Stratos Wealth Partners LTD. Purchases 9,658 Shares of Corning Incorporated $GLW

Stratos Wealth Partners LTD. increased its position in shares of Corning Incorporated (NYSE:GLW) by 13.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,289 shares of the electronics maker’s stock after acquiring an additional 9,658 shares during the period. Stratos Wealth Partners LTD.’s holdings in Corning were worth $7,030,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in GLW. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Corning in the 3rd quarter valued at $25,000. Strengthening Families & Communities LLC acquired a new position in shares of Corning during the 3rd quarter worth $27,000. Total Investment Management Inc. acquired a new position in shares of Corning during the 2nd quarter worth $28,000. Cornerstone Planning Group LLC lifted its position in shares of Corning by 58.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after buying an additional 124 shares during the last quarter. Finally, Financial Management Professionals Inc. lifted its position in shares of Corning by 111.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock worth $31,000 after buying an additional 200 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GLW has been the topic of a number of recent analyst reports. Truist Financial assumed coverage on Corning in a research report on Tuesday, March 31st. They issued a “hold” rating and a $125.00 target price on the stock. Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Wolfe Research set a $130.00 price objective on shares of Corning and gave the stock an “outperform” rating in a research report on Tuesday, January 27th. Finally, Mizuho set a $145.00 price objective on shares of Corning in a research note on Monday, February 23rd. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Corning has a consensus rating of “Moderate Buy” and a consensus target price of $132.08.

Insider Activity at Corning

In other news, VP John Z. Zhang sold 1,531 shares of Corning stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $133.75, for a total value of $204,771.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Wendell P. Weeks sold 137,514 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $155.37, for a total value of $21,365,550.18. Following the sale, the chief executive officer owned 750,585 shares in the company, valued at approximately $116,618,391.45. The trade was a 15.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 233,201 shares of company stock valued at $32,614,558 over the last 90 days. 0.40% of the stock is owned by company insiders.

Corning Stock Up 0.0%

Shares of NYSE:GLW opened at $147.92 on Friday. The firm has a market cap of $127.07 billion, a P/E ratio of 80.39, a P/E/G ratio of 2.33 and a beta of 1.06. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $162.10. The business has a fifty day simple moving average of $131.42 and a 200 day simple moving average of $102.04. 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 (NYSE:GLW) last issued its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Analysts predict that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, February 27th. Corning’s dividend payout ratio is currently 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.