Natural Investments LLC Takes Position in Corning Incorporated $GLW

Natural Investments LLC bought a new stake in shares of Corning Incorporated (NYSE:GLW) during the second quarter, Holdings Channel.com reports. The fund bought 4,017 shares of the electronics maker’s stock, valued at approximately $211,000.

Other large investors have also recently modified their holdings of the company. Amundi boosted its stake in Corning by 64.3% during the first quarter. Amundi now owns 6,408,605 shares of the electronics maker’s stock worth $271,237,000 after acquiring an additional 2,507,797 shares in the last quarter. Nuveen LLC bought a new stake in Corning during the first quarter worth about $104,789,000. Kingstone Capital Partners Texas LLC bought a new stake in Corning during the second quarter worth about $92,560,000. Robeco Institutional Asset Management B.V. boosted its stake in Corning by 185.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,801,411 shares of the electronics maker’s stock worth $94,736,000 after acquiring an additional 1,170,992 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Corning by 37.1% during the first quarter. Deutsche Bank AG now owns 3,835,799 shares of the electronics maker’s stock worth $175,603,000 after acquiring an additional 1,037,875 shares in the last quarter. Institutional investors own 69.80% of the company’s stock.

Insider Activity

In other Corning news, EVP Lewis A. Steverson sold 16,646 shares of the stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $62.22, for a total transaction of $1,035,714.12. Following the completion of the transaction, the executive vice president owned 39,759 shares in the company, valued at $2,473,804.98. This trade represents a 29.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Avery H. Nelson III sold 36,240 shares of the stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $62.26, for a total transaction of $2,256,302.40. Following the transaction, the chief operating officer owned 64,838 shares of the company’s stock, valued at $4,036,813.88. This trade represents a 35.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 181,671 shares of company stock valued at $11,816,899 in the last quarter. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

GLW has been the topic of several research reports. Morgan Stanley boosted their price objective on shares of Corning from $56.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday. Citigroup boosted their price objective on shares of Corning from $72.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Corning in a report on Wednesday. Wall Street Zen cut shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Barclays lifted their target price on shares of Corning from $52.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Corning Stock Down 4.8%

Shares of GLW stock opened at $83.00 on Friday. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $87.78. The stock has a market cap of $71.10 billion, a P/E ratio of 88.30, a P/E/G ratio of 1.85 and a beta of 1.14. The company has a current ratio of 1.50, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. The company has a 50 day simple moving average of $73.19 and a two-hundred day simple moving average of $57.25.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, July 29th. The electronics maker reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.84 billion. Corning had a net margin of 5.77% and a return on equity of 17.27%. During the same period in the prior year, the business posted $0.47 earnings per share. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. On average, research analysts expect that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 14th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.3%. Corning’s dividend payout ratio is currently 119.15%.

Corning Profile

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.