Wellington Shields & Co. LLC Decreases Stock Position in Corning Incorporated $GLW

Wellington Shields & Co. LLC lessened its stake in shares of Corning Incorporated (NYSE:GLW) by 15.2% in the 3rd quarter, Holdings Channel reports. The firm owned 30,676 shares of the electronics maker’s stock after selling 5,500 shares during the period. Wellington Shields & Co. LLC’s holdings in Corning were worth $2,516,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Strengthening Families & Communities LLC bought a new stake in Corning in the 3rd quarter worth approximately $27,000. Total Investment Management Inc. bought a new position in shares of Corning during the 2nd quarter valued at approximately $28,000. Cornerstone Planning Group LLC grew its holdings 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 valued at $30,000 after purchasing an additional 124 shares in the last quarter. Financial Management Professionals Inc. increased its position in 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, Twin Peaks Wealth Advisors LLC purchased a new stake in Corning during the second quarter valued at $36,000. 69.80% of the stock is owned by institutional investors.

Corning Price Performance

Shares of GLW stock opened at $122.31 on Friday. The stock has a 50 day moving average price of $92.96 and a 200 day moving average price of $82.06. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $122.56. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The firm has a market capitalization of $104.86 billion, a P/E ratio of 66.47, a P/E/G ratio of 1.95 and a beta of 1.13.

Corning (NYSE:GLW) last announced its quarterly earnings data 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 return on equity of 18.72% and a net margin of 10.21%.The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the company posted $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. As a group, sell-side analysts predict that Corning Incorporated will post 2.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GLW. Citigroup lifted their price objective on shares of Corning from $102.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Fox Advisors lowered Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Mizuho upped their price objective on Corning from $97.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Oppenheimer set a $120.00 target price on Corning in a report on Thursday, January 29th. Finally, Susquehanna increased their price target on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a report on Thursday, January 29th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Corning presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.36.

Insider Buying and Selling

In related news, insider Eric S. Musser sold 25,000 shares of the firm’s stock in a transaction dated 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 owned 19,926 shares of the company’s stock, valued at $2,191,860. This trade represents a 55.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Li Fang sold 9,797 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total transaction of $1,112,057.47. The SEC filing for this sale provides additional information. Insiders have sold 55,945 shares of company stock valued at $6,072,986 in the last 90 days. Company insiders own 0.40% of the company’s stock.

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.