Diversified Trust Co Raises Stock Position in Corning Incorporated $GLW

Diversified Trust Co lifted its stake in Corning Incorporated (NYSE:GLW) by 123.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,115 shares of the electronics maker’s stock after purchasing an additional 15,548 shares during the period. Diversified Trust Co’s holdings in Corning were worth $2,306,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. REAP Financial Group LLC lifted its holdings in Corning by 191.5% in the second quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock worth $27,000 after buying an additional 339 shares during the period. Total Investment Management Inc. bought a new position in shares of Corning in the 2nd quarter worth approximately $28,000. Financial Management Professionals Inc. lifted its stake in shares of Corning by 111.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 200 shares during the period. Banque Transatlantique SA purchased a new position in shares of Corning in the 1st quarter valued at approximately $34,000. Finally, Resources Management Corp CT ADV boosted its position in shares of Corning by 66.7% during the first 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 in the last quarter. Institutional investors own 69.80% of the company’s stock.

Corning Stock Down 0.2%

NYSE:GLW opened at $88.82 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.56. The firm has a market cap of $76.15 billion, a P/E ratio of 56.21, a P/E/G ratio of 1.95 and a beta of 1.11. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $96.64. The firm has a 50-day simple moving average of $86.43 and a two-hundred day simple moving average of $73.70.

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

Corning Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Eric S. Musser sold 100,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $90.17, for a total value of $9,017,000.00. Following the completion of the transaction, the insider owned 44,926 shares in the company, valued at $4,050,977.42. The trade was a 69.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Stefan Becker sold 12,100 shares of the stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $91.28, for a total value of $1,104,488.00. Following the sale, the senior vice president directly owned 5,049 shares in the company, valued at $460,872.72. This trade represents a 70.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 156,135 shares of company stock worth $14,088,769 in the last 90 days. 0.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on GLW. Morgan Stanley raised their price objective on Corning from $82.00 to $98.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Argus lifted their price target on shares of Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Citigroup boosted their price objective on shares of Corning from $93.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. UBS Group reaffirmed a “buy” rating and set a $109.00 target price (up previously from $100.00) on shares of Corning in a research note on Friday, November 21st. Finally, Oppenheimer set a $100.00 price target on Corning and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.09.

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.