Dorsey & Whitney Trust CO LLC Purchases 14,026 Shares of Corning Incorporated $GLW

Key Points

• Dorsey & Whitney Trust CO LLC increased its stake in Corning Incorporated by 70.2%, acquiring an additional 14,026 shares to bring its total holdings to 34,016 shares valued at approximately $1.56 million.
• Corning reported a Q2 2025 earnings per share (EPS) of $0.60, surpassing analysts' expectations of $0.57, with revenues reaching $3.86 billion.
• The company recently declared a quarterly dividend of $0.28 per share, translating to an annual yield of 1.7%, and is scheduled for payment on September 29th.

Dorsey & Whitney Trust CO LLC boosted its holdings in Corning Incorporated (NYSE:GLW - Free Report) by 70.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 34,016 shares of the electronics maker's stock after buying an additional 14,026 shares during the period. Dorsey & Whitney Trust CO LLC's holdings in Corning were worth $1,557,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Polar Capital Holdings Plc purchased a new stake in shares of Corning during the fourth quarter worth about $124,253,000. Nuveen LLC bought a new position in Corning in the 1st quarter worth approximately $104,789,000. Assenagon Asset Management S.A. grew its holdings in Corning by 101.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,951,938 shares of the electronics maker's stock valued at $135,140,000 after buying an additional 1,483,151 shares in the last quarter. SG Americas Securities LLC grew its holdings in Corning by 3,441.4% during the 1st quarter. SG Americas Securities LLC now owns 1,190,359 shares of the electronics maker's stock valued at $54,495,000 after buying an additional 1,156,746 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Corning by 37.1% during the first quarter. Deutsche Bank AG now owns 3,835,799 shares of the electronics maker's stock valued at $175,603,000 after buying an additional 1,037,875 shares during the last quarter. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning Stock Performance

Shares of NYSE:GLW opened at $64.57 on Thursday. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $66.50. The stock has a market capitalization of $55.31 billion, a P/E ratio of 68.69, a PEG ratio of 1.45 and a beta of 1.08. The firm has a fifty day simple moving average of $56.55 and a two-hundred day simple moving average of $50.42. The company has a quick ratio of 0.93, a current ratio of 1.50 and a debt-to-equity ratio of 0.58.

Corning (NYSE:GLW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The electronics maker reported $0.60 EPS 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 the consensus estimate of $3.84 billion. Corning had a net margin of 5.77% and a return on equity of 17.27%. During the same quarter last year, the firm earned $0.47 EPS. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. On average, analysts expect that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be issued a $0.28 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.7%. Corning's payout ratio is 119.15%.

Insider Activity

In other Corning news, SVP Michael Paul O'day sold 14,879 shares of the business's stock in a transaction 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 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 ownership of the stock. 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 stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $62.26, for a total transaction of $2,256,302.40. Following the completion of the sale, the chief operating officer directly owned 64,838 shares in the company, valued at approximately $4,036,813.88. This represents a 35.85% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 211,484 shares of company stock worth $12,813,804. Company insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Corning from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Oppenheimer reiterated an "outperform" rating and issued a $72.00 price target (up previously from $55.00) on shares of Corning in a research note on Wednesday, July 30th. Mizuho increased their price objective on shares of Corning from $63.00 to $74.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Susquehanna restated a "positive" rating and set a $75.00 price objective (up previously from $60.00) on shares of Corning in a research report on Wednesday, July 30th. Finally, UBS Group boosted their target price on Corning from $57.00 to $65.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Corning has a consensus rating of "Moderate Buy" and a consensus target price of $65.17.

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.

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