National Pension Service Buys 7,617 Shares of Corning Incorporated $GLW

National Pension Service increased its stake in Corning Incorporated (NYSE:GLW) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,449,279 shares of the electronics maker’s stock after purchasing an additional 7,617 shares during the period. National Pension Service owned approximately 0.17% of Corning worth $76,218,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLW. REAP Financial Group LLC increased its holdings in Corning by 191.5% in the 2nd quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock valued at $27,000 after buying an additional 339 shares during the period. Investment Management Corp VA ADV boosted its position in shares of Corning by 165.9% during the 1st quarter. Investment Management Corp VA ADV now owns 742 shares of the electronics maker’s stock worth $34,000 after acquiring an additional 463 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its stake in Corning by 90.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 745 shares of the electronics maker’s stock valued at $34,000 after acquiring an additional 353 shares during the last quarter. Banque Transatlantique SA bought a new position in Corning in the first quarter valued at approximately $34,000. Finally, Resources Management Corp CT ADV raised its position in Corning by 66.7% during the first quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock valued at $34,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Insider Buying and Selling

In other news, SVP Stefan Becker sold 12,100 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total transaction of $1,104,488.00. Following the completion of the transaction, the senior vice president directly owned 5,049 shares in the company, valued at $460,872.72. This trade represents a 70.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jaymin Amin sold 17,721 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $77.18, for a total value of $1,367,706.78. Following the completion of the sale, the senior vice president owned 88,722 shares in the company, valued at $6,847,563.96. The trade was a 16.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 173,856 shares of company stock valued at $15,456,476. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GLW shares. Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, November 7th. Barclays lifted their target price on Corning from $65.00 to $83.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Argus increased their target price on shares of Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Mizuho set a $97.00 price target on shares of Corning in a report on Wednesday, October 29th. Finally, Morgan Stanley set a $82.00 price objective on shares of Corning in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $90.82.

Corning Trading Up 1.3%

GLW opened at $89.05 on Thursday. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $92.57. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 0.93. The firm has a market capitalization of $76.35 billion, a price-to-earnings ratio of 56.36, a PEG ratio of 1.99 and a beta of 1.15. The company’s 50 day moving average price is $82.90 and its two-hundred day moving average price is $64.51.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate 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 $4.27 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. As a group, research analysts predict that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 14th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 14th. Corning’s payout ratio is 70.89%.

About Corning

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.