Northwestern Mutual Wealth Management Co. Has $50.66 Million Stock Holdings in Corning Incorporated $GLW

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Corning Incorporated (NYSE:GLW) by 84.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,332 shares of the electronics maker’s stock after purchasing an additional 90,785 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Corning were worth $50,660,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Alliance Wealth Advisors LLC grew its position in shares of Corning by 1.4% in the second quarter. Alliance Wealth Advisors LLC now owns 4,045 shares of the electronics maker’s stock valued at $1,033,000 after purchasing an additional 56 shares during the last quarter. Ares Financial Consulting LLC grew its holdings in Corning by 15.6% in the 2nd quarter. Ares Financial Consulting LLC now owns 444 shares of the electronics maker’s stock valued at $113,000 after buying an additional 60 shares in the last quarter. Signature Equity Partners LLC grew its holdings in Corning by 19.3% in the 1st quarter. Signature Equity Partners LLC now owns 383 shares of the electronics maker’s stock valued at $52,000 after buying an additional 62 shares in the last quarter. Beirne Wealth Consulting Services LLC increased its position in Corning by 0.8% during the 1st quarter. Beirne Wealth Consulting Services LLC now owns 8,045 shares of the electronics maker’s stock worth $1,094,000 after buying an additional 64 shares during the period. Finally, Balefire LLC lifted its holdings in shares of Corning by 0.7% during the first quarter. Balefire LLC now owns 9,595 shares of the electronics maker’s stock worth $1,305,000 after buying an additional 65 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning’s second-quarter results were stronger than expected, with revenue of $4.74 billion, up 17.1% year over year, and EPS of $0.78 versus the $0.76 consensus estimate. The company has also cited increasing demand for optical fiber, data-center infrastructure and other products tied to AI and telecommunications investment. Business is Booming for Corning. Time to Buy?
• Positive Sentiment: Industry research continues to identify Corning as a leading fiber-optical cable supplier, with long-term demand supported by 5G rollouts, broadband upgrades, cloud infrastructure and AI-related data-center expansion. Corning gains recognition in the global fiber optical cable market
• Neutral Sentiment: Analyst opinion remains generally favorable, with a consensus “Moderate Buy” rating, although several firms have reduced price targets. This suggests confidence in Corning’s longer-term prospects but greater caution about valuation and execution.
• Negative Sentiment: Broader weakness in growth and AI-linked technology stocks, alongside higher bond yields and oil prices, appears to have encouraged profit-taking after Corning’s earlier rally. Corning slides as investors appear to take profits amid a weaker tech tape
• Negative Sentiment: Executive Vice President Lewis Steverson sold 13,100 shares for approximately $2.0 million, reducing his holdings by about 46.5%. The filing may have added to investor caution, particularly because recent insider activity has consisted of sales rather than purchases. SEC Form 4 insider sale

Corning Trading Down 2.1%

Shares of GLW stock opened at $145.61 on Wednesday. The stock’s fifty day moving average price is $169.00 and its two-hundred day moving average price is $165.07. The company has a market cap of $125.43 billion, a PE ratio of 66.49, a P/E/G ratio of 1.90 and a beta of 1.14. Corning Incorporated has a fifty-two week low of $66.14 and a fifty-two week high of $271.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81.

Corning (NYSE:GLW) last issued its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.76 by $0.02. The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Equities analysts predict that Corning Incorporated will post 3.27 EPS for the current fiscal year.

Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, August 31st. Corning’s dividend payout ratio is presently 51.14%.

Insider Buying and Selling at Corning

In other Corning news, EVP Lewis A. Steverson sold 13,100 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $151.29, for a total value of $1,981,899.00. Following the completion of the transaction, the executive vice president owned 15,052 shares of the company’s stock, valued at $2,277,217.08. This represents a 46.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Wendell P. Weeks sold 100,000 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total value of $18,646,000.00. Following the completion of the transaction, the chief executive officer owned 908,353 shares of the company’s stock, valued at $169,371,500.38. This represents a 9.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GLW. JPMorgan Chase & Co. lowered their price target on shares of Corning from $200.00 to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Citigroup decreased their target price on shares of Corning from $240.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Oppenheimer lowered their target price on shares of Corning from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Weiss Ratings cut Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Finally, Morgan Stanley reduced their price target on Corning from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.08.

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.