Appleton Partners Inc. MA Cuts Stake in Corning Incorporated $GLW

Appleton Partners Inc. MA reduced its position in shares of Corning Incorporated (NYSE:GLW) by 10.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,780 shares of the electronics maker’s stock after selling 3,829 shares during the quarter. Appleton Partners Inc. MA’s holdings in Corning were worth $2,870,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of GLW. Lansforsakringar Fondforvaltning AB publ lifted its stake in shares of Corning by 4.9% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 261,749 shares of the electronics maker’s stock valued at $21,471,000 after buying an additional 12,297 shares in the last quarter. Hartline Investment Corp increased its stake in Corning by 113.2% in the 3rd quarter. Hartline Investment Corp now owns 295,362 shares of the electronics maker’s stock worth $24,229,000 after buying an additional 156,843 shares in the last quarter. Natixis Advisors LLC increased its stake in Corning by 32.1% in the 3rd quarter. Natixis Advisors LLC now owns 479,921 shares of the electronics maker’s stock worth $39,367,000 after buying an additional 116,583 shares in the last quarter. Schroder Investment Management Group raised its holdings in Corning by 638.0% during the second quarter. Schroder Investment Management Group now owns 546,407 shares of the electronics maker’s stock valued at $28,736,000 after acquiring an additional 472,365 shares during the period. Finally, Caprock Group LLC bought a new stake in Corning during the third quarter valued at about $3,355,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GLW shares. JPMorgan Chase & Co. upped their price objective on Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Oppenheimer set a $120.00 price target on Corning in a research note on Thursday, January 29th. Bank of America increased their price objective on shares of Corning from $144.00 to $155.00 and gave the company a “buy” rating in a report on Monday. Finally, Weiss Ratings upgraded shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Corning presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.67.

Insider Transactions at Corning

In related news, EVP Lewis A. Steverson sold 15,366 shares of the business’s 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 owned 3,461 shares in the company, valued at approximately $450,691.42. The trade was a 81.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Edward A. Schlesinger sold 21,104 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the sale, the chief financial officer directly owned 54,780 shares in the company, valued at approximately $5,727,249. The trade was a 27.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 233,201 shares of company stock valued at $32,614,558 in the last 90 days. Company insiders own 0.32% of the company’s stock.

Corning Trading Up 5.2%

Shares of GLW stock opened at $131.06 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $112.44 billion, a price-to-earnings ratio of 71.23, a price-to-earnings-growth ratio of 1.97 and a beta of 1.04. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $162.10. The stock’s 50-day moving average price is $122.87 and its 200-day moving average price is $98.09.

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

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, February 27th. Corning’s dividend payout ratio is currently 60.87%.

Corning Profile

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.