Mariner LLC Sells 518,097 Shares of Corning Incorporated $GLW

Mariner LLC trimmed its holdings in Corning Incorporated (NYSE:GLW) by 11.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,837,146 shares of the electronics maker’s stock after selling 518,097 shares during the quarter. Mariner LLC’s holdings in Corning were worth $314,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Corning in the third quarter worth approximately $25,000. Strengthening Families & Communities LLC bought a new position in shares of Corning during the 3rd quarter worth approximately $27,000. Cornerstone Planning Group LLC boosted its holdings in shares of Corning by 58.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after buying an additional 124 shares in the last quarter. Financial Management Professionals Inc. grew 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 buying an additional 200 shares during the period. Finally, JPL Wealth Management LLC acquired a new stake in shares of Corning during the 3rd quarter worth approximately $33,000. Institutional investors own 69.80% of the company’s stock.

Corning Trading Up 2.3%

GLW opened at $132.14 on Tuesday. 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 capitalization of $113.37 billion, a PE ratio of 71.81, a P/E/G ratio of 2.04 and a beta of 1.04. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The company’s 50-day moving average is $118.61 and its 200 day moving average is $95.93.

Corning (NYSE:GLW) last released its quarterly 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 business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, research analysts predict that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be given a dividend of $0.28 per share. 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 presently 60.87%.

Insider Activity at Corning

In related news, EVP Lewis A. Steverson sold 15,366 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the completion of the sale, the executive vice president owned 3,461 shares in the company, valued at approximately $450,691.42. This represents a 81.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Eric S. Musser sold 25,000 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $110.00, for a total value of $2,750,000.00. Following the completion of the sale, the insider directly owned 19,926 shares of the company’s stock, valued at $2,191,860. The trade was a 55.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 233,201 shares of company stock valued at $32,614,558 over the last 90 days. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

GLW has been the topic of a number of research reports. Oppenheimer set a $120.00 target price on shares of Corning in a research report on Thursday, January 29th. Citigroup raised their price target on shares of Corning from $120.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. HSBC reaffirmed a “buy” rating and issued a $135.00 price target on shares of Corning in a research note on Friday, February 13th. Susquehanna increased 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. Finally, UBS Group raised their target price on Corning from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.75.

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.