Corning Incorporated $GLW Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers cut its holdings in shares of Corning Incorporated (NYSE:GLW) by 4.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 356,284 shares of the electronics maker’s stock after selling 16,336 shares during the period. Cetera Investment Advisers’ holdings in Corning were worth $48,444,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Signature Equity Partners LLC grew its stake in shares of Corning by 19.3% in the first quarter. Signature Equity Partners LLC now owns 383 shares of the electronics maker’s stock worth $52,000 after purchasing an additional 62 shares in the last quarter. Wiregrass Investment Management LLC raised its stake in shares of Corning by 12.5% during the first quarter. Wiregrass Investment Management LLC now owns 6,130 shares of the electronics maker’s stock valued at $834,000 after purchasing an additional 683 shares in the last quarter. First Citizens Bank & Trust Co. lifted its holdings in Corning by 31.4% in the first quarter. First Citizens Bank & Trust Co. now owns 10,918 shares of the electronics maker’s stock worth $1,485,000 after purchasing an additional 2,607 shares during the period. Alesco Advisors LLC An ESL Co acquired a new stake in Corning in the first quarter worth about $632,000. Finally, Saturna Capital Corp bought a new position in Corning in the 1st quarter valued at about $272,000. 69.80% of the stock is owned by institutional investors.

Corning Stock Down 6.1%

GLW opened at $146.57 on Friday. The business has a 50 day moving average of $188.01 and a 200-day moving average of $155.14. The stock has a market capitalization of $126.14 billion, a price-to-earnings ratio of 70.13, a P/E/G ratio of 2.05 and a beta of 1.09. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 1-year low of $54.89 and a 1-year high of $271.78.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The business had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Corning’s revenue was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, sell-side analysts anticipate that Corning Incorporated will post 3.18 earnings per share for the current year.

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.28 per share. The ex-dividend date is Monday, August 31st. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. Corning’s payout ratio is presently 53.59%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group set a $243.00 price objective on Corning in a research note on Monday, July 6th. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Zacks Research lowered Corning from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Oppenheimer boosted their price objective on Corning from $210.00 to $230.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Finally, Mizuho upped their price objective on shares of Corning from $220.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $194.69.

Insider Buying and Selling at Corning

In related news, SVP Michaune D. Tillman sold 3,260 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $207.02, for a total value of $674,885.20. Following the completion of the sale, the senior vice president owned 10,174 shares in the company, valued at approximately $2,106,221.48. This trade represents a 24.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Soumya Seetharam sold 20,000 shares of Corning stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $206.23, for a total value of $4,124,600.00. Following the sale, the senior vice president directly owned 25,570 shares in the company, valued at approximately $5,273,301.10. This trade represents a 43.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 160,655 shares of company stock valued at $30,692,560 in the last three months. Company insiders own 0.25% of the company’s stock.

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.