Corning Incorporated $GLW Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its holdings in shares of Corning Incorporated (NYSE:GLW) by 3.9% in the 3rd quarter, Holdings Channel reports. The fund owned 275,142 shares of the electronics maker’s stock after selling 11,078 shares during the quarter. Blair William & Co. IL’s holdings in Corning were worth $22,570,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GLW. Strengthening Families & Communities LLC acquired a new position in shares of Corning during the 3rd quarter worth approximately $27,000. Total Investment Management Inc. acquired a new stake in shares of Corning in the second quarter valued at approximately $28,000. Cornerstone Planning Group LLC increased its holdings in shares of Corning by 58.5% in the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 124 shares during the last quarter. Financial Management Professionals Inc. lifted its position in Corning by 111.1% during the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock worth $31,000 after buying an additional 200 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Corning during the second quarter worth approximately $36,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Stock Performance

Shares of GLW stock opened at $123.21 on Monday. Corning Incorporated has a one year low of $37.31 and a one year high of $162.10. The firm’s 50 day moving average price is $113.50 and its 200-day moving average price is $93.20. The firm has a market cap of $105.71 billion, a P/E ratio of 66.96, a P/E/G ratio of 2.13 and a beta of 1.04. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59.

Corning (NYSE:GLW) last issued its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, equities research analysts predict that Corning Incorporated will post 2.33 EPS for the current year.

Corning Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 27th. Corning’s dividend payout ratio (DPR) is currently 60.87%.

Wall Street Analyst Weigh In

Several analysts have issued reports on GLW shares. Morgan Stanley upped their target price on Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Zacks Research lowered Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. raised their price objective on shares of Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings raised shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Corning presently has an average rating of “Moderate Buy” and a consensus target price of $125.42.

Insider Activity

In related news, CEO Wendell P. Weeks sold 137,514 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the transaction, the chief executive officer directly owned 750,585 shares of the company’s stock, valued at $116,618,391.45. The trade was a 15.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Li Fang sold 9,797 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total value of $1,112,057.47. The SEC filing for this sale provides additional information. Insiders sold a total of 233,201 shares of company stock worth $32,614,558 over the last three months. Company insiders own 0.32% 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.