Corning Incorporated $GLW Stock: Curated Wealth Partners LLC Decreases Stake

Curated Wealth Partners LLC lowered its position in Corning Incorporated (NYSE:GLW) by 98.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,623 shares of the electronics maker’s stock after selling 185,650 shares during the period. Curated Wealth Partners LLC’s holdings in Corning were worth $403,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of GLW. Atwood & Palmer Inc. purchased a new position in shares of Corning in the second quarter valued at about $26,000. Rogco LP bought a new position in shares of Corning in the second quarter worth about $27,000. Toth Financial Advisory Corp grew its position in shares of Corning by 130.7% during the third quarter. Toth Financial Advisory Corp now owns 173 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 98 shares in the last quarter. Cornerstone Financial Management LLC grew its position in shares of Corning by 63.3% during the second quarter. Cornerstone Financial Management LLC now owns 196 shares of the electronics maker’s stock worth $50,000 after purchasing an additional 76 shares in the last quarter. Finally, First PREMIER Bank bought a new stake in Corning during the 2nd quarter valued at approximately $51,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Insider Transactions at Corning

In related news, EVP Lewis Steverson sold 13,100 shares of Corning stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.25% of the stock is currently owned by insiders.

Analyst Ratings Changes

GLW has been the topic of several research reports. UBS Group lifted their target price on Corning from $196.00 to $201.00 and gave the stock a “buy” rating in a report on Monday, October 5th. Bank of America decreased their price objective on Corning from $243.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, July 29th. JPMorgan Chase & Co. lowered their target price on Corning from $200.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. The Goldman Sachs Group reissued an “outperform” rating on shares of Corning in a report on Tuesday, September 15th. Finally, Truist Financial raised their price objective on Corning from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.56.

Corning Stock Down 4.7%

NYSE:GLW opened at $131.93 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 1.24. Corning Incorporated has a 1-year low of $77.39 and a 1-year high of $271.78. The company has a 50-day moving average of $154.18 and a 200 day moving average of $168.66. The firm has a market cap of $113.64 billion, a PE ratio of 48.23, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. Corning had a net margin of 11.20% and a return on equity of 20.09%. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter last year, the firm posted $0.60 EPS. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, research analysts anticipate that Corning Incorporated will post 3.28 EPS for the current fiscal year.

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, November 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. Corning’s dividend payout ratio (DPR) is currently 51.14%.

Corning Company Profile

Corning Incorporated (NYSE: GLW) is a global materials science and technology company headquartered in Corning, New York. Founded in 1851, the company develops specialized glass, ceramics and optical technologies for customers in the communications, consumer electronics, automotive, life sciences and industrial markets.

Its Optical Communications segment supplies fiber, cable, hardware and related solutions used in telecommunications and data center networks. Corning also produces glass substrates for flat-panel displays, including televisions, monitors and other electronic devices, as well as specialty cover glass such as Gorilla Glass for mobile devices and other consumer electronics.

Additional products include automotive emissions-control substrates and filters, pharmaceutical and laboratory glassware, and advanced glass and ceramic materials used in semiconductor, aerospace, environmental and other applications.