Stratos Wealth Partners LTD. Buys 9,658 Shares of Corning Incorporated $GLW

Stratos Wealth Partners LTD. boosted its stake in Corning Incorporated (NYSE:GLW) by 13.7% in the fourth quarter, HoldingsChannel reports. The firm owned 80,289 shares of the electronics maker’s stock after buying an additional 9,658 shares during the period. Stratos Wealth Partners LTD.’s holdings in Corning were worth $7,030,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GLW. Stratos Wealth Advisors LLC acquired a new stake in shares of Corning in the 4th quarter valued at about $6,813,000. Stratos Investment Management LLC acquired a new stake in Corning in the fourth quarter valued at approximately $212,000. Perpetual Ltd increased its holdings in shares of Corning by 25.5% during the fourth quarter. Perpetual Ltd now owns 7,693 shares of the electronics maker’s stock valued at $674,000 after acquiring an additional 1,562 shares in the last quarter. Relyea Zuckerberg Hanson LLC raised its position in shares of Corning by 11.2% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 6,025 shares of the electronics maker’s stock worth $528,000 after purchasing an additional 609 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Corning by 655.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,713 shares of the electronics maker’s stock worth $500,000 after purchasing an additional 4,957 shares in the last quarter. Institutional investors own 69.80% of the company’s stock.

Analyst Upgrades and Downgrades

GLW has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. UBS Group upped their target price on shares of Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Oppenheimer set a $120.00 price target on Corning in a research note on Thursday, January 29th. Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Finally, Mizuho set a $145.00 target price on Corning in a research report on Monday, February 23rd. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.08.

Corning Trading Up 0.0%

Shares of GLW stock opened at $147.92 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The company has a market capitalization of $127.07 billion, a price-to-earnings ratio of 80.39, a PEG ratio of 2.33 and a beta of 1.06. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $162.10. The company has a 50-day simple moving average of $131.42 and a two-hundred day simple moving average of $102.04.

Corning (NYSE:GLW) last posted its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 EPS. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were given a $0.28 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.12 annualized dividend and a yield of 0.8%. Corning’s payout ratio is currently 60.87%.

Insiders Place Their Bets

In other news, CFO Edward A. Schlesinger sold 21,104 shares of Corning stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the sale, the chief financial officer directly owned 54,780 shares in the company, valued at $5,727,249. The trade was a 27.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lewis A. Steverson sold 15,366 shares of the business’s stock in a transaction dated 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 in the company, valued at $450,691.42. This trade represents a 81.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 233,201 shares of company stock valued at $32,614,558. 0.40% of the stock is currently owned by insiders.

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.