Arete Wealth Advisors LLC Purchases New Stake in Corning Incorporated $GLW

Arete Wealth Advisors LLC purchased a new stake in shares of Corning Incorporated (NYSE:GLW) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,839 shares of the electronics maker’s stock, valued at approximately $315,000.

Other institutional investors have also recently made changes to their positions in the company. Strategies Wealth Advisors LLC lifted its holdings in Corning by 14.5% during the third quarter. Strategies Wealth Advisors LLC now owns 5,778 shares of the electronics maker’s stock worth $474,000 after acquiring an additional 730 shares during the period. Rafferty Asset Management LLC raised its holdings in Corning by 4.4% during the 3rd quarter. Rafferty Asset Management LLC now owns 262,833 shares of the electronics maker’s stock valued at $21,560,000 after acquiring an additional 11,078 shares during the period. Huntington National Bank grew its holdings in Corning by 477.6% during the 3rd quarter. Huntington National Bank now owns 420,473 shares of the electronics maker’s stock valued at $34,491,000 after buying an additional 347,677 shares in the last quarter. Allianz SE bought a new position in Corning in the 3rd quarter valued at $1,684,000. Finally, Aster Capital Management DIFC Ltd increased its holdings in shares of Corning by 910.1% in the third quarter. Aster Capital Management DIFC Ltd now owns 7,121 shares of the electronics maker’s stock worth $584,000 after purchasing an additional 6,416 shares during the period. Institutional investors own 69.80% of the company’s stock.

Corning Price Performance

Shares of NYSE GLW opened at $144.82 on Thursday. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $162.10. The stock has a market capitalization of $124.25 billion, a P/E ratio of 78.71, a P/E/G ratio of 2.55 and a beta of 1.05. The company’s 50-day moving average is $111.93 and its 200 day moving average is $92.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04.

Corning (NYSE:GLW) last posted its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the previous year, the firm posted $0.57 EPS. The business’s revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, sell-side analysts expect that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be issued a $0.28 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. Corning’s dividend payout ratio is 60.87%.

Insider Buying and Selling at Corning

In other news, SVP Li Fang sold 9,797 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total value of $1,112,057.47. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Eric S. Musser sold 25,000 shares of Corning stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the transaction, the insider directly owned 19,926 shares of the company’s stock, valued at approximately $2,191,860. This trade represents a 55.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 233,201 shares of company stock valued at $32,614,558. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GLW shares. Wolfe Research set a $130.00 price target on Corning and gave the company an “outperform” rating in a research report on Tuesday, January 27th. Mizuho set a $145.00 price objective on shares of Corning in a research report on Monday, February 23rd. Oppenheimer set a $120.00 price objective on shares of Corning in a report on Thursday, January 29th. Citigroup increased their target price on Corning from $120.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Finally, JPMorgan Chase & Co. raised their price objective on Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.42.

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.