GLOBALT Investments LLC / GA 13F: Cuts GLW Stake by $2.8M

On October 27, 2026, GLOBALT Investments LLC cut its position in Corning Incorporated (GLW) by 18,168 shares, reducing its total holdings to 74,872 shares valued at approximately $11.5 million. This information comes from the fund's latest Form 13F filing with the SEC.

GLW Corning Incorporated

$126.30 ▲ +40.04% year to date

1M 3M YTD

Daily close · Oct 27, 2026

What Changed in GLOBALT Investments' Corning Position

GLOBALT Investments reduced its stake in Corning by 18,168 shares, which is a 19.5% decrease from its previous position of 93,040 shares. This reduction represents a change in value of about $2.79 million.

Where Corning Fits in GLOBALT's Portfolio

Corning now makes up 0.68% of GLOBALT's total reported portfolio, ranking 23rd among its 212 holdings.

Other Institutional Activity in Corning

Highland Capital Management reduced its holdings in Corning by 71,243 shares, ending with 6,140 shares valued at about $944,086. Wilmington Savings Fund Society, FSB cut its position by 22,613 shares, bringing its total to 263,298 shares worth approximately $40.5 million. RMR Wealth Builders decreased its stake by 5,426 shares, now holding 30,952 shares valued at about $4.76 million.

Corning Incorporated Stock Up 2.2%

Corning shares recently traded around $126.4, which is about equal to its closing price of $126.3 on October 27, 2026. The stock is currently below its 50-day moving average of $150.45 and its 200-day moving average of $154.87, reflecting a weaker performance. Additionally, Corning's shares are significantly lower than their 52-week high of $271.78, down about 53.5% from that peak.

Recent Earnings

Corning reported trailing twelve-month revenue of approximately $16.96 billion, with a net margin of 11.2% and return on equity of 16.8%. The next earnings report is expected in early 2027.

Dividend

Corning pays an annual dividend of $1.12 per share, which translates to a yield of 0.88%. The dividend payout ratio stands at 51.4%.

Insider Buying and Selling at Corning Incorporated

Several insiders have sold shares recently. Chief Executive Officer Wendell P. Weeks sold 100,000 shares on June 9, 2026, for approximately $18.65 million. Chief Technology Officer Jaymin Amin sold 27,395 shares on May 22, 2026, valued at about $5.26 million. These transactions occurred before the recent filing by GLOBALT Investments.

Analysts Set New Price Targets

On September 15, 2026, Mizuho maintained an "Outperform" rating on Corning with a price target of $180. Bernstein initiated coverage with a "Market Perform" rating and a target of $140 on September 30, 2026. The consensus among analysts is a strong buy with a mean price target of $187.41, suggesting potential upside from current levels.

About Corning

Corning Incorporated operates in various sectors including optical communications, display technologies, and specialty materials. It serves customers globally, which positions it well in the technology sector. The recent adjustments in institutional holdings reflect the ongoing interest and strategic shifts within the market.

Bottom Line

Investors should watch for Corning's next earnings report expected in early 2027 and any further filings from GLOBALT Investments. The recent changes in institutional positions indicate a dynamic environment for Corning as it navigates market challenges.