Danske Bank A S Buys Shares of 410,055 Corning Incorporated $GLW

Danske Bank A S bought a new position in Corning Incorporated (NYSE:GLW) in the 3rd quarter, Holdings Channel.com reports. The fund bought 410,055 shares of the electronics maker’s stock, valued at approximately $33,637,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Corning in the 3rd quarter valued at $25,000. Strengthening Families & Communities LLC acquired a new position in Corning during the third quarter worth $27,000. Total Investment Management Inc. acquired a new position in Corning during the second quarter worth $28,000. Cornerstone Planning Group LLC raised its holdings in Corning by 58.5% during the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after buying an additional 124 shares in the last quarter. Finally, Financial Management Professionals Inc. raised its holdings in Corning by 111.1% during the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after buying an additional 200 shares in the last quarter. Institutional investors own 69.80% of the company’s stock.

Insider Buying and Selling

In related news, CEO Wendell P. Weeks sold 137,514 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $155.37, for a total value of $21,365,550.18. Following the sale, the chief executive officer owned 750,585 shares of the company’s stock, valued at $116,618,391.45. The trade was a 15.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Lewis A. Steverson sold 15,366 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the completion of the transaction, the executive vice president directly owned 3,461 shares of the company’s stock, valued at $450,691.42. This trade represents a 81.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 233,201 shares of company stock worth $32,614,558. Insiders own 0.40% of the company’s stock.

Corning Price Performance

Shares of GLW stock opened at $129.74 on Thursday. The stock has a 50 day moving average of $120.26 and a two-hundred day moving average of $96.60. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $162.10. The company has a market capitalization of $111.31 billion, a P/E ratio of 70.51, a P/E/G ratio of 2.05 and a beta of 1.05.

Corning (NYSE:GLW) last released its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $4.41 billion for 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%.Corning’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, equities analysts expect 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 issued 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 payout ratio is 60.87%.

Analyst Ratings Changes

Several analysts have recently issued reports on GLW shares. Fox Advisors downgraded Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. UBS Group upped their price objective on shares of Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Oppenheimer set a $120.00 target price on shares of Corning in a research note on Thursday, January 29th. Morgan Stanley lifted their target price on shares of Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Finally, Citigroup upped their price target on shares of Corning from $120.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.75.

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.