3,805 Corning Incorporated $GLW Shares Sold by O Keefe Stevens Advisory Inc.

09 Oct 2026, 17:44 by Danessa Lincoln · The Markets Daily

O Keefe Stevens Advisory Inc. decreased its holdings in shares of Corning Incorporated (NYSE:GLW – Free Report) by 2.5% in the 3rd quarter, HoldingsChannel.com reports. 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 portfolio, making the stock its 4th biggest position. O Keefe Stevens Advisory Inc.’s holdings in Corning were worth $23,074,000 as of its most recent SEC filing.

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 in the second quarter valued at about $4,474,000. Principal Financial Group Inc. increased its position in shares of Corning by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 893,451 shares of the electronics maker’s stock worth $121,483,000 after purchasing an additional 10,591 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of Corning by 36.2% in the 1st quarter. Wealthfront Advisers LLC now owns 92,425 shares of the electronics maker’s stock valued at $12,567,000 after buying an additional 24,589 shares during the last quarter. Silverlake Wealth Management LLC bought a new position in shares of Corning in the second quarter valued at $1,872,000. Finally, Atlas Wealth LLC increased its holdings in Corning by 137.8% during the first quarter. Atlas Wealth LLC now owns 12,076 shares of the electronics maker’s stock worth $1,642,000 after buying an additional 6,998 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Stock Performance

Shares of NYSE:GLW traded up $3.81 on Friday, reaching $156.64. 3,781,995 shares of the company’s stock were exchanged, compared to its average volume of 12,028,860. Corning Incorporated has a twelve month low of $77.39 and a twelve month high of $271.78. The company has a fifty day moving average of $155.41 and a 200-day moving average of $168.64. The company has a market capitalization of $134.93 billion, a price-to-earnings ratio of 71.51, a PEG ratio of 2.08 and a beta of 1.13. 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 – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%.The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the company earned $0.60 EPS. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, research analysts predict that Corning Incorporated will post 3.28 EPS for the current fiscal year.

Corning Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, November 13th. Corning’s dividend payout ratio (DPR) is presently 51.14%.

Insiders Place Their Bets

In other Corning news, EVP Lewis Steverson sold 13,100 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the sale, the executive vice president owned 15,052 shares of the company’s stock, 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 SEC, which can be accessed through the SEC website. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GLW has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Corning from a “buy” rating to a “hold” rating in a research report on Monday, August 24th. Truist Financial lifted their target price on Corning from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Friday, October 2nd. Oppenheimer cut their price target on Corning from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, July 29th. The Goldman Sachs Group reiterated an “outperform” rating on shares of Corning in a report on Tuesday, September 15th. Finally, Barclays reduced their target price on shares of Corning from $180.00 to $129.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. Twelve analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.87.

Get Our Latest Report on GLW

Key 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

About Corning

(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.