Advocacy Wealth Management LLC Has $1.16 Million Stake in Corning Incorporated $GLW

Advocacy Wealth Management LLC cut its stake in Corning Incorporated (NYSE:GLW) by 43.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 13,193 shares of the electronics maker’s stock after selling 10,035 shares during the quarter. Advocacy Wealth Management LLC’s holdings in Corning were worth $1,155,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new stake in shares of Corning during the 4th quarter worth $26,000. Basepoint Wealth LLC bought a new position in shares of Corning during the fourth quarter valued at $26,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Corning during the 3rd quarter worth about $25,000. Evolution Wealth Management Inc. lifted its stake in shares of Corning by 58.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 381 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 141 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Corning in the 4th quarter worth approximately $35,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Amazon’s multibillion-dollar partnership gives Corning a major new source of demand for optical fiber and connectivity solutions tied to AI and cloud data-center growth. Reuters article
• Positive Sentiment: The agreement is also expected to support Corning’s U.S. manufacturing expansion, including facility investment in North Carolina and about 1,000 new jobs, which could strengthen production capacity and investor confidence. Barron’s article
• Positive Sentiment: Analysts and market commentary are framing the deal as another validation of Corning’s growing exposure to the AI buildout, following earlier agreements with other large tech customers. CNBC article
• Neutral Sentiment: Some coverage notes valuation concerns after the sharp rally, suggesting the stock may need continued execution and additional deal flow to sustain the move. Yahoo Finance article

Insider Activity at Corning

In other news, SVP Jaymin Amin sold 27,395 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the transaction, the senior vice president directly owned 94,400 shares of the company’s stock, valued at approximately $18,138,016. This trade represents a 22.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michaune D. Tillman sold 3,260 shares of Corning stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $207.02, for a total value of $674,885.20. Following the completion of the transaction, the senior vice president directly owned 10,174 shares in the company, valued at $2,106,221.48. This trade represents a 24.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 60,655 shares of company stock valued at $12,046,561 over the last ninety days. 0.25% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GLW. JPMorgan Chase & Co. boosted their price target on Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Oppenheimer raised their price target on shares of Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Barclays upped their target price on shares of Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Zacks Research lowered Corning from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Truist Financial boosted their price target on shares of Corning from $125.00 to $149.00 and gave the stock a “hold” rating in a report on Wednesday, April 29th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Corning presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.31.

Corning Trading Up 5.6%

NYSE:GLW opened at $187.44 on Tuesday. Corning Incorporated has a 1 year low of $49.47 and a 1 year high of $211.79. The stock’s fifty day moving average price is $174.04 and its two-hundred day moving average price is $131.37. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. The company has a market cap of $161.32 billion, a P/E ratio of 89.68, a P/E/G ratio of 2.54 and a beta of 1.15.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The business had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, analysts expect that Corning Incorporated will post 3.19 EPS for the current year.

Corning Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, May 29th. This represents a $1.12 annualized dividend and a yield of 0.6%. Corning’s payout ratio is presently 53.59%.

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.