7,513 Shares in Corning Incorporated $GLW Acquired by Xcel Wealth Management LLC

Xcel Wealth Management LLC bought a new position in shares of Corning Incorporated (NYSE:GLW) during the fourth quarter, HoldingsChannel.com reports. The firm bought 7,513 shares of the electronics maker’s stock, valued at approximately $658,000.

A number of other large investors also recently bought and sold shares of GLW. Capital Research Global Investors purchased a new position in Corning during the third quarter worth approximately $907,164,000. WCM Investment Management LLC acquired a new stake in shares of Corning during the 3rd quarter worth $676,931,000. Wellington Management Group LLP increased its holdings in shares of Corning by 30.3% during the 3rd quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock worth $1,358,211,000 after buying an additional 3,848,540 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Corning by 748.0% during the 3rd quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock worth $260,014,000 after buying an additional 2,795,948 shares during the last quarter. Finally, Polar Capital Holdings Plc increased its holdings in shares of Corning by 141.2% during the 3rd quarter. Polar Capital Holdings Plc now owns 4,011,153 shares of the electronics maker’s stock worth $329,035,000 after buying an additional 2,348,125 shares during the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Insider Activity

In other news, insider Eric S. Musser sold 15,000 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $130.25, for a total value of $1,953,750.00. Following the completion of the sale, the insider owned 4,926 shares of the company’s stock, valued at approximately $641,611.50. The trade was a 75.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Wendell P. Weeks sold 137,514 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the sale, the chief executive officer directly owned 750,585 shares of the company’s stock, valued at $116,618,391.45. The trade was a 15.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 233,201 shares of company stock worth $32,614,558 over the last three months. 0.25% of the stock is currently owned by corporate insiders.

Corning News Summary

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Recent fundamentals remain supportive: Corning reported a quarterly beat, revenue growth year-over-year and set Q1 guidance (0.660–0.700 EPS) that indicates continued earnings momentum — a reminder the business fundamentals still look intact.
• Positive Sentiment: High-profile endorsement: TV commentator Jim Cramer discussed why he likes Corning, which can help retail demand and sentiment. Read More.
• Neutral Sentiment: Mixed signal from JPMorgan: the bank raised its price target to $175 (up from $115) but simultaneously downgraded GLW to Neutral from Overweight — signaling a smaller upside case versus prior “blue‑sky” scenarios and creating ambiguity for investors. Read More.
• Neutral Sentiment: Sector context: analyses show Corning’s performance relative to computer/tech peers is mixed this year, so sector rotations could influence short-term moves more than company-specific news. Read More.
• Negative Sentiment: Sell-side downgrade drove the intraday drop: JPMorgan’s downgrade citing valuation concerns triggered investor selling and put downward pressure on the stock today. Market participants are focused on the company’s high PE and how much future growth is already priced in. Read More.

Corning Stock Performance

Shares of GLW stock opened at $166.03 on Friday. The company’s fifty day simple moving average is $141.86 and its 200-day simple moving average is $107.23. Corning Incorporated has a 52 week low of $40.16 and a 52 week high of $176.75. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The company has a market cap of $142.62 billion, a PE ratio of 90.23, a P/E/G ratio of 2.62 and a beta of 1.06.

Corning (NYSE:GLW) last issued its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter last year, the firm posted $0.57 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, equities research analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Corning Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, February 27th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.12 annualized dividend and a yield of 0.7%. Corning’s payout ratio is 60.87%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Morgan Stanley upped their price objective on Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Mizuho set a $145.00 price objective on Corning in a report on Monday, February 23rd. JPMorgan Chase & Co. downgraded Corning from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $115.00 to $175.00 in a report on Thursday. Finally, UBS Group upped their price objective on Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $136.69.

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.