Corning Incorporated $GLW Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its stake in Corning Incorporated (NYSE:GLW) by 8.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 235,541 shares of the electronics maker’s stock after selling 21,452 shares during the quarter. American Century Companies Inc.’s holdings in Corning were worth $19,322,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Lansforsakringar Fondforvaltning AB publ lifted its holdings in Corning by 4.9% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 261,749 shares of the electronics maker’s stock valued at $21,471,000 after acquiring an additional 12,297 shares during the last quarter. Hartline Investment Corp increased its stake in Corning by 113.2% during the third quarter. Hartline Investment Corp now owns 295,362 shares of the electronics maker’s stock worth $24,229,000 after acquiring an additional 156,843 shares during the last quarter. Vanguard Group Inc. raised its position in Corning by 1.6% in the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock valued at $5,151,301,000 after purchasing an additional 1,582,895 shares during the period. Schroder Investment Management Group lifted its stake in shares of Corning by 638.0% in the 2nd quarter. Schroder Investment Management Group now owns 546,407 shares of the electronics maker’s stock valued at $28,736,000 after purchasing an additional 472,365 shares during the last quarter. Finally, Caprock Group LLC acquired a new position in shares of Corning in the 3rd quarter valued at $3,355,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Edward A. Schlesinger sold 21,104 shares of Corning stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total value of $2,206,423.20. Following the completion of the transaction, the chief financial officer directly owned 54,780 shares in the company, valued at approximately $5,727,249. This trade represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Li Fang sold 9,797 shares of the business’s 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 SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 233,201 shares of company stock valued at $32,614,558. Corporate insiders own 0.32% of the company’s stock.

Corning Stock Performance

NYSE GLW opened at $136.14 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The company has a market cap of $116.80 billion, a P/E ratio of 73.99, a P/E/G ratio of 2.23 and a beta of 1.05. The stock has a 50-day moving average of $115.25 and a two-hundred day moving average of $94.15. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $162.10.

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

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, February 27th. Corning’s dividend payout ratio (DPR) is currently 60.87%.

Wall Street Analysts Forecast Growth

GLW has been the subject of a number of recent analyst reports. Fox Advisors downgraded Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Weiss Ratings raised shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Finally, Mizuho set a $145.00 price objective on shares of Corning in a report on Monday, February 23rd. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Corning currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.42.

About Corning

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.