Corning Incorporated $GLW Shares Purchased by Cwm LLC

Cwm LLC raised its position in Corning Incorporated (NYSE:GLW) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,438 shares of the electronics maker’s stock after purchasing an additional 5,610 shares during the period. Cwm LLC’s holdings in Corning were worth $6,780,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Corning by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 98,702,639 shares of the electronics maker’s stock worth $8,096,577,000 after acquiring an additional 750,530 shares in the last quarter. State Street Corp boosted its holdings in Corning by 1.2% in the third quarter. State Street Corp now owns 37,008,856 shares of the electronics maker’s stock valued at $3,035,836,000 after purchasing an additional 439,883 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Corning by 30.3% in the third quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock valued at $1,358,211,000 after purchasing an additional 3,848,540 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Corning by 8.1% in the second quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker’s stock valued at $724,432,000 after purchasing an additional 1,036,988 shares during the last quarter. Finally, Capital Research Global Investors purchased a new position in Corning in the third quarter valued at approximately $907,164,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Corning from $127.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday. Susquehanna boosted their price target on shares of Corning from $100.00 to $125.00 and gave the company a “positive” rating in a research report on Thursday, January 29th. Bank of America upped their price objective on shares of Corning from $155.00 to $186.00 and gave the company a “buy” rating in a research note on Monday. HSBC reaffirmed a “buy” rating and set a $135.00 price objective on shares of Corning in a report on Friday, February 13th. Finally, Citigroup boosted their target price on Corning from $120.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corning has a consensus rating of “Moderate Buy” and a consensus target price of $140.08.

Corning Price Performance

Shares of NYSE:GLW opened at $165.19 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average price of $143.38 and a 200 day moving average price of $108.75. Corning Incorporated has a 52 week low of $40.16 and a 52 week high of $176.75. The company has a market cap of $141.90 billion, a P/E ratio of 89.78, a PEG ratio of 2.55 and a beta of 1.06.

Corning (NYSE:GLW) last issued its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Research analysts predict that Corning Incorporated will post 3.14 earnings per share for the current year.

Corning Dividend Announcement

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

Insider Buying and Selling

In other Corning news, insider Eric S. Musser sold 15,000 shares of the business’s stock in a transaction on 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Wendell P. Weeks sold 137,514 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the transaction, the chief executive officer owned 750,585 shares of the company’s stock, valued at $116,618,391.45. This represents a 15.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 233,201 shares of company stock valued at $32,614,558 in the last quarter. Corporate insiders own 0.25% of the company’s stock.

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.