Corning Incorporated $GLW Shares Acquired by Swedbank AB

Swedbank AB lifted its stake in Corning Incorporated (NYSE:GLW) by 17.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,976 shares of the electronics maker’s stock after buying an additional 12,971 shares during the quarter. Swedbank AB’s holdings in Corning were worth $7,217,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GLW. REAP Financial Group LLC boosted its position in Corning by 191.5% in the 2nd quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 339 shares in the last quarter. Total Investment Management Inc. acquired a new position in shares of Corning in the 2nd quarter valued at $28,000. Banque Transatlantique SA purchased a new stake in Corning during the first quarter worth $34,000. Resources Management Corp CT ADV grew its position in Corning by 66.7% during the first quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock valued at $34,000 after buying an additional 300 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Corning in the second quarter valued at $36,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Corning

In other news, CFO Edward A. Schlesinger sold 20,893 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $91.25, for a total value of $1,906,486.25. Following the transaction, the chief financial officer directly owned 66,959 shares of the company’s stock, valued at approximately $6,110,008.75. This trade represents a 23.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Lewis A. Steverson sold 23,142 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $89.05, for a total transaction of $2,060,795.10. Following the sale, the executive vice president directly owned 17,575 shares of the company’s stock, valued at approximately $1,565,053.75. This represents a 56.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 156,135 shares of company stock valued at $14,088,769. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

GLW has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Saturday, September 13th. Argus increased their price target on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Oppenheimer set a $100.00 price objective on Corning and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Morgan Stanley increased their target price on Corning from $82.00 to $98.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Finally, Mizuho set a $97.00 price target on shares of Corning in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.09.

Corning Stock Performance

NYSE GLW opened at $89.58 on Friday. The company has a market cap of $76.80 billion, a PE ratio of 56.69, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The stock’s 50 day simple moving average is $86.31 and its 200-day simple moving average is $72.99. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $96.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 1.00.

Corning (NYSE:GLW) last issued its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. Corning had a return on equity of 18.12% and a net margin of 9.16%.The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same period in the previous year, the business earned $0.54 earnings per share. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. As a group, equities research analysts anticipate that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 14th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, November 14th. Corning’s dividend payout ratio is 70.89%.

Corning Company Profile

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.