Aberdeen Group plc Sells 5,622 Shares of Corning Incorporated $GLW

Aberdeen Group plc trimmed its position in shares of Corning Incorporated (NYSE:GLW) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 568,048 shares of the electronics maker’s stock after selling 5,622 shares during the quarter. Aberdeen Group plc owned 0.07% of Corning worth $49,738,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in GLW. Linden Thomas Advisory Services LLC lifted its holdings in Corning by 1.9% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 46,431 shares of the electronics maker’s stock worth $4,065,000 after acquiring an additional 864 shares in the last quarter. Herbst Group LLC acquired a new position in shares of Corning in the 4th quarter valued at approximately $1,738,000. Weatherly Asset Management L. P. boosted its holdings in shares of Corning by 4.2% in the fourth quarter. Weatherly Asset Management L. P. now owns 75,780 shares of the electronics maker’s stock valued at $6,635,000 after buying an additional 3,086 shares during the period. Victory Financial Group LLC bought a new stake in shares of Corning during the fourth quarter worth $272,000. Finally, Three Seasons Wealth LLC bought a new stake in shares of Corning during the fourth quarter worth $1,750,000. Institutional investors own 69.80% of the company’s stock.

Corning Stock Performance

NYSE GLW opened at $147.92 on Friday. The firm has a 50-day moving average of $131.42 and a 200-day moving average of $101.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The stock has a market cap of $127.07 billion, a PE ratio of 80.39, a P/E/G ratio of 2.33 and a beta of 1.06. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $162.10.

Corning (NYSE:GLW) last posted its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating the consensus estimate 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 return on equity of 18.72% and a net margin of 10.21%.The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, sell-side analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was 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 (DPR) is currently 60.87%.

Insider Transactions at Corning

In other news, VP John Z. Zhang sold 1,531 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $133.75, for a total transaction of $204,771.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eric S. Musser sold 15,000 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $130.25, for a total value of $1,953,750.00. Following the sale, the insider directly owned 4,926 shares in the company, valued at $641,611.50. This represents a 75.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 233,201 shares of company stock worth $32,614,558. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

GLW has been the topic of several research reports. UBS Group boosted their price objective on shares of Corning from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Citigroup lifted their price target on Corning from $120.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Bank of America upped their price objective on Corning from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Finally, Mizuho set a $145.00 target price on Corning in a research note on Monday, February 23rd. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Corning has an average rating of “Moderate Buy” and a consensus price target of $132.08.

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.