4,824 Corning Incorporated $GLW Shares Purchased by RFG Bristol Wealth Advisors LLC

RFG Bristol Wealth Advisors LLC lifted its holdings in shares of Corning Incorporated (NYSE:GLW) by 77.1% in the 3rd quarter, Holdings Channel reports. The firm owned 11,077 shares of the electronics maker’s stock after acquiring an additional 4,824 shares during the period. RFG Bristol Wealth Advisors LLC’s holdings in Corning were worth $1,703,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GLW. GK Wealth Management LLC raised its stake in Corning by 42.9% in the third quarter. GK Wealth Management LLC now owns 1,692 shares of the electronics maker’s stock valued at $260,000 after purchasing an additional 508 shares in the last quarter. Avaii Wealth Management LLC grew its stake in Corning by 9.9% in the 3rd quarter. Avaii Wealth Management LLC now owns 55,494 shares of the electronics maker’s stock worth $9,112,000 after buying an additional 4,981 shares in the last quarter. Wedmont Private Capital increased its holdings in shares of Corning by 7.9% in the 3rd quarter. Wedmont Private Capital now owns 10,749 shares of the electronics maker’s stock worth $1,643,000 after buying an additional 788 shares during the last quarter. Journey Retirement Planning & Investment Management LLC increased its holdings in shares of Corning by 76.3% in the 3rd quarter. Journey Retirement Planning & Investment Management LLC now owns 3,018 shares of the electronics maker’s stock worth $464,000 after buying an additional 1,306 shares during the last quarter. Finally, Central Bank & Trust Co. raised its position in shares of Corning by 55.0% during the 3rd quarter. Central Bank & Trust Co. now owns 22,322 shares of the electronics maker’s stock valued at $3,432,000 after buying an additional 7,917 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: AI infrastructure demand is a key bullish theme. Analysts identify Corning’s optical fiber and communications components as beneficiaries of expanding data-center and high-speed networking investment, with rising backlogs potentially supporting future revenue growth. Buy GLW and CIEN to Gain More on AI Communication Component Space Rally
• Positive Sentiment: Growth-focused coverage continues to highlight Corning as a long-term opportunity because of its specialized glass and optical-fiber businesses serving major technology customers. Its recent earnings also showed strong momentum, with revenue up 17.1% year over year and earnings exceeding estimates. Why Corning Is a Top Growth Stock for the Long Term
• Positive Sentiment: Truist raised its price target on GLW from $175 to $182, signaling increased confidence in the company’s outlook. Corning also declared a $0.28 quarterly dividend, maintaining shareholder returns, although the indicated yield is modest at approximately 0.7%. Truist Raises Target for Corning
• Neutral Sentiment: Investors are awaiting Corning’s third-quarter 2026 results and guidance for evidence that AI-driven demand is translating into sustained growth. The company previously guided to third-quarter EPS of $0.85–$0.89. Corning Q3 2026 Earnings Expectations
• Neutral Sentiment: Bernstein reaffirmed a Hold rating, suggesting the expected growth may already be reflected in the stock’s valuation. Corning trades at a high earnings multiple, increasing sensitivity to any slowdown or disappointing guidance. Bernstein Reaffirms Hold Rating
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Corning investors. Although the announcement does not establish wrongdoing, it adds headline and litigation risk that could weigh on sentiment. Pomerantz Investor Investigation

Corning Trading Up 2.5%

Shares of GLW traded up $3.79 during mid-day trading on Friday, reaching $156.62. The company’s stock had a trading volume of 6,665,620 shares, compared to its average volume of 12,044,563. Corning Incorporated has a 52 week low of $77.39 and a 52 week high of $271.78. The stock has a market cap of $134.91 billion, a PE ratio of 71.51, a P/E/G ratio of 2.08 and a beta of 1.13. The company’s fifty day moving average price is $155.77 and its two-hundred day moving average price is $168.56. The company has a current ratio of 1.81, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59.

Corning (NYSE:GLW) last released its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, beating 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 firm’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 EPS. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, analysts predict that Corning Incorporated will post 3.28 earnings per share 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 dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, November 13th. Corning’s dividend payout ratio (DPR) is 51.14%.

Insider Activity at Corning

In other news, EVP Lewis Steverson sold 13,100 shares of Corning 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 transaction, the executive vice president owned 15,052 shares in the company, valued at approximately $2,277,217.08. The trade was a 46.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group reaffirmed an “outperform” rating on shares of Corning in a report on Tuesday, September 15th. Truist Financial raised their price target on Corning from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. JPMorgan Chase & Co. lowered their price target on Corning from $200.00 to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Oppenheimer dropped their price target on Corning from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. Finally, Wall Street Zen cut Corning from a “buy” rating to a “hold” rating in a report on Monday, August 24th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $177.56.

About Corning

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.