Atria Investments Inc Decreases Stake in Corning Incorporated $GLW

Atria Investments Inc lowered its position in Corning Incorporated (NYSE:GLW) by 4.6% during the fourth quarter, HoldingsChannel reports. The firm owned 79,114 shares of the electronics maker’s stock after selling 3,858 shares during the period. Atria Investments Inc’s holdings in Corning were worth $6,927,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Corning during the 3rd quarter worth $25,000. Strengthening Families & Communities LLC purchased a new position in shares of Corning during the 3rd quarter worth $27,000. Cornerstone Planning Group LLC increased its position in shares of Corning by 58.5% during the 3rd 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. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Corning in the 4th quarter valued at about $35,000. Finally, JPL Wealth Management LLC purchased a new stake in Corning in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Stock Performance

Shares of Corning stock opened at $192.18 on Friday. Corning Incorporated has a one year low of $47.40 and a one year high of $211.79. The company has a market cap of $165.40 billion, a PE ratio of 91.95, a P/E/G ratio of 2.98 and a beta of 1.14. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. The business has a 50-day simple moving average of $156.22 and a 200-day simple moving average of $119.68.

Corning (NYSE:GLW) last announced its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the company posted $0.54 earnings per share. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, equities research analysts forecast that Corning Incorporated will post 3.19 EPS for the current fiscal year.

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.6%. Corning’s payout ratio is currently 53.59%.

Wall Street Analyst Weigh In

GLW has been the topic of several research analyst reports. Fox Advisors lowered shares of Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. Oppenheimer boosted their price objective on shares of Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Mizuho boosted their price objective on shares of Corning from $190.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday. Wolfe Research set a $130.00 price objective on shares of Corning and gave the company an “outperform” rating in a report on Tuesday, January 27th. Finally, Susquehanna boosted their price objective on shares of Corning from $125.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.92.

Insider Buying and Selling

In other news, CEO Wendell P. Weeks sold 137,514 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the transaction, the chief executive officer directly owned 750,585 shares of the company’s stock, valued at approximately $116,618,391.45. The trade was a 15.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Soumya Seetharam sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $206.23, for a total value of $4,124,600.00. Following the completion of the transaction, the senior vice president directly owned 25,570 shares of the company’s stock, valued at $5,273,301.10. This trade represents a 43.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 170,774 shares of company stock valued at $28,148,435. Corporate insiders own 0.25% 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.