Wallace Advisory Group LLC Decreases Stock Position in Corning Incorporated $GLW

Key Points

• Wallace Advisory Group LLC cut its stake by 69.4% in Q4, selling 6,098 shares and leaving 2,689 shares in Corning valued at about $235,000.
• Corning posted a slight Q4 EPS beat ($0.72 vs. $0.71) with revenue up 13.9% to $4.41B, set Q1 2026 guidance of $0.660–0.700 EPS, and carries a consensus analyst rating of "Moderate Buy" with a ~$132 price target.
• Significant insider selling and rich valuation: insiders sold 233,201 shares (~$32.6M) over the last 90 days while the stock trades at a P/E near 93 and a market cap of about $147B, with ~69.8% owned by institutions.

Wallace Advisory Group LLC cut its holdings in Corning Incorporated (NYSE:GLW - Free Report) by 69.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,689 shares of the electronics maker's stock after selling 6,098 shares during the quarter. Wallace Advisory Group LLC's holdings in Corning were worth $235,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Corning in the third quarter worth about $25,000. Strengthening Families & Communities LLC purchased a new position in shares of Corning in the third quarter worth about $27,000. Cornerstone Planning Group LLC raised its stake in shares of Corning by 58.5% in the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker's stock worth $30,000 after purchasing an additional 124 shares during the last quarter. Financial Management Professionals Inc. raised its stake in shares of Corning by 111.1% in the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker's stock worth $31,000 after purchasing an additional 200 shares during the last quarter. Finally, JPL Wealth Management LLC purchased a new position in shares of Corning in the third quarter worth about $33,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning Stock Up 0.8%

Corning stock opened at $171.18 on Friday. The firm has a market cap of $147.05 billion, a price-to-earnings ratio of 93.03, a price-to-earnings-growth ratio of 2.66 and a beta of 1.06. Corning Incorporated has a 52 week low of $40.16 and a 52 week high of $176.75. The business's 50-day moving average price is $137.13 and its 200 day moving average price is $104.71. 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 posted its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.Corning's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, sell-side analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Announces Dividend

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

Insider Activity

In other Corning news, insider Eric S. Musser sold 15,000 shares of the firm's stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $130.25, for a total value of $1,953,750.00. Following the sale, the insider directly owned 4,926 shares of the company's stock, valued at approximately $641,611.50. This trade represents a 75.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lewis A. Steverson sold 15,366 shares of the firm's stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total value of $2,000,960.52. Following the completion of the sale, the executive vice president directly owned 3,461 shares in the company, valued at approximately $450,691.42. The trade was a 81.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 233,201 shares of company stock valued at $32,614,558 over the last 90 days. Company insiders own 0.25% of the company's stock.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Unusually large call‑option volume signals short‑term bullish positioning from traders, which can amplify intraday/near‑term upside. Investors Buy High Volume of Call Options on Corning NYSE: GLW
• Positive Sentiment: Analyst price‑target raises (Mizuho and BofA among those lifting targets) reinforce optimism on earnings momentum and industry positioning. Corning (GLW) Gets Price Target Boost from Mizuho and BofA
• Positive Sentiment: UBS reiterated a Buy rating and a ~$171 price target after meeting industry contacts at OFC, supporting the thesis that Corning benefits from fiber/optics demand. Here’s What UBS Has to Say About ​Corning Incorporated (GLW)
• Positive Sentiment: Zacks upgraded GLW to a Buy (Rank #2), signaling improving earnings expectations and helping attract momentum investors. Corning (GLW) Upgraded to Buy: Here's What You Should Know
• Positive Sentiment: Longer‑term thematic bulls view Corning as an infrastructure play tied to AI, data center buildouts and fiber expansion—supporting conviction beyond near‑term moves. Corning: One Of The Most Intriguing Infrastructure Plays
• Neutral Sentiment: Recent Q4/earnings coverage shows a small EPS beat and double‑digit revenue growth versus peers; fundamentals are solid but some gains appear priced in. Q4 Earnings Highlights: Corning NYSE: GLW Vs The Rest Of The Electronic Components Stocks
• Neutral Sentiment: Analyst commentary and news roundups explain the move higher but note much of the positive outlook is already reflected in the stock—so short‑term gains may depend on continued execution. What's going on with Corning stock Thursday?
• Negative Sentiment: Coverage warns valuation is extended after the run; investors caution against treating GLW like a high‑growth tech multiple despite AI tailwinds. Corning: Great Company Amid AI Boom, But Don't Value It Like A Hot Tech Stock
• Negative Sentiment: Articles highlighting two major risks — stretched valuation and execution/cyclicality risks — suggest pullbacks are possible if growth or margins decelerate. Soaring Corning stock price faces two major risks
• Negative Sentiment: Analyses questioning whether recent momentum has outpaced fundamentals raise the risk of sentiment‑driven volatility. Is Corning (GLW) Now Overvalued After Its Strong Recent Share Price Momentum

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Susquehanna raised their price objective on Corning from $100.00 to $125.00 and gave the stock a "positive" rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. raised their price objective on Corning from $100.00 to $115.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 28th. Morgan Stanley raised their price objective on Corning from $103.00 to $127.00 and gave the stock an "equal weight" rating in a research note on Monday, February 23rd. Mizuho set a $145.00 price objective on Corning in a research note on Monday, February 23rd. Finally, Truist Financial assumed coverage on Corning in a research note on Tuesday, March 31st. They issued a "hold" rating and a $125.00 price objective for the company. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $132.08.

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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