Kestra Advisory Services LLC Has $11.36 Million Stake in Corning Incorporated $GLW

Kestra Advisory Services LLC reduced its stake in shares of Corning Incorporated (NYSE:GLW) by 24.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 83,543 shares of the electronics maker’s stock after selling 26,886 shares during the period. Kestra Advisory Services LLC’s holdings in Corning were worth $11,359,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fidelity D & D Bancorp Inc. purchased a new position in shares of Corning during the first quarter valued at approximately $228,000. Resona Asset Management Co. Ltd. raised its position in Corning by 2.1% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 256,801 shares of the electronics maker’s stock valued at $34,575,000 after buying an additional 5,238 shares during the last quarter. WPG Advisers LLC lifted its stake in Corning by 22.7% during the 1st quarter. WPG Advisers LLC now owns 1,746 shares of the electronics maker’s stock valued at $237,000 after acquiring an additional 323 shares in the last quarter. CFS Investment Advisory Services LLC bought a new position in Corning during the 1st quarter valued at $203,000. Finally, Frank Rimerman Advisors LLC boosted its holdings in Corning by 37.2% during the 1st quarter. Frank Rimerman Advisors LLC now owns 17,317 shares of the electronics maker’s stock worth $2,355,000 after acquiring an additional 4,698 shares during the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning landed a major multibillion-dollar agreement with Amazon to expand U.S. optical fiber production for AI data centers, and it is also partnering with Nvidia to grow domestic manufacturing capacity for advanced optical solutions. The deals reinforce Corning’s position as a key supplier in AI infrastructure. Corning (GLW) Lands Amazon Deal And Nvidia Tie Up For AI Fiber Expansion
• Positive Sentiment: Recent bullish commentary says Corning’s fundamentals remain strong, citing 18% core sales growth and 30% core EPS growth in Q1, along with momentum in Optical Communications and its Solar segment. Analysts are pointing to AI-driven fiber demand as a potential catalyst for further earnings growth. Corning: AI Partnerships Mounting, Making The 30% Plunge Buyable
• Neutral Sentiment: Market-moving articles from Barron’s also flagged Corning as one of the notable stocks in the day’s AI-driven market move, reflecting renewed investor attention rather than a company-specific earnings surprise. Stock movers article
• Neutral Sentiment: One bearish note argues that Corning may not be cheap enough after the recent pullback, suggesting valuation remains a concern even with improving growth prospects. Corning: 30 Percent Cheaper Is Not Good Enough
• Negative Sentiment: Another valuation-focused article describes Corning as having “strong fundamentals” but an “unverifiable multiple,” reinforcing concerns that the stock’s premium could limit upside if AI growth fails to accelerate further. Corning: Strong Fundamentals Wrapped In An Unverifiable Multiple

Corning Stock Performance

NYSE GLW opened at $191.12 on Monday. The firm has a market cap of $164.49 billion, a P/E ratio of 91.45, a price-to-earnings-growth ratio of 2.50 and a beta of 1.09. 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’s 50 day moving average is $193.19 and its 200-day moving average is $150.40. Corning Incorporated has a 12-month low of $51.32 and a 12-month high of $271.78.

Corning (NYSE:GLW) last released its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The company had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the firm earned $0.54 EPS. Corning’s revenue for the quarter was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Sell-side analysts predict that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, August 31st. Corning’s dividend payout ratio (DPR) is presently 53.59%.

Insider Transactions at Corning

In related news, VP John Z. Zhang sold 10,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the sale, the vice president owned 5,138 shares of the company’s stock, valued at approximately $1,019,070.92. This represents a 66.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Wendell P. Weeks sold 100,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 908,353 shares of the company’s stock, valued at approximately $169,371,500.38. This represents a 9.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 160,655 shares of company stock valued at $30,692,560. 0.25% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GLW has been the subject of several recent analyst reports. UBS Group set a $243.00 target price on shares of Corning in a research note on Monday, July 6th. Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Barclays upped their price objective on shares of Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Truist Financial increased their price objective on shares of Corning from $149.00 to $205.00 and gave the company a “hold” rating in a research note on Monday, June 22nd. Finally, Morgan Stanley set a $180.00 target price on shares of Corning in a research report on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Corning has an average rating of “Moderate Buy” and an average price target of $193.54.

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.