Corning Incorporated $GLW Shares Purchased by City Holding Co.

City Holding Co. boosted its position in Corning Incorporated (NYSE:GLW) by 167.5% in the 3rd quarter, Holdings Channel reports. The fund owned 14,059 shares of the electronics maker’s stock after purchasing an additional 8,804 shares during the period. City Holding Co.’s holdings in Corning were worth $1,153,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GLW. Vista Investment Partners LLC grew its position in shares of Corning by 1.3% in the third quarter. Vista Investment Partners LLC now owns 9,496 shares of the electronics maker’s stock valued at $779,000 after purchasing an additional 119 shares during the period. Sapient Capital LLC grew its holdings in Corning by 2.2% in the 3rd quarter. Sapient Capital LLC now owns 5,626 shares of the electronics maker’s stock valued at $452,000 after buying an additional 120 shares during the period. Sivia Capital Partners LLC grew its holdings in Corning by 1.6% in the 3rd quarter. Sivia Capital Partners LLC now owns 7,740 shares of the electronics maker’s stock valued at $635,000 after buying an additional 124 shares during the period. Fiduciary Alliance LLC increased its stake in shares of Corning by 0.7% during the 3rd quarter. Fiduciary Alliance LLC now owns 18,474 shares of the electronics maker’s stock valued at $1,515,000 after acquiring an additional 137 shares during the last quarter. Finally, Old North State Wealth Management LLC lifted its holdings in shares of Corning by 0.4% during the 3rd quarter. Old North State Wealth Management LLC now owns 40,468 shares of the electronics maker’s stock worth $3,320,000 after acquiring an additional 143 shares during the period. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GLW. Mizuho set a $97.00 price target on shares of Corning in a research report on Wednesday, October 29th. Susquehanna boosted their price objective on shares of Corning from $75.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. Wall Street Zen downgraded Corning from a “strong-buy” rating to a “hold” rating in a report on Saturday, September 13th. UBS Group reiterated a “buy” rating and issued a $109.00 target price (up previously from $100.00) on shares of Corning in a report on Friday, November 21st. Finally, Oppenheimer set a $100.00 price target on Corning and gave the company an “outperform” rating in a research report on Wednesday, October 29th. One equities research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.09.

Corning Price Performance

Shares of NYSE GLW opened at $88.71 on Tuesday. 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 Incorporated has a 1-year low of $37.31 and a 1-year high of $96.64. The company has a market capitalization of $76.06 billion, a price-to-earnings ratio of 56.15, a PEG ratio of 1.65 and a beta of 1.13. The business has a 50-day moving average of $86.58 and a 200-day moving average of $74.77.

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

Corning Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 14th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, November 14th. Corning’s dividend payout ratio (DPR) is presently 70.89%.

Insider Activity

In other Corning news, CFO Edward A. Schlesinger sold 20,893 shares of the business’s stock in a transaction on 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 owned 66,959 shares in the company, valued at $6,110,008.75. The trade was a 23.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Lewis A. Steverson sold 23,142 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $89.05, for a total value of $2,060,795.10. Following the sale, the executive vice president owned 17,575 shares of the company’s stock, valued at $1,565,053.75. This represents a 56.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 156,135 shares of company stock worth $14,088,769. Corporate insiders own 0.40% of the company’s stock.

About Corning

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.