Lansforsakringar Fondforvaltning AB publ Trims Stock Position in Corning Incorporated $GLW

Key Points

• Lansforsakringar Fondforvaltning AB reduced its stake in Corning Incorporated by 3.0%, owning 262,754 shares valued at approximately $12 million as of the latest filing.
• Institutional ownership of Corning stock is high at 69.80%, with significant increases from firms like Deutsche Bank, which raised its position by 37.1%.
• The company recently declared a quarterly dividend of $0.28, yielding about 1.7%, and has set a Q3 2025 EPS guidance of $0.630-$0.670.

Lansforsakringar Fondforvaltning AB publ lessened its position in shares of Corning Incorporated (NYSE:GLW - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 262,754 shares of the electronics maker's stock after selling 8,032 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Corning were worth $12,029,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Leigh Baldwin & CO. LLC grew its position in Corning by 1.7% during the first quarter. Leigh Baldwin & CO. LLC now owns 12,513 shares of the electronics maker's stock valued at $573,000 after buying an additional 210 shares during the period. University of Texas Texas AM Investment Management Co. grew its position in Corning by 9.7% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 2,422 shares of the electronics maker's stock valued at $115,000 after buying an additional 214 shares during the period. Harbour Investments Inc. grew its position in Corning by 2.4% during the first quarter. Harbour Investments Inc. now owns 9,489 shares of the electronics maker's stock valued at $434,000 after buying an additional 224 shares during the period. Old North State Wealth Management LLC grew its position in Corning by 0.6% during the first quarter. Old North State Wealth Management LLC now owns 40,107 shares of the electronics maker's stock valued at $1,836,000 after buying an additional 239 shares during the period. Finally, Colonial Trust Co SC lifted its holdings in Corning by 3.8% during the fourth quarter. Colonial Trust Co SC now owns 7,138 shares of the electronics maker's stock valued at $339,000 after purchasing an additional 258 shares in the last quarter. Institutional investors and hedge funds own 69.80% of the company's stock.

Corning Stock Up 1.0%

Shares of GLW stock traded up $0.69 during trading on Wednesday, reaching $69.16. The company's stock had a trading volume of 9,578,217 shares, compared to its average volume of 5,660,568. 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 company has a market capitalization of $59.24 billion, a price-to-earnings ratio of 73.49, a P/E/G ratio of 1.50 and a beta of 1.09. The stock's 50-day moving average price is $59.50 and its 200 day moving average price is $51.31. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $69.79.

Corning (NYSE:GLW - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The electronics maker reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. The firm had revenue of $3.86 billion during the quarter, compared to analysts' expectations of $3.84 billion. Corning had a net margin of 5.77% and a return on equity of 17.27%. During the same quarter in the previous year, the business posted $0.47 earnings per share. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. On average, research analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a 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, SVP Michael Paul O'day sold 14,879 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $62.36, for a total transaction of $927,854.44. Following the completion of the transaction, the senior vice president owned 35,743 shares in the company, valued at $2,228,933.48. The trade was a 29.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Avery H. Nelson III sold 36,240 shares of the business's stock in a transaction that occurred on 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 transaction, the chief operating officer owned 64,838 shares of the company's stock, valued at $4,036,813.88. This trade represents a 35.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 163,950 shares of company stock worth $10,449,192 over the last ninety days. 0.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GLW has been the topic of several recent analyst reports. Oppenheimer reaffirmed an "outperform" rating and set a $72.00 price objective (up from $55.00) on shares of Corning 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 research note on Saturday, August 2nd. Mizuho lifted their target price on shares of Corning from $63.00 to $74.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Barclays lifted their price target on shares of Corning from $52.00 to $65.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Finally, Susquehanna reiterated a "positive" rating and set a $75.00 price target (up from $60.00) on shares of Corning in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $66.75.

Corning 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.