Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Holdings in Corning Incorporated $GLW

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its stake in shares of Corning Incorporated (NYSE:GLW) by 3.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 181,478 shares of the electronics maker’s stock after selling 5,714 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Corning were worth $15,890,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Holderness Investments Co. raised its stake in Corning by 3.6% during the fourth quarter. Holderness Investments Co. now owns 40,880 shares of the electronics maker’s stock valued at $3,579,000 after buying an additional 1,436 shares during the last quarter. Norges Bank purchased a new position in Corning during the fourth quarter valued at $921,435,000. Cornerstone Select Advisors LLC raised its stake in Corning by 14.0% during the fourth quarter. Cornerstone Select Advisors LLC now owns 13,303 shares of the electronics maker’s stock valued at $1,165,000 after buying an additional 1,631 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in Corning during the fourth quarter valued at $24,040,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in Corning during the fourth quarter valued at $156,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Wall Street Analysts Forecast Growth

GLW has been the subject of a number of recent research reports. Barclays lifted their price objective on Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a research note on Friday, May 15th. Citigroup boosted their price target on Corning from $175.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Truist Financial boosted their price target on Corning from $125.00 to $149.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Finally, UBS Group boosted their price target on Corning from $179.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.92.

Corning Stock Up 0.1%

GLW stock opened at $181.37 on Monday. Corning Incorporated has a 1-year low of $48.88 and a 1-year high of $211.79. The business has a fifty day moving average price of $167.47 and a 200-day moving average price of $126.87. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. The stock has a market capitalization of $156.09 billion, a P/E ratio of 86.78, a P/E/G ratio of 2.59 and a beta of 1.15.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.The company’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Equities analysts forecast that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, May 29th. Corning’s dividend payout ratio is 53.59%.

Insider Transactions at Corning

In related news, SVP Michaune D. Tillman sold 3,260 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $207.02, for a total transaction of $674,885.20. Following the completion of the sale, the senior vice president owned 10,174 shares in the company, valued at approximately $2,106,221.48. This represents a 24.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John Z. Zhang sold 10,000 shares of the company’s 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 sale, the vice president owned 5,138 shares of the company’s stock, valued at approximately $1,019,070.92. This trade represents a 66.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 60,655 shares of company stock worth $12,046,561 in the last three months. 0.25% of the stock is owned by insiders.

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.