AIA Group Ltd Grows Holdings in Corning Incorporated $GLW

AIA Group Ltd increased its holdings in shares of Corning Incorporated (NYSE:GLW) by 227.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,605 shares of the electronics maker’s stock after acquiring an additional 44,168 shares during the period. AIA Group Ltd’s holdings in Corning were worth $5,218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLW. Capital Research Global Investors bought a new stake in Corning in the third quarter worth $907,164,000. Norges Bank bought a new position in shares of Corning during the second quarter valued at $534,936,000. WCM Investment Management LLC bought a new position in shares of Corning during the third quarter valued at $676,931,000. Wellington Management Group LLP raised its position in shares of Corning by 30.3% in the 3rd quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker’s stock worth $1,358,211,000 after purchasing an additional 3,848,540 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in Corning by 748.0% in the 3rd quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock worth $260,014,000 after purchasing an additional 2,795,948 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Trading Up 2.6%

Shares of NYSE:GLW opened at $133.18 on Friday. The stock’s 50-day simple moving average is $121.21 and its two-hundred day simple moving average is $96.86. The stock has a market capitalization of $114.26 billion, a price-to-earnings ratio of 72.38, a PEG ratio of 2.05 and a beta of 1.05. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $162.10. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59.

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

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be paid a $0.28 dividend. 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 0.8%. Corning’s dividend payout ratio is 60.87%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citigroup raised their price objective on shares of Corning from $120.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Barclays set a $100.00 price target on shares of Corning in a research report on Thursday, January 29th. Morgan Stanley boosted their price objective on shares of Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Finally, Bank of America upped their price objective on Corning from $120.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.75.

Insider Activity

In related news, CEO Wendell P. Weeks sold 137,514 shares of Corning stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the transaction, the chief executive officer owned 750,585 shares in the company, valued at approximately $116,618,391.45. The trade was a 15.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Avery H. Nelson III sold 1,583 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $128.74, for a total value of $203,795.42. Following the sale, the chief operating officer directly owned 59,788 shares in the company, valued at approximately $7,697,107.12. This represents a 2.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 233,201 shares of company stock worth $32,614,558. 0.40% of the stock is currently owned by 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.