Corning Incorporated $GLW Shares Sold by O Keefe Stevens Advisory Inc.

Posted by George Bondi on Oct 9th, 2026

O Keefe Stevens Advisory Inc. cut its stake in shares of Corning Incorporated (NYSE:GLW – Free Report) by 2.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 150,063 shares of the electronics maker’s stock after selling 3,805 shares during the period. Corning accounts for approximately 4.8% of O Keefe Stevens Advisory Inc.’s holdings, making the stock its 4th biggest holding. O Keefe Stevens Advisory Inc.’s holdings in Corning were worth $23,074,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Herbst Group LLC acquired a new stake in shares of Corning during the 2nd quarter worth approximately $4,474,000. Principal Financial Group Inc. boosted its stake in Corning by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 893,451 shares of the electronics maker’s stock valued at $121,483,000 after buying an additional 10,591 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of Corning by 36.2% during the first quarter. Wealthfront Advisers LLC now owns 92,425 shares of the electronics maker’s stock valued at $12,567,000 after acquiring an additional 24,589 shares during the period. Silverlake Wealth Management LLC acquired a new stake in shares of Corning during the 2nd quarter worth about $1,872,000. Finally, Atlas Wealth LLC lifted its holdings in Corning by 137.8% during the 1st quarter. Atlas Wealth LLC now owns 12,076 shares of the electronics maker’s stock valued at $1,642,000 after purchasing an additional 6,998 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

More Corning News

Here are the key news stories impacting Corning this week:

Positive Sentiment: Truist raised its price target for Corning from $175 to $182, signaling increased confidence in the company’s earnings and growth prospects. Truist raises target for Corning stock
Positive Sentiment: Analysts highlighted GLW as a beneficiary of the AI-related communications buildout, citing network demand, growing backlogs and potential upside alongside Ciena. This supports expectations for stronger optical-fiber and data-center sales. AI communication component rally
Positive Sentiment: Zacks described Corning as a long-term growth stock, while another report pointed to AI-driven optical growth, major data-center agreements and rising solar sales. A planned expansion of U.S. optical-fiber capacity also reinforces the company’s strategic positioning. Why Corning is a top growth stock
Positive Sentiment: Corning declared a quarterly dividend of $0.28 per share, or $1.12 annually, providing continued shareholder returns. Corning declares quarterly dividend
Neutral Sentiment: Bernstein reaffirmed its Hold rating, and previews of third-quarter 2026 earnings leave investors focused on whether AI demand can translate into results consistent with Corning’s guidance. Bernstein reaffirms Hold rating
Negative Sentiment: After a substantial year-to-date advance, commentary warned that GLW’s valuation and profit risks could limit further gains. A law firm is also investigating potential claims on behalf of investors, adding headline and litigation risk. Pomerantz investigation of Corning

Insider Buying and Selling

In other news, EVP Lewis Steverson sold 13,100 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were 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 in the company, valued at $2,277,217.08. This represents a 46.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GLW shares. Truist Financial upped their target price on shares of Corning from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Friday, October 2nd. Citigroup decreased their price objective on Corning from $240.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Barclays cut their price target on Corning from $180.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th. UBS Group boosted their price objective on Corning from $196.00 to $201.00 and gave the stock a “buy” rating in a report on Monday. Finally, Mizuho reduced their target price on shares of Corning from $210.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 15th. Twelve equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $174.87.

Get Our Latest Research Report on Corning

Corning Trading Up 2.5%

Corning stock traded up $3.81 during midday trading on Friday, hitting $156.64. 3,781,995 shares of the stock were exchanged, compared to its average volume of 12,028,860. The stock has a market capitalization of $134.93 billion, a PE ratio of 71.51, a P/E/G ratio of 2.08 and a beta of 1.13. The company has a fifty day simple moving average of $155.41 and a two-hundred day simple moving average of $168.64. 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 Incorporated has a 52 week low of $77.39 and a 52 week high of $271.78.

Corning (NYSE:GLW – Get Free Report) last posted its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.02. The company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.63 billion. Corning had a net margin of 11.20% and a return on equity of 20.09%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Equities research analysts anticipate that Corning Incorporated will post 3.28 EPS for the current fiscal year.

Corning Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 13th will be given a $0.28 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. Corning’s payout ratio is currently 51.14%.

Corning Company Profile

(Free Report)

Corning Incorporated (NYSE: GLW) is a global materials science and technology company headquartered in Corning, New York. Founded in 1851, the company develops specialized glass, ceramics and optical technologies for customers in the communications, consumer electronics, automotive, life sciences and industrial markets.

Its Optical Communications segment supplies fiber, cable, hardware and related solutions used in telecommunications and data center networks. Corning also produces glass substrates for flat-panel displays, including televisions, monitors and other electronic devices, as well as specialty cover glass such as Gorilla Glass for mobile devices and other consumer electronics.

Additional products include automotive emissions-control substrates and filters, pharmaceutical and laboratory glassware, and advanced glass and ceramic materials used in semiconductor, aerospace, environmental and other applications.