The business has a 50-day moving average of $122.00 and a 200-day moving average of $97.26.

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

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.9%. Corning’s dividend payout ratio (DPR) is currently 60.87%.

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.