12,326 Shares in Corning Incorporated $GLW Purchased by Meridian Financial Partners LLC

Posted by Brenda Bartman on Oct 25th, 2026

Meridian Financial Partners LLC purchased a new position in Corning Incorporated (NYSE:GLW – Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 12,326 shares of the electronics maker’s stock, valued at approximately $1,895,000.

Other institutional investors also recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP bought a new stake in shares of Corning in the third quarter valued at approximately $25,000. Kings Path Partners LLC acquired a new stake in shares of Corning in the third quarter worth $25,000. Atwood & Palmer Inc. acquired a new stake in shares of Corning in the second quarter worth $26,000. Rogco LP acquired a new stake in shares of Corning in the second quarter worth $27,000. Finally, Toth Financial Advisory Corp increased its position in Corning by 130.7% during the third quarter. Toth Financial Advisory Corp now owns 173 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 98 shares during the period. 69.80% of the stock is owned by institutional investors.

Corning Price Performance

Shares of Corning stock opened at $123.75 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81. The firm’s 50-day simple moving average is $150.96 and its 200-day simple moving average is $168.28. Corning Incorporated has a twelve month low of $77.39 and a twelve month high of $271.78. The firm has a market cap of $106.60 billion, a P/E ratio of 56.51, a price-to-earnings-growth ratio of 1.56 and a beta of 1.13.

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, beating analysts’ consensus estimates of $0.76 by $0.02. The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.63 billion. Corning had a net margin of 11.20% and a return on equity of 20.09%. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, research analysts expect that Corning Incorporated will post 3.30 EPS for the current fiscal year.

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 13th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th. Corning’s dividend payout ratio is currently 51.14%.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

Positive Sentiment: Corning’s presentation at the OCP Global Summit highlighted demand for optical fiber and high-density connectivity used in AI data centers. Long-term supply agreements with Amazon, NVIDIA, Meta and Verizon improve visibility for the Optical Communications business and could support future growth. Will AI Fiber Demand Change Corning’s Narrative
Positive Sentiment: Analyst estimates are rising ahead of third-quarter results, with AI-driven optical demand and major customer agreements viewed as potential earnings catalysts. Solar profitability recovery remains an important factor for the quarter. Is Corning Stock a Smart Investment Option Before Q3 Earnings Release?
Neutral Sentiment: Wall Street is closely focused on third-quarter revenue, earnings and operating metrics. Corning’s latest reported quarter exceeded consensus expectations, with revenue up 17.1% year over year, while current guidance calls for third-quarter EPS of $0.85 to $0.89. Unlocking Q3 Potential of Corning
Negative Sentiment: JPMorgan lowered its price target for Corning to $165, triggering renewed selling pressure. The reduction suggests the bank sees less near-term upside after the stock’s substantial multiyear rally, despite maintaining interest in the AI-fiber opportunity. JPMorgan Cuts Target for Corning Stock to USD 165
Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Corning investors. The announcement does not establish wrongdoing, but it adds headline and legal risk. Pomerantz Investor Alert

Insider Activity

In other news, EVP Lewis Steverson sold 13,100 shares of the stock in a transaction that occurred on 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 directly owned 15,052 shares of the company’s stock, valued at approximately $2,277,217.08. This represents a 46.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on GLW. Weiss Ratings cut shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. The Goldman Sachs Group reissued an “outperform” rating on shares of Corning in a report on Tuesday, September 15th. Oppenheimer decreased their price target on shares of Corning from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Barclays dropped their price objective 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. Finally, JPMorgan Chase & Co. cut their price objective on shares of Corning from $170.00 to $165.00 and set a “neutral” rating for the company in a research report on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Corning currently has an average rating of “Moderate Buy” and an average price target of $177.25.

Read Our Latest Stock Report on GLW

Corning Company Profile

(Free Report)

Corning Incorporated (NYSE: GLW) is a technology company that develops and manufactures specialty glass, ceramics and optical-fiber products. Its materials and engineering expertise support communications networks, consumer electronics, automotive systems, life sciences and other industrial applications.

The company’s products include optical fiber, cable and connectivity solutions used in telecommunications infrastructure; glass substrates for televisions, computer monitors and other displays; durable cover glass for mobile devices; emissions-control components for vehicles; laboratory glassware and consumables; and specialized glass and ceramic materials for scientific, industrial and semiconductor applications.

Founded in 1851 and headquartered in Corning, New York, the company serves customers through operations and facilities across North America, Europe, Asia and other international markets.