Arete Wealth Advisors LLC Purchases Shares of 3,839 Corning Incorporated $GLW

Arete Wealth Advisors LLC acquired a new position in shares of Corning Incorporated (NYSE:GLW) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,839 shares of the electronics maker’s stock, valued at approximately $315,000.

Several other hedge funds also recently made changes to their positions in GLW. Strategies Wealth Advisors LLC boosted its holdings in Corning by 14.5% during the third quarter. Strategies Wealth Advisors LLC now owns 5,778 shares of the electronics maker’s stock worth $474,000 after purchasing an additional 730 shares during the last quarter. Rafferty Asset Management LLC lifted its position in Corning by 4.4% during the 3rd quarter. Rafferty Asset Management LLC now owns 262,833 shares of the electronics maker’s stock worth $21,560,000 after buying an additional 11,078 shares in the last quarter. Huntington National Bank boosted its stake in shares of Corning by 477.6% during the 3rd quarter. Huntington National Bank now owns 420,473 shares of the electronics maker’s stock worth $34,491,000 after buying an additional 347,677 shares during the last quarter. Allianz SE bought a new position in shares of Corning in the 3rd quarter valued at about $1,684,000. Finally, Aster Capital Management DIFC Ltd increased its position in shares of Corning by 910.1% in the third quarter. Aster Capital Management DIFC Ltd now owns 7,121 shares of the electronics maker’s stock valued at $584,000 after acquiring an additional 6,416 shares during the last quarter. 69.80% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Lewis A. Steverson sold 15,366 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was 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 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 SEC, which is available through this hyperlink. Also, insider Eric S. Musser sold 15,000 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $130.25, for a total value of $1,953,750.00. Following the completion of the sale, the insider owned 4,926 shares of the company’s stock, valued at $641,611.50. The trade was a 75.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 233,201 shares of company stock valued at $32,614,558. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Citigroup increased their price target on shares of Corning from $120.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Wolfe Research set a $130.00 price objective on shares of Corning and gave the company an “outperform” rating in a research report on Tuesday, January 27th. Fox Advisors cut shares of Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. Finally, Oppenheimer set a $120.00 price target on Corning in a research report on Thursday, January 29th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $125.42.

Corning Stock Down 1.9%

GLW stock opened at $144.82 on Thursday. The business has a 50-day simple moving average of $111.93 and a 200 day simple moving average of $92.11. The company has a market cap of $124.25 billion, a PE ratio of 78.71, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $162.10.

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

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. Corning’s dividend payout ratio is 60.87%.

About Corning

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.