Corning Incorporated $GLW Stake Reduced by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB trimmed its holdings in Corning Incorporated (NYSE:GLW) by 26.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 32,244 shares of the electronics maker’s stock after selling 11,549 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Corning were worth $2,823,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in GLW. CVA Family Office LLC raised its holdings 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 worth $98,000 after purchasing an additional 111 shares in the last quarter. Angeles Wealth Management LLC boosted its holdings in Corning by 2.8% during the third quarter. Angeles Wealth Management LLC now owns 4,242 shares of the electronics maker’s stock worth $348,000 after buying an additional 116 shares in the last quarter. Vista Investment Partners LLC boosted its holdings in Corning by 1.3% during the third quarter. Vista Investment Partners LLC now owns 9,496 shares of the electronics maker’s stock worth $779,000 after buying an additional 119 shares in the last quarter. Sapient Capital LLC grew its position in Corning by 2.2% in the third quarter. Sapient Capital LLC now owns 5,626 shares of the electronics maker’s stock worth $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% in the third quarter. Sivia Capital Partners LLC now owns 7,740 shares of the electronics maker’s stock worth $635,000 after buying an additional 124 shares during the last quarter. Institutional investors own 69.80% of the company’s stock.

Insider Transactions at Corning

In other news, insider Eric S. Musser sold 15,000 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $130.25, for a total value of $1,953,750.00. Following the transaction, the insider owned 4,926 shares in the company, valued at $641,611.50. This represents a 75.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Avery H. Nelson III sold 1,583 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total transaction of $203,795.42. Following the completion of the sale, the chief operating officer directly owned 59,788 shares of the company’s stock, valued at $7,697,107.12. This trade represents a 2.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 233,201 shares of company stock worth $32,614,558. 0.40% of the stock is currently owned by company insiders.

Corning Trading Down 6.3%

NYSE GLW opened at $124.72 on Friday. The firm’s 50 day moving average price is $122.00 and its two-hundred day moving average price is $97.46. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $162.10. The stock has a market cap of $107.00 billion, a price-to-earnings ratio of 67.78, a PEG ratio of 1.97 and a beta of 1.05.

Corning (NYSE:GLW) last released its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (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 company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter 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 analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 27th. Corning’s dividend payout ratio is currently 60.87%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GLW. Citigroup increased their price objective on Corning from $120.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Fox Advisors cut Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. HSBC reaffirmed a “buy” rating and set a $135.00 target price on shares of Corning in a research report on Friday, February 13th. Oppenheimer set a $120.00 price target on Corning in a research report on Thursday, January 29th. Finally, Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Corning currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.75.

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.