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Corning Incorporated $GLW Shares Sold by Diversify Advisory Services LLC

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Key Points

  • Diversify Advisory Services LLC cut its stake in Corning by 37.8% in Q4, selling 13,425 shares and finishing the period with 22,090 shares worth about $2.08M.
  • CEO Wendell P. Weeks sold 137,514 shares on Feb. 26 for roughly $21.37M (reducing his ownership by 15.48%); insiders sold a total of 233,201 shares (~$32.6M) last quarter and now own about 0.25% of the stock.
  • Corning posted a slight Q4 EPS beat with 13.9% revenue growth, issued Q1 2026 EPS guidance of $0.66–$0.70, and has drawn multiple analyst price‑target raises and Buy ratings despite an elevated valuation (P/E ~93 and a 52‑week high near $176.75).
  • MarketBeat previews top five stocks to own in May.

Diversify Advisory Services LLC lessened its stake in Corning Incorporated (NYSE:GLW - Free Report) by 37.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,090 shares of the electronics maker's stock after selling 13,425 shares during the quarter. Diversify Advisory Services LLC's holdings in Corning were worth $2,081,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. City Holding Co. increased its holdings in shares of Corning by 30.8% in the fourth quarter. City Holding Co. now owns 18,388 shares of the electronics maker's stock valued at $1,610,000 after purchasing an additional 4,329 shares during the last quarter. Premier Path Wealth Partners LLC increased its holdings in shares of Corning by 11.2% in the fourth quarter. Premier Path Wealth Partners LLC now owns 5,530 shares of the electronics maker's stock valued at $484,000 after purchasing an additional 555 shares during the last quarter. Apollon Wealth Management LLC increased its holdings in shares of Corning by 3.6% in the fourth quarter. Apollon Wealth Management LLC now owns 198,393 shares of the electronics maker's stock valued at $17,371,000 after purchasing an additional 6,903 shares during the last quarter. Triad Wealth Partners LLC increased its holdings in shares of Corning by 19.7% in the fourth quarter. Triad Wealth Partners LLC now owns 4,670 shares of the electronics maker's stock valued at $409,000 after purchasing an additional 768 shares during the last quarter. Finally, Personal CFO Solutions LLC increased its holdings in shares of Corning by 5.3% in the fourth quarter. Personal CFO Solutions LLC now owns 10,905 shares of the electronics maker's stock valued at $955,000 after purchasing an additional 547 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company's stock.

Corning Price Performance

GLW stock opened at $171.18 on Friday. The business has a fifty day moving average of $137.13 and a two-hundred day moving average of $104.88. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. The stock has a market cap of $147.05 billion, a price-to-earnings ratio of 93.03, a price-to-earnings-growth ratio of 2.69 and a beta of 1.06. Corning Incorporated has a 52-week low of $40.16 and a 52-week high of $176.75.

Corning (NYSE:GLW - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, beating 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 business had revenue of $4.41 billion during the quarter, compared to analysts' expectations of $4.35 billion. During the same period last year, the business earned $0.57 earnings per share. The business's revenue for the quarter was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, research analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were given a dividend of $0.28 per share. The ex-dividend date was Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. Corning's dividend payout ratio (DPR) is currently 60.87%.

Wall Street Analysts Forecast Growth

GLW has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of Corning from $120.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday, February 25th. Wall Street Zen upgraded shares of Corning from a "hold" rating to a "buy" rating in a research report on Friday, January 23rd. Truist Financial initiated coverage on shares of Corning in a research report on Tuesday, March 31st. They set a "hold" rating and a $125.00 price objective for the company. Wolfe Research set a $130.00 price objective on shares of Corning and gave the stock an "outperform" rating in a research report on Tuesday, January 27th. Finally, UBS Group raised their price objective on shares of Corning from $125.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 20th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Corning has an average rating of "Moderate Buy" and a consensus price target of $132.08.

View Our Latest Research Report on Corning

Insider Buying and Selling at Corning

In other Corning news, CEO Wendell P. Weeks sold 137,514 shares of Corning stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the sale, the chief executive officer directly owned 750,585 shares in the company, valued at $116,618,391.45. This trade represents a 15.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric S. Musser sold 15,000 shares of Corning stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $130.25, for a total transaction of $1,953,750.00. Following the sale, the insider owned 4,926 shares of the company's stock, valued at approximately $641,611.50. This represents a 75.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 233,201 shares of company stock valued at $32,614,558. 0.25% of the stock is currently owned by company insiders.

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

Corning Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding GLW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corning Incorporated (NYSE:GLW - Free Report).

Institutional Ownership by Quarter for Corning (NYSE:GLW)

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.

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