Ethos Financial Group LLC bought a new stake in Corning Incorporated (NYSE:GLW – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 5,253 shares of the electronics maker’s stock, valued at approximately $460,000.
A number of other hedge funds have also recently modified their holdings of the stock. CVA Family Office LLC grew its position in shares of Corning by 10.3% in the 3rd quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock valued at $98,000 after buying an additional 111 shares during the last quarter. Angeles Wealth Management LLC grew its position in shares of Corning by 2.8% in the 3rd quarter. Angeles Wealth Management LLC now owns 4,242 shares of the electronics maker’s stock valued at $348,000 after buying an additional 116 shares during the last quarter. Vista Investment Partners LLC grew its position in shares of Corning by 1.3% in the 3rd quarter. Vista Investment Partners LLC now owns 9,496 shares of the electronics maker’s stock valued at $779,000 after buying an additional 119 shares during the last quarter. Sapient Capital LLC grew its position in shares of Corning by 2.2% in the 3rd quarter. Sapient Capital LLC now owns 5,626 shares of the electronics maker’s stock valued at $452,000 after buying an additional 120 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its position in Corning by 1.6% during the 3rd quarter. Sivia Capital Partners LLC now owns 7,740 shares of the electronics maker’s stock worth $635,000 after purchasing an additional 124 shares during the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.
Corning Stock Down 1.1%
Shares of NYSE:GLW opened at $146.26 on Tuesday. The company has a market cap of $125.64 billion, a price-to-earnings ratio of 79.49, a PEG ratio of 2.33 and a beta of 1.06. The firm’s 50-day simple moving average is $132.45 and its 200-day simple moving average is $102.69. 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 $37.31 and a fifty-two week high of $162.10.
Corning Dividend Announcement
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 0.8%. 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 0.40% of the company’s stock.
Key Headlines Impacting Corning
Here are the key news stories impacting Corning this week:
- Positive Sentiment: Analysts place GLW at a consensus “Moderate Buy,” a formal signal that can prompt fresh buying from institutional and retail investors. Corning Incorporated (NYSE:GLW) Receives Consensus Rating of “Moderate Buy” from Analysts
- Positive Sentiment: Media pieces (Zacks, Yahoo) flag Corning’s strong earnings‑surprise track record and favorable indicators (analyst revisions / Earnings ESP), arguing GLW is well positioned to beat again — which tends to drive near‑term upside when expectations are exceeded. Will Corning (GLW) Beat Estimates Again in Its Next Earnings Report? (Yahoo) Will Corning (GLW) Beat Estimates Again in Its Next Earnings Report? (Zacks)
- Positive Sentiment: Buy/hold coverage (247WallSt) spotlights Corning as a durable infrastructure play — optical fiber for AI/data centers, Gorilla Glass for devices — framing GLW as a beneficiary of secular AI and connectivity trends that can support higher multiple and steady demand. Buy and Hold Forever This Unknown AI Stock up 200% Buy and Hold Forever This Unknown AI Stock up 200% (duplicate)
- Neutral Sentiment: Zacks included GLW in a roundup of dividend‑growth candidates, highlighting resilient fundamentals and steady payouts as reasons dividend‑focused investors may favor the name — supportive but less immediately price‑moving than earnings/news. Bet on These 5 Dividend Growth Stocks as Oil Price Ticks Up
- Neutral Sentiment: Another Zacks piece points investors to tools like Earnings ESP to target stocks set to beat; mentions of GLW in this context raise visibility but are informational rather than a direct catalyst. Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on GLW shares. Mizuho set a $145.00 price objective on shares of Corning in a research report on Monday, February 23rd. Oppenheimer set a $120.00 price objective on shares of Corning in a research report on Thursday, January 29th. Susquehanna raised their price objective on shares of Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Morgan Stanley raised their price objective on shares of Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Finally, Barclays set a $100.00 price objective on shares of Corning in a research report on Thursday, January 29th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.08.
Read Our Latest Research Report on GLW
Corning Company 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.
Further Reading
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