Corning Incorporated $GLW Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its holdings in shares of Corning Incorporated (NYSE:GLWFree Report) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 198,393 shares of the electronics maker’s stock after buying an additional 6,903 shares during the quarter. Apollon Wealth Management LLC’s holdings in Corning were worth $17,371,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GLW. Brighton Jones LLC lifted its holdings in Corning by 46.0% during the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after buying an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in shares of Corning in the 1st quarter valued at $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Corning by 9.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock valued at $2,962,000 after purchasing an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Corning in the 2nd quarter valued at $401,000. Finally, Schnieders Capital Management LLC. acquired a new stake in shares of Corning in the 2nd quarter valued at $266,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Stock Up 0.8%

Shares of NYSE:GLW opened at $171.18 on Friday. The company has a market cap of $147.05 billion, a price-to-earnings ratio of 93.03, a PEG ratio of 2.66 and a beta of 1.06. The firm’s 50-day simple moving average is $137.13 and its 200-day simple moving average is $104.71. 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 fifty-two week low of $40.16 and a fifty-two week high of $176.75.

Corning (NYSE:GLWGet Free Report) last issued its 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 business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, equities research analysts predict that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. Corning’s payout ratio is presently 60.87%.

Insiders Place Their Bets

In other news, COO Avery H. Nelson III sold 1,583 shares of Corning stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $128.74, for a total value of $203,795.42. Following the sale, the chief operating officer owned 59,788 shares of the company’s stock, valued at $7,697,107.12. The trade was a 2.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric S. Musser sold 15,000 shares of Corning stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $130.25, for a total transaction of $1,953,750.00. Following the completion of the sale, the insider directly owned 4,926 shares in the company, valued at approximately $641,611.50. The trade was a 75.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 233,201 shares of company stock valued at $32,614,558. Corporate insiders own 0.25% of the company’s stock.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Citigroup increased their target price on shares of Corning from $120.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Fox Advisors downgraded shares of Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Truist Financial began coverage on shares of Corning in a research report on Tuesday, March 31st. They issued a “hold” rating and a $125.00 target price on the stock. Finally, UBS Group increased their target price on shares of Corning from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $132.08.

Read Our Latest Research Report on GLW

Corning Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Corning (NYSE:GLW)

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