Clearstead Advisors LLC Sells 2,662 Shares of Corning Incorporated $GLW

Clearstead Advisors LLC cut its position in shares of Corning Incorporated (NYSE:GLW) by 6.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,968 shares of the electronics maker’s stock after selling 2,662 shares during the quarter. Clearstead Advisors LLC’s holdings in Corning were worth $3,500,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of GLW. Merit Financial Group LLC grew its position in Corning by 16.9% during the 4th quarter. Merit Financial Group LLC now owns 45,001 shares of the electronics maker’s stock worth $3,940,000 after acquiring an additional 6,493 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ grew its position in Corning by 4.9% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 261,749 shares of the electronics maker’s stock worth $21,471,000 after acquiring an additional 12,297 shares during the last quarter. Security National Bank grew its position in Corning by 340.4% during the 4th quarter. Security National Bank now owns 72,523 shares of the electronics maker’s stock worth $6,350,000 after acquiring an additional 56,056 shares during the last quarter. Three Seasons Wealth LLC bought a new position in Corning during the 4th quarter worth approximately $1,750,000. Finally, Natixis Advisors LLC grew its position in Corning by 32.1% during the 3rd quarter. Natixis Advisors LLC now owns 479,921 shares of the electronics maker’s stock worth $39,367,000 after acquiring an additional 116,583 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors.

Corning Price Performance

Shares of GLW stock opened at $196.64 on Wednesday. The firm has a market cap of $169.24 billion, a P/E ratio of 94.09, a P/E/G ratio of 2.78 and a beta of 1.14. Corning Incorporated has a fifty-two week low of $48.62 and a fifty-two week high of $211.79. The business’s 50 day moving average price is $164.19 and its 200-day moving average price is $124.80. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61.

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

Corning Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, May 29th. Corning’s dividend payout ratio (DPR) is currently 53.59%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GLW shares. Truist Financial raised their price target on Corning from $125.00 to $149.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. raised their price target on Corning from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Fox Advisors lowered Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. UBS Group raised their price target on Corning from $179.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Oppenheimer lifted their price objective on Corning from $120.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.92.

Insider Transactions at Corning

In other news, SVP Jaymin Amin sold 27,395 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $192.14, for a total value of $5,263,675.30. Following the completion of the transaction, the senior vice president owned 94,400 shares in the company, valued at $18,138,016. This trade represents a 22.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Michaune D. Tillman sold 3,260 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $207.02, for a total value of $674,885.20. Following the transaction, the senior vice president directly owned 10,174 shares of the company’s stock, valued at $2,106,221.48. This represents a 24.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 198,169 shares of company stock worth $33,412,111. Corporate insiders own 0.25% of the company’s stock.

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.