City Holding Co. Increases Position in Corning Incorporated $GLW

City Holding Co. lifted its holdings in shares of Corning Incorporated (NYSE:GLW) by 167.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,059 shares of the electronics maker’s stock after buying an additional 8,804 shares during the period. City Holding Co.’s holdings in Corning were worth $1,153,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after purchasing an additional 2,114 shares during the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in shares of Corning during the first quarter worth $729,000. AQR Capital Management LLC grew its position in Corning by 46.5% in the 1st quarter. AQR Capital Management LLC now owns 645,877 shares of the electronics maker’s stock valued at $28,638,000 after buying an additional 205,137 shares during the last quarter. Alliancebernstein L.P. increased its stake in Corning by 8.3% in the 1st quarter. Alliancebernstein L.P. now owns 1,204,732 shares of the electronics maker’s stock valued at $55,153,000 after buying an additional 92,809 shares during the period. Finally, Integrated Wealth Concepts LLC raised its position in Corning by 10.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 56,865 shares of the electronics maker’s stock worth $2,603,000 after buying an additional 5,362 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GLW shares. Barclays lifted their target price on shares of Corning from $65.00 to $83.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Argus lifted their price objective on Corning from $68.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Wall Street Zen cut Corning from a “strong-buy” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Corning in a report on Monday, December 29th. Finally, Citigroup lifted their price target on Corning from $93.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.09.

Insider Buying and Selling

In related news, EVP Lewis A. Steverson sold 23,142 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $89.05, for a total value of $2,060,795.10. Following the sale, the executive vice president owned 17,575 shares of the company’s stock, valued at approximately $1,565,053.75. This represents a 56.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric S. Musser sold 100,000 shares of the firm’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 transaction, the insider directly owned 44,926 shares of the company’s stock, valued at $4,050,977.42. The trade was a 69.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 156,135 shares of company stock valued at $14,088,769. 0.40% of the stock is currently owned by company insiders.

Corning Trading Down 2.2%

Shares of GLW stock opened at $88.71 on Tuesday. The stock has a market cap of $76.06 billion, a P/E ratio of 56.15, a P/E/G ratio of 1.65 and a beta of 1.13. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 0.62. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $96.64. The business has a fifty day simple moving average of $86.58 and a 200-day simple moving average of $74.77.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $4.24 billion. During the same period in the prior year, the company earned $0.54 EPS. The firm’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. On average, analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 14th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, November 14th. Corning’s payout ratio is currently 70.89%.

Corning Company 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.