Blair William & Co. IL Trims Stock Holdings in Corning Incorporated $GLW

Blair William & Co. IL lessened its position in shares of Corning Incorporated (NYSE:GLW) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 275,142 shares of the electronics maker’s stock after selling 11,078 shares during the quarter. Blair William & Co. IL’s holdings in Corning were worth $22,570,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GLW. Vanguard Group Inc. lifted its stake in Corning by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 98,702,639 shares of the electronics maker’s stock valued at $8,096,577,000 after acquiring an additional 750,530 shares during the period. State Street Corp raised its stake in shares of Corning by 1.4% during the 2nd quarter. State Street Corp now owns 36,568,973 shares of the electronics maker’s stock valued at $1,923,162,000 after buying an additional 509,013 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Corning by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 19,443,525 shares of the electronics maker’s stock valued at $1,018,629,000 after buying an additional 112,739 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Corning by 8.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker’s stock valued at $724,432,000 after buying an additional 1,036,988 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Corning in the 2nd quarter valued at about $534,936,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Corning Stock Performance

GLW opened at $123.21 on Monday. The firm’s fifty day simple moving average is $113.50 and its two-hundred day simple moving average is $93.20. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $162.10. The company has a market cap of $105.71 billion, a price-to-earnings ratio of 66.96, a PEG ratio of 2.13 and a beta of 1.04. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last released its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.9%. Corning’s dividend payout ratio is presently 60.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Mizuho set a $145.00 price objective on shares of Corning in a research note on Monday, February 23rd. Citigroup raised their target price on Corning from $120.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Morgan Stanley lifted their price target on Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Zacks Research cut Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, Oppenheimer set a $120.00 price target on Corning in a research report on Thursday, January 29th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.42.

Insiders Place Their Bets

In related news, SVP Li Fang sold 9,797 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total value of $1,112,057.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lewis A. Steverson sold 15,366 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total value of $2,000,960.52. Following the completion of the transaction, the executive vice president owned 3,461 shares in the company, valued at $450,691.42. The trade was a 81.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 233,201 shares of company stock valued at $32,614,558. 0.32% of the stock is owned by corporate insiders.

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.