Vanguard Personalized Indexing Management LLC Buys 9,278 Shares of Corning Incorporated $GLW

Vanguard Personalized Indexing Management LLC increased its stake in shares of Corning Incorporated (NYSE:GLW) by 6.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 147,284 shares of the electronics maker’s stock after purchasing an additional 9,278 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Corning were worth $12,896,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Venture Visionary Partners LLC increased its position in shares of Corning by 8.6% during the 4th quarter. Venture Visionary Partners LLC now owns 78,641 shares of the electronics maker’s stock valued at $7,131,000 after purchasing an additional 6,256 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of Corning by 73.9% during the 4th quarter. Panagora Asset Management Inc. now owns 15,664 shares of the electronics maker’s stock valued at $1,372,000 after purchasing an additional 6,659 shares during the last quarter. Sargent Investment Group LLC bought a new position in shares of Corning during the 4th quarter valued at approximately $1,110,000. MML Investors Services LLC increased its position in shares of Corning by 12.8% during the 4th quarter. MML Investors Services LLC now owns 138,176 shares of the electronics maker’s stock valued at $12,099,000 after purchasing an additional 15,674 shares during the last quarter. Finally, Fieldview Capital Management LLC bought a new position in shares of Corning during the 4th quarter valued at approximately $359,000. Institutional investors own 69.80% of the company’s stock.

Insiders Place Their Bets

In other Corning news, CEO Wendell P. Weeks sold 100,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total value of $18,646,000.00. Following the completion of the sale, the chief executive officer directly owned 908,353 shares in the company, valued at approximately $169,371,500.38. This represents a 9.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $674,885.20. Following the completion of the sale, the senior vice president owned 10,174 shares of the company’s stock, valued at $2,106,221.48. This represents a 24.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 160,655 shares of company stock worth $30,692,561. 0.25% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays boosted their target price on Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Bank of America boosted their target price on Corning from $155.00 to $186.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Wall Street Zen downgraded Corning from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. JPMorgan Chase & Co. upped their price objective on Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Morgan Stanley set a $180.00 price objective on Corning in a research report on Friday, May 8th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $178.31.

Corning Stock Performance

Shares of Corning stock opened at $186.54 on Tuesday. The stock’s fifty day moving average is $177.92 and its two-hundred day moving average is $134.76. The company has a market capitalization of $160.54 billion, a PE ratio of 89.25, a price-to-earnings-growth ratio of 2.56 and a beta of 1.15. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 52 week low of $49.81 and a 52 week high of $211.79.

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

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, May 29th. Corning’s dividend payout ratio is currently 53.59%.

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.