Corning Incorporated $GLW Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. reduced its stake in shares of Corning Incorporated (NYSE:GLW) by 18.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,986 shares of the electronics maker’s stock after selling 31,381 shares during the period. Baird Financial Group Inc.’s holdings in Corning were worth $7,257,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GLW. REAP Financial Group LLC lifted its position in shares of Corning by 191.5% in the second quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 339 shares in the last quarter. Banque Transatlantique SA purchased a new stake in Corning during the 1st quarter worth about $34,000. Resources Management Corp CT ADV raised its stake in Corning by 66.7% in the 1st quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock valued at $34,000 after purchasing an additional 300 shares during the last quarter. Gen Wealth Partners Inc lifted its holdings in Corning by 151.7% in the 1st quarter. Gen Wealth Partners Inc now owns 755 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 455 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Corning during the 2nd quarter worth about $36,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wall Street Zen downgraded 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 note on Wednesday, October 29th. Zacks Research cut Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. JPMorgan Chase & Co. upped their target price on Corning from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Mizuho set a $97.00 price target on 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’s stock. According to MarketBeat, Corning has a consensus rating of “Moderate Buy” and a consensus price target of $91.64.

Insider Activity

In related news, SVP Jaymin Amin sold 17,721 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $77.18, for a total value of $1,367,706.78. Following the completion of the sale, the senior vice president directly owned 88,722 shares in the company, valued at approximately $6,847,563.96. This represents a 16.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Stefan Becker sold 12,100 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total value of $1,104,488.00. Following the transaction, the senior vice president owned 5,049 shares in the company, valued at approximately $460,872.72. This represents a 70.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 173,856 shares of company stock worth $15,456,476 in the last quarter. Insiders own 0.32% of the company’s stock.

Corning Stock Performance

NYSE GLW opened at $88.18 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 $92.57. The firm has a market capitalization of $75.60 billion, a P/E ratio of 55.81, a P/E/G ratio of 1.88 and a beta of 1.11. The business’s 50-day simple moving average is $85.04 and its 200-day simple moving average is $69.28.

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

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 14th will be paid 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 of this dividend is Friday, November 14th. Corning’s dividend payout ratio (DPR) is currently 70.89%.

About Corning

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.