Chilton Capital Management LLC Lowers Stock Holdings in Corning Incorporated $GLW

Chilton Capital Management LLC reduced its position in shares of Corning Incorporated (NYSE:GLW) by 16.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,000 shares of the electronics maker’s stock after selling 1,000 shares during the period. Chilton Capital Management LLC’s holdings in Corning were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of GLW. Amundi boosted its holdings in Corning by 64.3% in the first quarter. Amundi now owns 6,408,605 shares of the electronics maker’s stock valued at $271,237,000 after purchasing an additional 2,507,797 shares during the period. Bank of New York Mellon Corp boosted its holdings in Corning by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 6,347,977 shares of the electronics maker’s stock valued at $290,610,000 after purchasing an additional 80,872 shares during the period. Invesco Ltd. boosted its holdings in Corning by 4.8% in the first quarter. Invesco Ltd. now owns 6,337,063 shares of the electronics maker’s stock valued at $290,111,000 after purchasing an additional 288,328 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Corning by 10.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,844,174 shares of the electronics maker’s stock valued at $267,546,000 after purchasing an additional 558,184 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Corning by 37.1% in the first quarter. Deutsche Bank AG now owns 3,835,799 shares of the electronics maker’s stock valued at $175,603,000 after purchasing an additional 1,037,875 shares during the period. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning Stock Up 1.9%

Shares of NYSE GLW opened at $87.46 on Monday. The company has a market capitalization of $74.92 billion, a price-to-earnings ratio of 93.04, a price-to-earnings-growth ratio of 1.95 and a beta of 1.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 0.93. The business has a 50-day moving average of $77.36 and a two-hundred day moving average of $60.33. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $87.78.

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

Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders 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 payout ratio is 119.15%.

Insider Buying and Selling at Corning

In other news, COO Avery H. Nelson III sold 36,240 shares of Corning stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $62.26, for a total transaction of $2,256,302.40. Following the sale, the chief operating officer owned 64,838 shares in the company, valued at approximately $4,036,813.88. The trade was a 35.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael Paul O’day sold 14,879 shares of Corning stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $62.36, for a total value of $927,854.44. Following the sale, the senior vice president owned 35,743 shares in the company, valued at $2,228,933.48. This trade represents a 29.39% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 181,671 shares of company stock valued at $11,816,899. 0.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GLW shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Corning in a report on Friday. Mizuho lifted their target price on Corning from $74.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, October 3rd. Susquehanna reiterated a “positive” rating and issued a $75.00 target price (up from $60.00) on shares of Corning in a report on Wednesday, July 30th. Wolfe Research initiated coverage on Corning in a report on Tuesday, July 8th. They set an “outperform” rating for the company. Finally, Citigroup lifted their price target on Corning from $72.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. One equities research 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Corning Company 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.