Northstar Advisory Group LLC Cuts Stake in Corning Incorporated $GLW

Northstar Advisory Group LLC lessened its holdings in Corning Incorporated (NYSE:GLW) by 48.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,345 shares of the electronics maker’s stock after selling 36,185 shares during the quarter. Corning accounts for 1.2% of Northstar Advisory Group LLC’s investment portfolio, making the stock its 27th biggest position. Northstar Advisory Group LLC’s holdings in Corning were worth $3,357,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. MOR Wealth Management LLC purchased a new stake in Corning during the fourth quarter valued at about $623,000. ORG Partners LLC lifted its stake in shares of Corning by 70.5% in the 4th quarter. ORG Partners LLC now owns 1,461 shares of the electronics maker’s stock valued at $128,000 after acquiring an additional 604 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Corning by 23.9% in the 4th quarter. Spire Wealth Management now owns 25,692 shares of the electronics maker’s stock valued at $2,250,000 after acquiring an additional 4,954 shares during the last quarter. Lineweaver Wealth Advisors LLC boosted its holdings in Corning by 3.9% during the 4th quarter. Lineweaver Wealth Advisors LLC now owns 19,935 shares of the electronics maker’s stock valued at $1,746,000 after acquiring an additional 755 shares during the period. Finally, LVW Advisors LLC boosted its holdings in Corning by 13.9% during the 4th quarter. LVW Advisors LLC now owns 7,145 shares of the electronics maker’s stock valued at $626,000 after acquiring an additional 870 shares during the period. 69.80% of the stock is owned by institutional investors.

Corning Trading Down 6.2%

NYSE GLW opened at $128.38 on Tuesday. The stock has a market cap of $110.28 billion, a P/E ratio of 69.77, a price-to-earnings-growth ratio of 2.16 and a beta of 1.04. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $162.10. The stock has a 50 day simple moving average of $127.41 and a two-hundred day simple moving average of $100.36. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59.

Corning (NYSE:GLW) last announced its 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. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the company earned $0.57 earnings per share. The firm’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, analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were issued a $0.28 dividend. The ex-dividend date was Friday, February 27th. This represents a $1.12 annualized dividend and a yield of 0.9%. Corning’s dividend payout ratio is 60.87%.

Insider Transactions at Corning

In related news, EVP Lewis A. Steverson sold 15,366 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total value of $2,000,960.52. Following the completion of the transaction, the executive vice president directly owned 3,461 shares of the company’s stock, valued at $450,691.42. This represents a 81.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Avery H. Nelson III sold 1,583 shares of Corning 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 sale, the chief operating officer directly owned 59,788 shares in the company, valued at approximately $7,697,107.12. The trade was a 2.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 233,201 shares of company stock worth $32,614,558. 0.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on GLW. HSBC reaffirmed a “buy” rating and issued a $135.00 price target on shares of Corning in a research note on Friday, February 13th. Bank of America raised their target price on shares of Corning from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Wolfe Research set a $130.00 target price on shares of Corning and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Oppenheimer set a $120.00 price target on shares of Corning in a research report on Thursday, January 29th. Finally, Fox Advisors lowered shares of Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.67.

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.