Kestra Private Wealth Services LLC Has $11.03 Million Stock Holdings in Corning Incorporated $GLW

Kestra Private Wealth Services LLC trimmed its position in Corning Incorporated (NYSE:GLW) by 4.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,133 shares of the electronics maker’s stock after selling 3,585 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Corning were worth $11,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Corning during the third quarter valued at about $25,000. Berbice Capital Management LLC acquired a new position in shares of Corning during the 4th quarter worth about $26,000. Basepoint Wealth LLC bought a new stake in Corning during the 4th quarter valued at approximately $26,000. Kemnay Advisory Services Inc. bought a new stake in Corning during the 4th quarter valued at approximately $27,000. Finally, Litman Gregory Wealth Management LLC acquired a new stake in Corning in the 4th quarter valued at approximately $31,000. Institutional investors own 69.80% of the company’s stock.

Corning Price Performance

Shares of NYSE:GLW opened at $228.14 on Friday. Corning Incorporated has a 1-year low of $51.32 and a 1-year high of $230.50. The firm has a market capitalization of $196.35 billion, a PE ratio of 109.16, a PEG ratio of 2.95 and a beta of 1.15. The business’s 50 day moving average is $183.60 and its 200-day moving average is $141.15. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62.

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

Corning Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be paid a $0.28 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.5%. Corning’s dividend payout ratio is currently 53.59%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GLW shares. Morgan Stanley set a $180.00 price target on Corning in a research report on Friday, May 8th. UBS Group raised their price objective on shares of Corning from $223.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corning in a research report on Friday, May 15th. Mizuho upped their target price on shares of Corning from $190.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Finally, Citigroup increased their price target on shares of Corning from $175.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.62.

Insider Activity at Corning

In other news, SVP Soumya Seetharam sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $206.23, for a total transaction of $4,124,600.00. Following the completion of the transaction, the senior vice president directly owned 25,570 shares of the company’s stock, valued at approximately $5,273,301.10. This trade represents a 43.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Wendell P. Weeks sold 100,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the completion of the sale, the chief executive officer directly owned 908,353 shares in the company, valued at approximately $169,371,500.38. The trade was a 9.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 160,655 shares of company stock worth $30,692,560 in the last ninety days. Company insiders own 0.25% of the company’s stock.

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.