Stone Wealth Partners Purchases New Holdings in Corning Incorporated $GLW

Stone Wealth Partners acquired a new position in shares of Corning Incorporated (NYSE:GLW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 6,042 shares of the electronics maker’s stock, valued at approximately $529,000.

Several other large investors also recently added to or reduced their stakes in GLW. Phillip James Consulting Co. purchased a new stake in shares of Corning in the fourth quarter valued at $133,000. Kera Capital Partners Inc. boosted its position in shares of Corning by 2.7% in the fourth quarter. Kera Capital Partners Inc. now owns 154,754 shares of the electronics maker’s stock worth $13,550,000 after buying an additional 4,061 shares during the period. Virtu Financial LLC purchased a new position in shares of Corning during the fourth quarter valued at $2,378,000. MV Capital Management Inc. purchased a new position in shares of Corning during the fourth quarter valued at $61,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in Corning during the fourth quarter valued at $71,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Corning Stock Performance

Shares of NYSE GLW opened at $195.28 on Friday. The business’s 50-day moving average price is $180.02 and its two-hundred day moving average price is $136.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. Corning Incorporated has a one year low of $49.97 and a one year high of $211.79. The company has a market capitalization of $168.06 billion, a P/E ratio of 93.44, a price-to-earnings-growth ratio of 2.51 and a beta of 1.15.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The company had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the business earned $0.54 EPS. The business’s quarterly revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Analysts anticipate that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th. Corning’s dividend payout ratio (DPR) is presently 53.59%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on GLW shares. Barclays increased their price objective on Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Mizuho upped their target price on Corning from $190.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Truist Financial increased their price target on shares of Corning from $125.00 to $149.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Oppenheimer raised their price target on shares of Corning from $120.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corning in a research report on Friday, May 15th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.31.

Insider Activity

In other Corning news, SVP Soumya Seetharam sold 20,000 shares of Corning stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $206.23, for a total value of $4,124,600.00. Following the completion of the sale, the senior vice president directly owned 25,570 shares in the company, valued at $5,273,301.10. The trade was a 43.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jaymin Amin sold 27,395 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the completion of the sale, the senior vice president directly owned 94,400 shares of the company’s stock, valued at $18,138,016. This represents a 22.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 160,655 shares of company stock valued at $30,692,560. 0.25% of the stock is currently owned by company insiders.

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.