Baader Bank Aktiengesellschaft Has $1.14 Million Stock Holdings in Corning Incorporated $GLW

Baader Bank Aktiengesellschaft boosted its position in shares of Corning Incorporated (NYSE:GLW) by 179.2% during the 1st quarter, HoldingsChannel reports. The fund owned 8,471 shares of the electronics maker’s stock after buying an additional 5,437 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Corning were worth $1,144,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GLW. Andra AP fonden grew its holdings in shares of Corning by 429.5% during the 1st quarter. Andra AP fonden now owns 135,750 shares of the electronics maker’s stock worth $18,458,000 after purchasing an additional 110,112 shares in the last quarter. Wilkerson Advisory Group LLC raised its stake in shares of Corning by 47.5% in the first quarter. Wilkerson Advisory Group LLC now owns 3,712 shares of the electronics maker’s stock valued at $505,000 after purchasing an additional 1,196 shares in the last quarter. Madison Asset Management LLC acquired a new position in shares of Corning in the first quarter valued at $217,000. Cassaday & Co Wealth Management LLC bought a new position in Corning in the first quarter worth $151,000. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in Corning by 591.8% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 33,787 shares of the electronics maker’s stock worth $4,594,000 after buying an additional 28,903 shares in the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Stock Down 1.1%

Shares of GLW opened at $152.97 on Tuesday. The business’s fifty day moving average price is $191.73 and its two-hundred day moving average price is $153.75. The firm has a market capitalization of $131.65 billion, a price-to-earnings ratio of 73.19, a PEG ratio of 2.03 and a beta of 1.09. Corning Incorporated has a 52 week low of $53.29 and a 52 week high of $271.78. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61.

Corning (NYSE:GLW) last released its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The company had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, analysts predict that Corning Incorporated will post 3.18 earnings per share for the current year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, August 31st. Corning’s payout ratio is currently 53.59%.

Insider Activity

In other Corning news, SVP Michaune D. Tillman sold 3,260 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $207.02, for a total transaction of $674,885.20. Following the transaction, the senior vice president directly owned 10,174 shares in the company, valued at approximately $2,106,221.48. This represents a 24.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Wendell P. Weeks sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the completion of the transaction, the chief executive officer directly owned 908,353 shares in the company, valued at $169,371,500.38. This trade represents a 9.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 160,655 shares of company stock worth $30,692,560. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GLW shares. Bank of America boosted their price target on shares of Corning from $223.00 to $243.00 and gave the company a “buy” rating in a report on Monday, July 6th. Morgan Stanley set a $180.00 price objective on shares of Corning in a report on Friday, May 8th. Susquehanna lifted their target price on shares of Corning from $125.00 to $180.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Corning in a research note on Friday, May 15th. Finally, Citigroup increased their price target on shares of Corning from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $194.69.

Corning 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.