Corning Incorporated $GLW Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lessened its holdings in shares of Corning Incorporated (NYSE:GLW) by 82.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 32,212 shares of the electronics maker’s stock after selling 148,394 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Corning were worth $2,642,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Strengthening Families & Communities LLC bought a new position in Corning in the third quarter worth about $27,000. Total Investment Management Inc. bought a new position in shares of Corning during the second quarter valued at approximately $28,000. Cornerstone Planning Group LLC grew its holdings in shares of Corning by 58.5% during the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 124 shares during the last quarter. Financial Management Professionals Inc. raised its position in shares of Corning by 111.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 200 shares during the period. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Corning in the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GLW shares. HSBC restated a “buy” rating and set a $135.00 price objective on shares of Corning in a research report on Friday, February 13th. Morgan Stanley raised their target price on Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Citigroup boosted their price target on shares of Corning from $120.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Barclays set a $100.00 price objective on shares of Corning in a report on Thursday, January 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.42.

Corning Trading Up 5.5%

Shares of Corning stock opened at $136.14 on Wednesday. The business has a fifty day simple moving average of $115.25 and a 200-day simple moving average of $94.15. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $162.10. The firm has a market cap of $116.80 billion, a price-to-earnings ratio of 73.99, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. 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 (NYSE:GLW) last released its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period in the previous year, the company earned $0.57 earnings per share. Corning’s revenue was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, equities analysts forecast that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. Corning’s payout ratio is currently 60.87%.

Insiders Place Their Bets

In related news, VP John Z. Zhang sold 1,531 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $133.75, for a total transaction of $204,771.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lewis A. Steverson sold 15,366 shares of the company’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 completion of the transaction, the executive vice president directly owned 3,461 shares in the company, valued at $450,691.42. This represents 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 sold 233,201 shares of company stock worth $32,614,558. Company insiders own 0.32% of the company’s stock.

About Corning

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.