Apollon Wealth Management LLC Purchases 10,649 Shares of Corning Incorporated $GLW

Apollon Wealth Management LLC grew its position in Corning Incorporated (NYSE:GLW) by 5.9% during the third quarter, HoldingsChannel reports. The firm owned 191,490 shares of the electronics maker’s stock after buying an additional 10,649 shares during the period. Apollon Wealth Management LLC’s holdings in Corning were worth $15,708,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GLW. Bill Few Associates Inc. acquired a new position in Corning in the third quarter valued at $221,000. New Hampshire Trust raised its position in shares of Corning by 8.7% in the 3rd quarter. New Hampshire Trust now owns 7,748 shares of the electronics maker’s stock worth $636,000 after acquiring an additional 620 shares in the last quarter. HBW Advisory Services LLC acquired a new position in shares of Corning in the 3rd quarter valued at about $292,000. Weatherly Asset Management L. P. boosted its position in shares of Corning by 5.1% during the 3rd quarter. Weatherly Asset Management L. P. now owns 72,694 shares of the electronics maker’s stock valued at $5,963,000 after purchasing an additional 3,502 shares in the last quarter. Finally, SWS Partners grew its stake in Corning by 1.2% during the third quarter. SWS Partners now owns 55,760 shares of the electronics maker’s stock worth $4,574,000 after purchasing an additional 659 shares during the period. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Corning news, CFO Edward A. Schlesinger sold 20,893 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $91.25, for a total value of $1,906,486.25. Following the transaction, the chief financial officer owned 66,959 shares of the company’s stock, valued at approximately $6,110,008.75. The trade was a 23.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eric S. Musser sold 100,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $90.17, for a total value of $9,017,000.00. Following the sale, the insider directly owned 44,926 shares of the company’s stock, valued at approximately $4,050,977.42. This represents a 69.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 156,135 shares of company stock worth $14,088,769 over the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

Corning Trading Down 0.1%

Shares of Corning stock opened at $89.58 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62. The stock has a fifty day simple moving average of $86.31 and a 200 day simple moving average of $72.99. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $96.64. The company has a market capitalization of $76.80 billion, a P/E ratio of 56.69, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.24 billion. Corning had a net margin of 9.16% and a return on equity of 18.12%. The business’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 EPS. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. On average, sell-side analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 14th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.12 annualized dividend and a dividend yield of 1.3%. Corning’s dividend payout ratio (DPR) is currently 70.89%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GLW. Susquehanna boosted their price target on Corning from $75.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Corning in a research report on Monday, December 22nd. Mizuho set a $97.00 price target on shares of Corning in a report on Wednesday, October 29th. Zacks Research downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Finally, Morgan Stanley increased their price objective on shares of Corning from $82.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.09.

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.