Patron Partners LLC Buys Shares of 18,251 Corning Incorporated $GLW

Key Points

• Patron Partners LLC initiated a Corning position by buying 18,251 shares valued at approximately $4.66 million, making GLW its 12th-largest holding and 1.8% of its portfolio. Institutional investors collectively own 69.8% of Corning.
• Corning exceeded quarterly expectations, reporting $0.78 in EPS versus the $0.76 consensus and $4.74 billion in revenue, up 17.1% year over year. The company provided third-quarter 2026 EPS guidance of $0.85–$0.89.
• Analysts maintain a generally positive outlook, with an average rating of Moderate Buy and an average price target of $174.08. Corning also declared a quarterly dividend of $0.28, equivalent to a 0.7% annualized yield.

Patron Partners LLC bought a new position in Corning Incorporated (NYSE:GLW - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,251 shares of the electronics maker's stock, valued at approximately $4,662,000. Corning comprises about 1.8% of Patron Partners LLC's investment portfolio, making the stock its 12th largest position.

Several other large investors also recently made changes to their positions in GLW. Brighton Jones LLC raised its stake in Corning by 46.0% during the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker's stock valued at $319,000 after acquiring an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new position in shares of Corning in the first quarter worth $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Corning by 9.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker's stock valued at $2,962,000 after purchasing an additional 5,522 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Corning during the second quarter valued at about $401,000. Finally, Schnieders Capital Management LLC. bought a new stake in shares of Corning during the second quarter valued at about $266,000. Institutional investors and hedge funds own 69.80% of the company's stock.

Insider Transactions at Corning

In other Corning news, CEO Wendell P. Weeks sold 100,000 shares of the business's stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the sale, the chief executive officer owned 908,353 shares in the company, valued at approximately $169,371,500.38. The trade was a 9.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.25% of the company's stock.

Corning Stock Performance

GLW opened at $149.91 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The firm has a market cap of $129.13 billion, a PE ratio of 68.45, a P/E/G ratio of 1.94 and a beta of 1.14. The business has a fifty day simple moving average of $174.83 and a 200-day simple moving average of $163.35. Corning Incorporated has a fifty-two week low of $65.09 and a fifty-two week high of $271.78.

Corning (NYSE:GLW - Get Free Report) last announced its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.02. Corning had a return on equity of 20.09% and a net margin of 11.20%.The company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.63 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. Corning's revenue for the quarter was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, equities analysts predict that Corning Incorporated will post 3.27 EPS for the current fiscal year.

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be paid a $0.28 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. Corning's dividend payout ratio (DPR) is currently 51.14%.

Wall Street Analysts Forecast Growth

GLW has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Corning from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Wall Street Zen downgraded shares of Corning from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 16th. Susquehanna upped their price target on shares of Corning from $125.00 to $180.00 and gave the stock a "positive" rating in a research note on Wednesday, April 29th. UBS Group reiterated a "buy" rating and issued a $196.00 price objective on shares of Corning in a report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Corning from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 7th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $174.08.

About Corning

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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