Western Wealth Management LLC Purchases 4,417 Shares of Corning Incorporated $GLW

Western Wealth Management LLC lifted its position in shares of Corning Incorporated (NYSE:GLW) by 17.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 30,229 shares of the electronics maker’s stock after buying an additional 4,417 shares during the quarter. Western Wealth Management LLC’s holdings in Corning were worth $4,110,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new position in shares of Corning in the fourth quarter worth $26,000. Basepoint Wealth LLC purchased a new stake in shares of Corning during the fourth quarter valued at $26,000. MBM Wealth Consultants LLC bought a new stake in Corning in the 1st quarter worth about $42,000. Kemnay Advisory Services Inc. purchased a new position in Corning in the 4th quarter worth about $27,000. Finally, IMG Wealth Management Inc. purchased a new position in Corning in the 1st quarter worth about $43,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GLW shares. Barclays dropped their price target on shares of Corning from $180.00 to $129.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. Truist Financial upgraded shares of Corning from a “hold” rating to a “buy” rating and dropped their target price for the stock from $205.00 to $175.00 in a report on Sunday, August 2nd. Bank of America lifted their target price on shares of Corning from $223.00 to $243.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. JPMorgan Chase & Co. decreased their target price on shares of Corning from $200.00 to $170.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $174.08.

Insider Buying and Selling

In related news, CEO Wendell P. Weeks sold 100,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the completion of the transaction, the chief executive officer directly owned 908,353 shares of the company’s stock, valued at approximately $169,371,500.38. This trade represents a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jaymin Amin sold 27,395 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the completion of the sale, the senior vice president owned 94,400 shares in the company, valued at approximately $18,138,016. The trade was a 22.49% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.25% of the company’s stock.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning’s second-quarter results showed strong momentum: sales increased 17% year over year, while EPS rose 30% and exceeded estimates. Management also issued guidance for additional year-over-year growth in third-quarter core sales and earnings, reinforcing the investment case around optical connectivity and AI data-center demand. Corning: The Pullback We Asked For Arrived – An Upgrade To Buy
• Positive Sentiment: Analysts at Seeking Alpha upgraded GLW to “Buy,” arguing that the recent pullback created a more attractive entry point as fundamentals improve. Long-term agreements with Nvidia, Amazon and Meta are expected to support Corning’s Springboard growth strategy, including projected sales growth through 2028. Corning: The Pullback We Asked For Arrived – An Upgrade To Buy
• Positive Sentiment: Corning completed a multiyear share-repurchase program involving approximately $2.03 billion of stock, which can support EPS and signal confidence in the company’s long-term prospects. Unusually heavy trading in long-dated GLW call options also indicates bullish positioning among some investors. Why Corning Is Up After Strong Q2 Results
• Neutral Sentiment: A facility leased to a Corning affiliate in Arizona was acquired by Pivotal Manufacturing Partners and Meadow Partners. The transaction appears primarily related to the property’s ownership and is not expected to materially change Corning’s operating outlook. Pivotal Manufacturing Partners Acquire Advanced Manufacturing Facility
• Negative Sentiment: Jabil was judged the better AI-infrastructure investment because of its lower valuation, broader hardware exposure and stronger projected 2026 growth. With GLW trading at a relatively high earnings multiple, this comparison highlights valuation risk even as Corning’s AI-related fundamentals remain strong. Jabil vs. Corning: Which AI Infrastructure Stock is the Better Buy?

Corning Price Performance

NYSE:GLW opened at $159.20 on Wednesday. The business’s 50-day simple moving average is $178.53 and its two-hundred day simple moving average is $160.44. Corning Incorporated has a 52 week low of $63.37 and a 52 week high of $271.78. The stock has a market cap of $137.13 billion, a PE ratio of 72.69, a P/E/G ratio of 2.02 and a beta of 1.14. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59.

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

Corning Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, August 31st. Corning’s dividend payout ratio is presently 51.14%.

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.