CapWealth Advisors LLC Has $41.68 Million Stake in Corning Incorporated $GLW

CapWealth Advisors LLC increased its stake in Corning Incorporated (NYSE:GLW) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 476,032 shares of the electronics maker’s stock after acquiring an additional 3,514 shares during the period. Corning makes up approximately 2.9% of CapWealth Advisors LLC’s investment portfolio, making the stock its 7th biggest position. CapWealth Advisors LLC’s holdings in Corning were worth $41,681,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Corning in the third quarter valued at $25,000. Strengthening Families & Communities LLC acquired a new stake in shares of Corning in the third quarter valued at $27,000. Cornerstone Planning Group LLC raised its holdings in shares of Corning by 58.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 124 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Corning in the 4th quarter worth approximately $35,000. Finally, JPL Wealth Management LLC bought a new stake in shares of Corning in the 3rd quarter worth approximately $33,000. 69.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Weiss Ratings upgraded shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Oppenheimer set a $120.00 target price on shares of Corning in a report on Thursday, January 29th. UBS Group lifted their target price on Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Truist Financial lifted their target price on Corning from $125.00 to $149.00 and gave the stock a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $150.31.

Insider Buying and Selling

In other news, COO Avery H. Nelson III sold 1,583 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total value of $203,795.42. Following the completion of the sale, the chief operating officer owned 59,788 shares in the company, valued at $7,697,107.12. This represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 completion of the sale, the executive vice president owned 3,461 shares of the company’s stock, valued at $450,691.42. The trade was a 81.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 212,053 shares of company stock valued at $30,403,630. 0.25% of the stock is currently owned by company insiders.

Corning Stock Performance

Shares of GLW opened at $158.12 on Friday. Corning Incorporated has a one year low of $44.33 and a one year high of $179.08. The company has a 50-day moving average of $148.66 and a two-hundred day moving average of $112.83. The stock has a market cap of $135.84 billion, a price-to-earnings ratio of 75.66, a PEG ratio of 2.34 and a beta of 1.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.04.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The company had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the company posted $0.54 earnings per share. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, equities research analysts expect that Corning Incorporated will post 3.17 earnings per share for the current year.

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be issued a $0.28 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. Corning’s dividend payout ratio is presently 60.87%.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Q1 results and AI tailwinds: Corning reported stronger-than-expected Q1 core sales with accelerating demand from AI/data‑center optics, which underpins the stock’s large rally and longer-term upside from 5G and fiber expansion. Trefis: Is Corning Stock A Buy At 50 Times Earnings?
• Positive Sentiment: Sector/momentum bullishness: Analysts and screens (Zacks) highlight Corning as a momentum/communication‑components play to tap booming AI, 5G and fiber demand, supporting renewed investor interest. Zacks: Buy 2 Communication Component Stocks
• Neutral Sentiment: Dividend maintained: Board declared a quarterly dividend of $0.28 per share (payable June 29, record May 29). The yield is modest but supports income investors. Yahoo Finance: Corning Announces Quarterly Dividend
• Neutral Sentiment: Market context: MarketBeat and other commentary flag Corning as an AI beneficiary but note a technical pullback after a steep run; some view today’s decline as a potentially buyable dip if AI demand persists. MarketBeat Week in Review
• Negative Sentiment: Analyst caution: Truist trimmed its stance to a Hold, signaling less near‑term conviction and adding pressure after a large multi‑month gain. Globe and Mail: Corning Receives a Hold from Truist
• Negative Sentiment: High‑profile criticism and profit‑taking: Jim Cramer characterized Corning’s move as an “Icarus moment,” and media pieces note the story “getting more complicated,” prompting selling after a roughly 250% one‑year rally. Yahoo: Jim Cramer on Corning TheStreet: Corning stock falls

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.