Cacti Asset Management LLC Has $62.91 Million Holdings in Corning Incorporated $GLW

Cacti Asset Management LLC lessened its position in shares of Corning Incorporated (NYSE:GLW) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 706,890 shares of the electronics maker’s stock after selling 13,642 shares during the quarter. Corning accounts for 3.9% of Cacti Asset Management LLC’s portfolio, making the stock its 9th biggest holding. Cacti Asset Management LLC’s holdings in Corning were worth $62,913,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GLW. Capital Research Global Investors purchased a new position in Corning in the third quarter worth about $907,164,000. Norges Bank purchased a new stake in shares of Corning during the 2nd quarter valued at about $534,936,000. WCM Investment Management LLC bought a new position in shares of Corning in the 3rd quarter worth approximately $676,931,000. Wellington Management Group LLP lifted its stake in shares of Corning by 30.3% in 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 purchasing an additional 3,848,540 shares during the period. Finally, Voya Investment Management LLC boosted its holdings in shares of Corning by 748.0% in the third 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. Institutional investors own 69.80% of the company’s stock.

Corning Trading Down 0.1%

GLW stock opened at $129.74 on Thursday. 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 Incorporated has a 1-year low of $37.31 and a 1-year high of $162.10. The business has a 50 day simple moving average of $120.26 and a two-hundred day simple moving average of $96.60. The company has a market capitalization of $111.31 billion, a price-to-earnings ratio of 70.51, a PEG ratio of 2.05 and a beta of 1.05.

Corning (NYSE:GLW) last released its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter last year, the business posted $0.57 earnings per share. The company’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. Research analysts anticipate that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

The business 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 dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, February 27th. Corning’s dividend payout ratio is 60.87%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. HSBC restated a “buy” rating and set a $135.00 target price on shares of Corning in a research report on Friday, February 13th. Barclays set a $100.00 price target on shares of Corning in a research note on Thursday, January 29th. Weiss Ratings raised shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Bank of America upped their price objective on Corning from $120.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Finally, Susquehanna raised their target price on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. 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, the company currently has an average rating of “Moderate Buy” and an average target price of $131.75.

Insider Activity

In related news, EVP Lewis A. Steverson sold 15,366 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the completion of the transaction, the executive vice president directly owned 3,461 shares of the company’s stock, valued at approximately $450,691.42. This represents a 81.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Edward A. Schlesinger sold 21,104 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $104.55, for a total value of $2,206,423.20. Following the transaction, the chief financial officer owned 54,780 shares of the company’s stock, valued at $5,727,249. This represents a 27.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 233,201 shares of company stock valued at $32,614,558. 0.40% of the stock is owned by corporate insiders.

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.