Corning Incorporated $GLW Shares Sold by MassMutual Private Wealth & Trust FSB

Key Points

• MassMutual Private Wealth & Trust FSB cut its Corning stake by 26.4% in Q4, selling 11,549 shares and leaving 32,244 shares valued at $2.82M; institutional investors now own about 69.8% of the stock.
• Insider selling has been significant recently — CEO Wendell P. Weeks sold 137,514 shares (~$21.37M) and insiders disposed of 233,201 shares worth $32.6M over the last 90 days, leaving insiders with roughly 0.40% ownership.
• Corning slightly beat Q4 estimates (EPS $0.72 vs. $0.71) with revenue up 13.9% YoY, and several analysts raised targets (e.g., UBS $160, Citi $170), giving a consensus "Moderate Buy" and an average price target of $131.75.

MassMutual Private Wealth & Trust FSB decreased its stake in Corning Incorporated (NYSE:GLW - Free Report) by 26.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,244 shares of the electronics maker's stock after selling 11,549 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Corning were worth $2,823,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GLW. Innova Wealth Partners acquired a new stake in Corning in the fourth quarter worth $384,000. Red Spruce Capital LLC bought a new stake in Corning in the fourth quarter valued at $202,000. Park Avenue Securities LLC boosted its holdings in shares of Corning by 12.6% during the fourth quarter. Park Avenue Securities LLC now owns 25,234 shares of the electronics maker's stock valued at $2,209,000 after acquiring an additional 2,827 shares during the period. CGN Advisors LLC acquired a new position in shares of Corning during the fourth quarter valued at $1,825,000. Finally, GAMMA Investing LLC grew its position in shares of Corning by 12.7% during the fourth quarter. GAMMA Investing LLC now owns 18,241 shares of the electronics maker's stock worth $1,597,000 after acquiring an additional 2,052 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company's stock.

Insider Buying and Selling at Corning

In other Corning news, insider Eric S. Musser sold 25,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the completion of the transaction, the insider directly owned 19,926 shares of the company's stock, valued at approximately $2,191,860. This trade represents a 55.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Wendell P. Weeks sold 137,514 shares of Corning stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $155.37, for a total value of $21,365,550.18. Following the transaction, the chief executive officer owned 750,585 shares in the company, valued at approximately $116,618,391.45. This trade represents a 15.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 233,201 shares of company stock valued at $32,614,558. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Corning from a "hold" rating to a "buy" rating in a report 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 research report on Friday, February 20th. Fox Advisors lowered shares of Corning from an "overweight" rating to an "equal weight" rating in a research note on Thursday, January 29th. Citigroup lifted their price target on Corning from $120.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, February 25th. Finally, Morgan Stanley boosted their price objective on Corning from $103.00 to $127.00 and gave the stock an "equal weight" rating in a research report on Monday, February 23rd. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $131.75.

Corning Stock Performance

GLW stock opened at $124.72 on Friday. The company has a market capitalization of $107.00 billion, a P/E ratio of 67.78, a PEG ratio of 1.97 and a beta of 1.05. The company has a 50-day simple moving average of $122.00 and a 200 day simple moving average of $97.46. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $162.10. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW - Get Free Report) last released its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The firm had revenue of $4.41 billion for the quarter, compared to analysts' expectations of $4.35 billion. During the same quarter last year, the company earned $0.57 EPS. 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 predict that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be issued a $0.28 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.9%. Corning's dividend payout ratio (DPR) is 60.87%.

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.

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