Corning Incorporated $GLW Stock Holdings Trimmed by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lessened its holdings in shares of Corning Incorporated (NYSE:GLW) by 7.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 174,274 shares of the electronics maker’s stock after selling 14,848 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Corning were worth $23,696,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of GLW. Brighton Jones LLC boosted its holdings in shares of Corning by 46.0% in the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after acquiring an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new stake in Corning during the first quarter worth approximately $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Corning by 9.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after purchasing an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Corning in the second quarter worth approximately $401,000. Finally, Schnieders Capital Management LLC. acquired a new stake in Corning in the second quarter worth approximately $266,000. Institutional investors own 69.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on GLW. Zacks Research cut Corning from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Mizuho upped their price objective on Corning from $220.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Morgan Stanley set a $180.00 target price on Corning in a research note on Friday, May 8th. Citigroup lifted their target price on Corning from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Finally, Susquehanna boosted their price target on shares of Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Corning currently has an average rating of “Moderate Buy” and a consensus target price of $194.69.

Corning Trading Down 6.1%

Corning stock opened at $146.57 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. The firm has a market cap of $126.14 billion, a price-to-earnings ratio of 70.13, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09. Corning Incorporated has a 1 year low of $54.89 and a 1 year high of $271.78. The firm’s 50 day moving average price is $188.01 and its two-hundred day moving average price is $155.14.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The company had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the prior year, the company earned $0.54 earnings per share. The firm’s revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, research analysts predict that Corning Incorporated will post 3.18 EPS for the current fiscal year.

Corning Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. Corning’s payout ratio is 53.59%.

Insider Activity at Corning

In other news, SVP Soumya Seetharam sold 20,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $206.23, for a total transaction of $4,124,600.00. Following the completion of the sale, the senior vice president directly owned 25,570 shares of the company’s stock, valued at $5,273,301.10. This represents a 43.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John Z. Zhang sold 10,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $198.34, for a total value of $1,983,400.00. Following the completion of the transaction, the vice president owned 5,138 shares of the company’s stock, valued at $1,019,070.92. This trade represents a 66.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 160,655 shares of company stock valued at $30,692,560 over the last ninety days. Company insiders own 0.25% of the company’s stock.

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.