Independent Financial Group LLC Buys New Position in Corning Incorporated $GLW

Posted by George Bondi on Jul 19th, 2026

Independent Financial Group LLC bought a new stake in Corning Incorporated (NYSE:GLW – Free Report) during the first quarter, Holdings Channel.com reports. The fund bought 18,423 shares of the electronics maker’s stock, valued at approximately $2,505,000.

Several other institutional investors also recently added to or reduced their stakes in GLW. Merit Financial Group LLC raised its position in shares of Corning by 16.9% during the fourth quarter. Merit Financial Group LLC now owns 45,001 shares of the electronics maker’s stock valued at $3,940,000 after buying an additional 6,493 shares during the last quarter. Security National Bank lifted its stake in shares of Corning by 340.4% in the fourth quarter. Security National Bank now owns 72,523 shares of the electronics maker’s stock valued at $6,350,000 after buying an additional 56,056 shares during the period. Wealthfront Advisers LLC grew its position in Corning by 36.2% during the first quarter. Wealthfront Advisers LLC now owns 92,425 shares of the electronics maker’s stock worth $12,567,000 after buying an additional 24,589 shares in the last quarter. Principal Financial Group Inc. increased its stake in Corning by 1.2% during the first quarter. Principal Financial Group Inc. now owns 893,451 shares of the electronics maker’s stock valued at $121,483,000 after acquiring an additional 10,591 shares during the period. Finally, Three Seasons Wealth LLC bought a new position in Corning during the fourth quarter valued at about $1,750,000. 69.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on GLW. UBS Group set a $243.00 price objective on Corning in a research report on Monday, July 6th. Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a research note on Friday, May 15th. Citigroup raised their target price on Corning from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Finally, Susquehanna lifted their price target on shares of Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $194.69.

Get Our Latest Research Report on Corning

Insider Transactions at Corning

In other news, VP John Z. Zhang sold 10,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $198.34, for a total value of $1,983,400.00. Following the sale, the vice president owned 5,138 shares in the company, valued at approximately $1,019,070.92. The trade was a 66.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Soumya Seetharam sold 20,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $206.23, for a total transaction of $4,124,600.00. Following the completion of the sale, the senior vice president directly owned 25,570 shares in the company, valued at approximately $5,273,301.10. The trade was a 43.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 160,655 shares of company stock valued at $30,692,560. 0.25% of the stock is owned by insiders.

Corning Stock Down 2.5%

Shares of GLW opened at $154.47 on Friday. The stock has a market cap of $132.94 billion, a price-to-earnings ratio of 73.91, a P/E/G ratio of 2.03 and a beta of 1.09. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 12 month low of $53.29 and a 12 month high of $271.78. The company has a 50-day moving average price of $192.81 and a two-hundred day moving average price of $152.85.

Corning (NYSE:GLW – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The company had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the company posted $0.54 EPS. The company’s revenue was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Equities analysts predict that Corning Incorporated will post 3.18 EPS for the current fiscal year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, August 31st. Corning’s dividend payout ratio is 53.59%.

Corning Company Profile

(Free Report)

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.