Cwm LLC Has $5.89 Million Stake in Corning Incorporated $GLW

Cwm LLC increased its position in shares of Corning Incorporated (NYSE:GLW) by 10.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,828 shares of the electronics maker’s stock after acquiring an additional 6,593 shares during the period. Cwm LLC’s holdings in Corning were worth $5,892,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GLW. Vanguard Group Inc. boosted its stake in shares of Corning by 1.6% during the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock valued at $5,151,301,000 after purchasing an additional 1,582,895 shares in the last quarter. State Street Corp raised its holdings in Corning by 1.4% in the 2nd quarter. State Street Corp now owns 36,568,973 shares of the electronics maker’s stock valued at $1,923,162,000 after buying an additional 509,013 shares during the last quarter. Geode Capital Management LLC raised its holdings in Corning by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 19,443,525 shares of the electronics maker’s stock valued at $1,018,629,000 after buying an additional 112,739 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Corning by 8.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker’s stock worth $724,432,000 after acquiring an additional 1,036,988 shares during the last quarter. Finally, Norges Bank acquired a new position in Corning in the 2nd quarter valued at approximately $534,936,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Stock Down 0.2%

Shares of NYSE:GLW opened at $88.82 on Wednesday. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $96.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 1.00. The business’s 50-day moving average is $86.43 and its 200-day moving average is $73.70. The company has a market capitalization of $76.15 billion, a price-to-earnings ratio of 56.21, a P/E/G ratio of 1.95 and a beta of 1.11.

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

Corning Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 14th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, November 14th. Corning’s payout ratio is presently 70.89%.

Insider Activity at Corning

In other Corning news, 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 completion of the sale, the insider directly owned 44,926 shares in the company, valued at approximately $4,050,977.42. This trade represents a 69.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Edward A. Schlesinger sold 20,893 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $91.25, for a total transaction of $1,906,486.25. Following the transaction, the chief financial officer owned 66,959 shares in the company, valued at $6,110,008.75. This represents a 23.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 156,135 shares of company stock valued at $14,088,769 in the last ninety days. Insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GLW. Wall Street Zen lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Saturday, September 13th. JPMorgan Chase & Co. lifted their target price on Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. UBS Group reiterated a “buy” rating and issued a $109.00 price target (up previously from $100.00) on shares of Corning in a research report on Friday, November 21st. Citigroup raised their price objective on Corning from $93.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Zacks Research cut Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Corning has an average rating of “Moderate Buy” and an average price target of $93.09.

Corning 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.