5,946 Shares in Corning Incorporated $GLW Acquired by Rede Wealth LLC

Key Points

• Institutional buying: Rede Wealth LLC opened a new Q4 position in Corning with 5,946 shares (~$521,000), and overall institutional investors own about 69.8% of GLW, with large recent additions from Wellington, Capital Research, WCM, Voya and Polar Capital.
• Quarterly results and guidance: Corning beat Q4 estimates with EPS of $0.72 (vs. $0.71) and revenue of $4.41B (up 13.9% YoY), and provided Q1 2026 EPS guidance of $0.660–0.700.
• Insider selling: CEO Wendell P. Weeks sold 137,514 shares (~$21.4M) and insiders have sold 233,201 shares (~$32.6M) over the past 90 days, while company insiders now own just 0.25% of the stock.

Rede Wealth LLC bought a new position in Corning Incorporated (NYSE:GLW - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,946 shares of the electronics maker's stock, valued at approximately $521,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLW. Capital Research Global Investors acquired a new stake in Corning in the 3rd quarter worth approximately $907,164,000. WCM Investment Management LLC bought a new position in Corning in the 3rd quarter worth approximately $676,931,000. Wellington Management Group LLP increased its position in 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 buying an additional 3,848,540 shares during the period. Voya Investment Management LLC increased its position in Corning by 748.0% in the 3rd 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 period. Finally, Polar Capital Holdings Plc increased its position in Corning by 141.2% in the 3rd quarter. Polar Capital Holdings Plc now owns 4,011,153 shares of the electronics maker's stock worth $329,035,000 after buying an additional 2,348,125 shares during the period. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Price Performance

Shares of GLW stock opened at $174.93 on Tuesday. Corning Incorporated has a 1 year low of $40.16 and a 1 year high of $176.75. The firm's 50 day moving average is $138.43 and its 200-day moving average is $105.73. The firm has a market capitalization of $150.27 billion, a price-to-earnings ratio of 95.07, a PEG ratio of 2.69 and a beta of 1.06. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW - Get Free Report) last announced its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period in the prior year, the business earned $0.57 earnings per share. Corning's quarterly revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Sell-side analysts forecast that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, February 27th. Corning's dividend payout ratio is 60.87%.

Insider Buying and Selling at Corning

In other news, CEO Wendell P. Weeks sold 137,514 shares of the company's stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the transaction, the chief executive officer owned 750,585 shares of the company's stock, valued at $116,618,391.45. This represents a 15.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Eric S. Musser sold 25,000 shares of the company's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $110.00, for a total value of $2,750,000.00. Following the transaction, the insider directly owned 19,926 shares in the company, valued at $2,191,860. This trade represents a 55.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 233,201 shares of company stock valued at $32,614,558 over the last ninety days. Company insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on GLW. Bank of America lifted their price target on Corning from $144.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, March 23rd. Weiss Ratings upgraded Corning from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, February 17th. Oppenheimer set a $120.00 price objective on Corning in a research report on Thursday, January 29th. Citigroup boosted their price objective on Corning from $120.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, February 25th. Finally, Barclays set a $100.00 price objective on Corning in a research report on Thursday, January 29th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.08.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.