Corning Incorporated $GLW Stock Holdings Increased by Atalanta Sosnoff Capital LLC

Key Points

• Atalanta Sosnoff Capital LLC increased its holding in Corning Incorporated by 48.9% during the first quarter, owning 14,901 shares valued at approximately $682,000.
• Corning recently reported earnings of $0.60 EPS, exceeding analysts' expectations, and set a Q3 2025 guidance of 0.630-0.670 EPS.
• The company announced a quarterly dividend of $0.28 per share, resulting in an annualized dividend yield of 1.6%, with a high

  dividend payout ratio of 119.15%.

Atalanta Sosnoff Capital LLC grew its stake in shares of Corning Incorporated (NYSE:GLW - Free Report) by 48.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,901 shares of the electronics maker's stock after acquiring an additional 4,892 shares during the period. Atalanta Sosnoff Capital LLC's holdings in Corning were worth $682,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in GLW. Amundi boosted its holdings in shares of Corning by 64.3% in the 1st quarter. Amundi now owns 6,408,605 shares of the electronics maker's stock valued at $271,237,000 after buying an additional 2,507,797 shares during the period. Appaloosa LP boosted its holdings in shares of Corning by 16.2% in the 1st quarter. Appaloosa LP now owns 1,743,629 shares of the electronics maker's stock valued at $79,823,000 after buying an additional 243,629 shares during the period. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Corning by 104.9% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 41,364 shares of the electronics maker's stock valued at $1,894,000 after buying an additional 21,173 shares during the period. Focus Partners Advisor Solutions LLC boosted its holdings in shares of Corning by 63.2% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 20,350 shares of the electronics maker's stock valued at $932,000 after buying an additional 7,884 shares during the period. Finally, Graham Capital Management L.P. boosted its holdings in shares of Corning by 22.6% in the 1st quarter. Graham Capital Management L.P. now owns 169,523 shares of the electronics maker's stock valued at $7,761,000 after buying an additional 31,260 shares during the period. 69.80% of the stock is owned by institutional investors and hedge funds.

Corning Stock Performance

Corning stock traded up $1.39 during midday trading on Friday, reaching $71.11. 9,071,696 shares of the stock traded hands, compared to its average volume of 5,294,657. The company has a current ratio of 1.50, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average price of $60.60 and a two-hundred day moving average price of $51.67. The firm has a market cap of $60.91 billion, a price-to-earnings ratio of 75.65, a PEG ratio of 1.59 and a beta of 1.09. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $71.40.

Corning (NYSE:GLW - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The electronics maker reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.03. Corning had a net margin of 5.77% and a return on equity of 17.27%. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same period in the previous year, the firm earned $0.47 EPS. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. On average, equities research analysts forecast 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 Monday, September 29th. Shareholders of record on Friday, August 29th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, August 29th. Corning's payout ratio is 119.15%.

Insider Activity at Corning

In other Corning news, CFO Edward A. Schlesinger sold 14,082 shares of the business's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $62.28, for a total transaction of $877,026.96. Following the sale, the chief financial officer directly owned 78,316 shares in the company, valued at approximately $4,877,520.48. The trade was a 15.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Wendell P. Weeks sold 82,103 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $65.19, for a total transaction of $5,352,294.57. Following the sale, the chief executive officer owned 809,295 shares in the company, valued at $52,757,941.05. This trade represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 163,950 shares of company stock worth $10,449,192 in the last three months. Insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GLW shares. Morgan Stanley set a $56.00 price target on shares of Corning and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Wall Street Zen raised shares of Corning from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Susquehanna reaffirmed a "positive" rating and issued a $75.00 price target (up from $60.00) on shares of Corning in a report on Wednesday, July 30th. Barclays boosted their target price on shares of Corning from $52.00 to $65.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Finally, Argus reissued a "buy" rating and set a $68.00 target price on shares of Corning in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.75.

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.