Corning Incorporated $GLW Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. lowered its holdings in Corning Incorporated (NYSE:GLW) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 505,853 shares of the electronics maker’s stock after selling 1,751 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Corning were worth $26,592,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. REAP Financial Group LLC grew its stake in shares of 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 in the last quarter. Investment Management Corp VA ADV increased its position in Corning by 165.9% during the first 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 during the period. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Corning by 90.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 745 shares of the electronics maker’s stock valued at $34,000 after buying an additional 353 shares during the last quarter. Resources Management Corp CT ADV raised its stake in shares of Corning by 66.7% in 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. Finally, Gen Wealth Partners Inc lifted its position in shares of Corning by 151.7% during the 1st quarter. Gen Wealth Partners Inc now owns 755 shares of the electronics maker’s stock worth $35,000 after buying an additional 455 shares during the period. 69.80% of the stock is owned by hedge funds and other institutional investors.

Corning Price Performance

GLW stock opened at $82.29 on Friday. The company’s fifty day simple moving average is $83.15 and its 200 day simple moving average is $64.63. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $92.57. The firm has a market cap of $70.55 billion, a price-to-earnings ratio of 52.08, a PEG ratio of 1.99 and a beta of 1.15. The company has a quick ratio of 0.93, a current ratio of 1.56 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last announced its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.24 billion. Corning had a net margin of 9.16% and a return on equity of 18.12%. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. On average, analysts expect that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 1.4%. Corning’s dividend payout ratio is presently 70.89%.

Analyst Ratings Changes

GLW has been the subject of several research reports. UBS Group raised their price objective on shares of Corning from $91.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Oppenheimer set a $100.00 price objective on shares of Corning and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Barclays lifted their price target on shares of Corning from $65.00 to $83.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Citigroup lifted their price objective on shares of Corning from $93.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of Corning from $85.00 to $100.00 and gave the company an “overweight” rating 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, Corning has an average rating of “Moderate Buy” and a consensus price target of $90.82.

Insiders Place Their Bets

In other Corning news, EVP Lewis A. Steverson sold 23,142 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $89.05, for a total transaction of $2,060,795.10. Following the sale, the executive vice president directly owned 17,575 shares of the company’s stock, valued at $1,565,053.75. This represents a 56.84% 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, insider Eric S. Musser sold 100,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $90.17, for a total value of $9,017,000.00. Following the sale, the insider owned 44,926 shares in the company, valued at approximately $4,050,977.42. The trade was a 69.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 173,856 shares of company stock valued at $15,456,476. Company insiders own 0.32% of the company’s stock.

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.