Benedict Financial Advisors Inc. Sells 5,860 Shares of Corning Incorporated $GLW

Benedict Financial Advisors Inc. lessened its holdings in shares of Corning Incorporated (NYSE:GLW) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,347 shares of the electronics maker’s stock after selling 5,860 shares during the quarter. Corning makes up 1.8% of Benedict Financial Advisors Inc.’s portfolio, making the stock its 12th biggest position. Benedict Financial Advisors Inc.’s holdings in Corning were worth $8,436,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLW. Brighton Jones LLC grew its stake in Corning by 46.0% in the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after purchasing an additional 2,114 shares during the period. Retirement Planning Co of New England Inc. purchased a new stake in Corning in the first quarter worth $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Corning by 9.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after purchasing an additional 5,522 shares during the period. Sivia Capital Partners LLC purchased a new stake in Corning in the second quarter worth $401,000. Finally, Schnieders Capital Management LLC. purchased a new stake in Corning in the second quarter worth $266,000. Institutional investors own 69.80% of the company’s stock.

Corning Trading Down 1.1%

NYSE GLW opened at $164.25 on Friday. Corning Incorporated has a 12 month low of $40.16 and a 12 month high of $176.75. The stock has a market cap of $141.10 billion, a P/E ratio of 89.27, a P/E/G ratio of 2.58 and a beta of 1.06. The stock’s fifty day moving average price is $142.70 and its 200-day moving average price is $107.99. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62.

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

Corning Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, February 27th were given a dividend of $0.28 per share. 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 dividend payout ratio (DPR) is 60.87%.

Insider Activity at Corning

In related news, VP John Z. Zhang sold 1,531 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $133.75, for a total transaction of $204,771.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Lewis A. Steverson sold 15,366 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total value of $2,000,960.52. Following the sale, the executive vice president directly owned 3,461 shares in the company, valued at $450,691.42. This trade represents a 81.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 233,201 shares of company stock valued at $32,614,558 over the last three months. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GLW. Wolfe Research set a $130.00 price target on Corning and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Oppenheimer set a $120.00 price target on Corning in a research note on Thursday, January 29th. UBS Group increased their target price on Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Finally, Barclays set a $100.00 target price on Corning in a research note on Thursday, January 29th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Corning presently has an average rating of “Moderate Buy” and a consensus target price of $136.69.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: GLW has surged ~15.8% over the past week, drawing momentum investors and helping support recent gains. Read More.
• Positive Sentiment: Corning was named among “Buy 5 Stocks With High ROE,” which can attract investors focused on return-on-equity screens and relative profitability. Read More.
• Positive Sentiment: Media bullishness: Jim Cramer discussed liking Corning on air, a boost to retail sentiment and short-term visibility. Read More.
• Neutral Sentiment: J.P. Morgan’s move is mixed: it cut GLW to Neutral from Overweight but raised its price target (to $175), signaling a view that upside exists but the stock no longer merits an overweight allocation. This is a nuanced datapoint—higher PT but lower conviction. Read More.
• Negative Sentiment: The downgrade prompted intraday selling pressure: analysts cited valuation concerns and JPM’s reassessment of a “blue‑sky” upside scenario, which directly weighed on the share price today. Read More.

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.