Corning Incorporated $GLW Shares Purchased by Private Trust Co. NA

Private Trust Co. NA boosted its position in shares of Corning Incorporated (NYSE:GLW) by 26.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,837 shares of the electronics maker’s stock after acquiring an additional 3,101 shares during the period. Private Trust Co. NA’s holdings in Corning were worth $1,299,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Corning by 23.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 125,695 shares of the electronics maker’s stock worth $11,006,000 after acquiring an additional 24,237 shares in the last quarter. Xcel Wealth Management LLC acquired a new position in Corning during the 4th quarter worth approximately $658,000. PDS Planning Inc grew its holdings in Corning by 24.4% during the 4th quarter. PDS Planning Inc now owns 10,046 shares of the electronics maker’s stock worth $880,000 after acquiring an additional 1,972 shares in the last quarter. Pursuit Wealth Management LLC acquired a new position in Corning during the 4th quarter worth approximately $872,000. Finally, Nations Financial Group Inc. IA ADV grew its holdings in Corning by 604.5% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 31,788 shares of the electronics maker’s stock worth $2,783,000 after acquiring an additional 27,276 shares in the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on GLW. Mizuho set a $145.00 price target on shares of Corning in a report on Monday, February 23rd. Oppenheimer set a $120.00 price target on shares of Corning in a report on Thursday, January 29th. Weiss Ratings upgraded shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Fox Advisors cut shares of Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. Finally, Citigroup upped their target price on shares of Corning from $120.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $136.69.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: GLW has surged ~15.8% over the past week, drawing momentum investors and helping support recent gains. Read More.
• Positive Sentiment: Corning was named among “Buy 5 Stocks With High ROE,” which can attract investors focused on return-on-equity screens and relative profitability. Read More.
• Positive Sentiment: Media bullishness: Jim Cramer discussed liking Corning on air, a boost to retail sentiment and short-term visibility. Read More.
• Neutral Sentiment: J.P. Morgan’s move is mixed: it cut GLW to Neutral from Overweight but raised its price target (to $175), signaling a view that upside exists but the stock no longer merits an overweight allocation. This is a nuanced datapoint—higher PT but lower conviction. Read More.
• Negative Sentiment: The downgrade prompted intraday selling pressure: analysts cited valuation concerns and JPM’s reassessment of a “blue‑sky” upside scenario, which directly weighed on the share price today. Read More.

Corning Trading Down 1.1%

Shares of Corning stock opened at $164.25 on Friday. The company has a fifty day simple moving average of $142.70 and a 200-day simple moving average of $107.81. Corning Incorporated has a 12-month low of $40.16 and a 12-month high of $176.75. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The stock has a market cap of $141.10 billion, a price-to-earnings ratio of 89.27, a PEG ratio of 2.58 and a beta of 1.06.

Corning (NYSE:GLW) last issued its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the prior year, the business posted $0.57 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, equities analysts forecast that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were issued a $0.28 dividend. The ex-dividend date was Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. Corning’s dividend payout ratio is presently 60.87%.

Insiders Place Their Bets

In related news, CEO Wendell P. Weeks sold 137,514 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the sale, the chief executive officer owned 750,585 shares in the company, valued at $116,618,391.45. This represents a 15.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Edward A. Schlesinger sold 21,104 shares of the stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the sale, the chief financial officer owned 54,780 shares of the company’s stock, valued at approximately $5,727,249. This represents a 27.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 233,201 shares of company stock worth $32,614,558. 0.25% of the stock is currently owned by company 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.