Bridgewater Advisors Inc. Makes New Investment in Corning Incorporated $GLW

Key Points

• Bridgewater Advisors initiated a Corning position during the second quarter, purchasing 6,604 shares valued at approximately $963,000. Institutional investors and hedge funds collectively own 69.8% of GLW.
• Corning exceeded quarterly expectations, reporting $0.78 in adjusted earnings per share and $4.74 billion in revenue, with sales up 17.1% year over year. The company guided to third-quarter 2026 EPS of $0.85–$0.89.
• Analyst sentiment remains moderately bullish, with 11 Buy ratings and five Holds, but several firms recently lowered price targets; the consensus target is $174.08. Corning also declared a quarterly dividend of $0.28 per share, yielding approximately 0.7%.

Bridgewater Advisors Inc. bought a new position in shares of Corning Incorporated (NYSE:GLW - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,604 shares of the electronics maker's stock, valued at approximately $963,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLW. Brighton Jones LLC lifted its position in shares of Corning by 46.0% during the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker's stock valued at $319,000 after acquiring an additional 2,114 shares during the period. Retirement Planning Co of New England Inc. bought a new stake in Corning during the first quarter worth about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Corning by 9.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker's stock worth $2,962,000 after buying an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Corning during the second quarter worth about $401,000. Finally, Schnieders Capital Management LLC. bought a new position in Corning in the 2nd quarter valued at about $266,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Price Performance

GLW stock opened at $165.85 on Friday. The stock has a market cap of $142.86 billion, a price-to-earnings ratio of 75.73, a P/E/G ratio of 2.12 and a beta of 1.14. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 1.24. The company has a 50 day simple moving average of $176.82 and a 200 day simple moving average of $161.45. Corning Incorporated has a 1 year low of $63.37 and a 1 year high of $271.78.

Corning (NYSE:GLW - Get Free Report) last issued its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.02. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.63 billion. Corning had a net margin of 11.20% and a return on equity of 20.09%. The company's quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the business posted $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Research analysts anticipate that Corning Incorporated will post 3.27 EPS for the current fiscal year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. Corning's dividend payout ratio (DPR) is 51.14%.

Insider Transactions at Corning

In other Corning news, CEO Wendell P. Weeks sold 100,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer owned 908,353 shares of the company's stock, valued at $169,371,500.38. This represents a 9.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jaymin Amin sold 27,395 shares of Corning stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $192.14, for a total value of $5,263,675.30. Following the sale, the senior vice president directly owned 94,400 shares in the company, valued at $18,138,016. The trade was a 22.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Corning from $200.00 to $170.00 and set a "neutral" rating for the company in a report on Wednesday, July 29th. Wall Street Zen cut Corning from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Morgan Stanley reduced their target price on Corning from $180.00 to $165.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 29th. Bank of America lifted their price target on Corning from $223.00 to $243.00 and gave the company a "buy" rating in a research note on Monday, July 6th. Finally, UBS Group reissued a "buy" rating and set a $196.00 price target on shares of Corning in a report on Wednesday, July 29th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $174.08.

Corning Profile

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.

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