Conning Inc. Sells 184,221 Shares of Corning Incorporated $GLW

Posted by Francis Steltz on Oct 30th, 2026

Conning Inc. trimmed its position in Corning Incorporated (NYSE:GLW – Free Report) by 98.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,599 shares of the electronics maker’s stock after selling 184,221 shares during the period. Conning Inc.’s holdings in Corning were worth $553,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Alliance Wealth Advisors LLC lifted its position in Corning by 1.4% during the second quarter. Alliance Wealth Advisors LLC now owns 4,045 shares of the electronics maker’s stock valued at $1,033,000 after buying an additional 56 shares during the period. Ares Financial Consulting LLC grew its position in shares of Corning by 15.6% in the 2nd quarter. Ares Financial Consulting LLC now owns 444 shares of the electronics maker’s stock worth $113,000 after buying an additional 60 shares during the period. Signature Equity Partners LLC grew its position in shares of Corning by 19.3% in the 1st quarter. Signature Equity Partners LLC now owns 383 shares of the electronics maker’s stock worth $52,000 after buying an additional 62 shares during the period. Beirne Wealth Consulting Services LLC grew its position in shares of Corning by 0.8% in 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 grew its position in shares of Corning by 0.7% in the 1st quarter. Balefire LLC now owns 9,595 shares of the electronics maker’s stock worth $1,305,000 after buying an additional 65 shares during the period. Institutional investors own 69.80% of the company’s stock.

Corning Trading Down 1.8%

Shares of NYSE GLW opened at $128.87 on Friday. The firm’s 50 day moving average price is $148.45 and its 200-day moving average price is $154.79. Corning Incorporated has a 52-week low of $77.39 and a 52-week high of $271.78. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.72. The company has a market cap of $111.01 billion, a PE ratio of 52.17, a P/E/G ratio of 1.62 and a beta of 1.13.

Corning (NYSE:GLW – Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The electronics maker reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.03. Corning had a net margin of 12.13% and a return on equity of 20.83%. The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter last year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, equities research analysts expect that Corning Incorporated will post 3.36 EPS for the current fiscal year.

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, November 13th. Corning’s dividend payout ratio (DPR) is currently 45.34%.

Insider Buying and Selling

In other Corning news, EVP Lewis Steverson sold 13,100 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the sale, the executive vice president directly owned 15,052 shares in the company, valued at approximately $2,277,217.08. This trade represents a 46.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GLW shares. Morgan Stanley decreased their price target on shares of Corning from $165.00 to $155.00 and set an “equal weight” rating for the company in a research note on Wednesday. Sanford C. Bernstein began coverage on shares of Corning in a research note on Wednesday, September 30th. They set a “market perform” rating and a $140.00 price objective on the stock. Citigroup restated a “buy” rating on shares of Corning in a report on Tuesday. Barclays raised their target price on shares of Corning from $129.00 to $132.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Corning has a consensus rating of “Moderate Buy” and a consensus price target of $175.81.

Get Our Latest Research Report on GLW

More Corning News

Here are the key news stories impacting Corning this week:

Positive Sentiment: AI-driven growth is accelerating. Third-quarter sales increased 19%, while Optical Communications revenue reportedly rose 44%. Core earnings climbed 36%, supported by strong demand for fiber and optical components used in AI data centers. Corning Q3 Sales Jump 19% as AI Optical Demand and Margins Accelerate
Positive Sentiment: Profitability and guidance improved. Gross margin expanded to approximately 40.5% and operating margin reached 22.7%. The earnings beat and upbeat fourth-quarter outlook reinforce expectations for continued earnings growth. Buy Corning on Solid Q3 Earnings, Guidance and AI Photonics Space Rally
Positive Sentiment: Long-term demand catalysts remain intact. Major customer agreements and customer-funded capacity expansion could support Corning’s production growth. A shift from copper to optical connectivity may substantially increase fiber demand per AI processor. The Invisible AI Backbone: Corning’s AI Fiber Play
Positive Sentiment: Some analysts see value after the pullback. Truist reaffirmed its “buy” rating with a $175 price target, implying substantial upside from the referenced price level. Truist Corning rating
Neutral Sentiment: Analyst opinion is mixed. Morgan Stanley maintained an “equal weight” rating while cutting its price target to $155 from $165, indicating that further valuation gains depend on sustained margin expansion. Morgan Stanley Corning rating
Negative Sentiment: Valuation and sentiment remain headwinds. Corning’s recent decline reflects profit-taking and high expectations following its AI-related rally. With a high earnings multiple, investors may demand additional evidence that revenue growth will translate into durable profits. Corning Falls 14.1% in the Past Month
Negative Sentiment: Trading flows have been unfavorable. Exchange-traded funds were net sellers of GLW, adding near-term supply pressure and contributing to the stock’s weakness despite the positive earnings narrative. ETFs Are Net Sellers of Corning

About Corning

(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.