21,265 Shares in Corning Incorporated $GLW Bought by FORA Capital LLC

Key Points

• FORA Capital LLC has acquired a new position in Corning Incorporated, purchasing 21,265 shares valued at approximately $974,000 in the 1st quarter of the year.
• Corning recently reported earnings of $0.60 per share, exceeding analysts' expectations and providing a guidance of 0.630-0.670 EPS for Q3 2025.
• The company announced a quarterly dividend of $0.28 per share, representing a 1.7% yield, to be paid on September 29th to shareholders of record on August 29th.

FORA Capital LLC acquired a new stake in Corning Incorporated (NYSE:GLW - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 21,265 shares of the electronics maker's stock, valued at approximately $974,000.

Other institutional investors have also modified their holdings of the company. Northern Trust Corp raised its holdings in Corning by 2.0% in the 4th quarter. Northern Trust Corp now owns 10,870,375 shares of the electronics maker's stock valued at $516,560,000 after acquiring an additional 208,826 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Corning by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 6,347,977 shares of the electronics maker's stock valued at $290,610,000 after purchasing an additional 80,872 shares during the period. Invesco Ltd. boosted its holdings in shares of Corning by 4.8% in the first quarter. Invesco Ltd. now owns 6,337,063 shares of the electronics maker's stock valued at $290,111,000 after acquiring an additional 288,328 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Corning by 6.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,285,990 shares of the electronics maker's stock worth $251,190,000 after buying an additional 303,607 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Corning by 37.1% in the 1st quarter. Deutsche Bank AG now owns 3,835,799 shares of the electronics maker's stock worth $175,603,000 after purchasing an additional 1,037,875 shares during the period. Hedge funds and other institutional investors own 69.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Corning from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Mizuho increased their target price on shares of Corning from $63.00 to $74.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. UBS Group increased their target price on shares of Corning from $57.00 to $65.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Argus reiterated a "buy" rating and issued a $68.00 target price on shares of Corning in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Corning from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Friday, July 25th. One equities 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $65.17.

Insider Buying and Selling

In related news, CEO Wendell P. Weeks sold 82,103 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $65.19, for a total transaction of $5,352,294.57. Following the completion of the transaction, the chief executive officer owned 809,295 shares in the company, valued at approximately $52,757,941.05. The trade was a 9.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Edward A. Schlesinger sold 14,082 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $62.28, for a total transaction of $877,026.96. Following the transaction, the chief financial officer owned 78,316 shares of the company's stock, valued at approximately $4,877,520.48. This represents a 15.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 163,950 shares of company stock valued at $10,449,192. Insiders own 0.32% of the company's stock.

Corning Stock Performance

NYSE:GLW traded down $1.90 during midday trading on Monday, reaching $67.03. The stock had a trading volume of 6,191,039 shares, compared to its average volume of 5,115,324. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $69.29. The firm's fifty day simple moving average is $58.86 and its 200-day simple moving average is $51.09. 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 stock has a market capitalization of $57.42 billion, a P/E ratio of 71.31, a PEG ratio of 1.50 and a beta of 1.09.

Corning (NYSE:GLW - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $3.84 billion. During the same period last year, the business posted $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 EPS for the current fiscal year.

Corning Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors 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 1.7%. The ex-dividend date of this dividend is Friday, August 29th. Corning's dividend payout ratio (DPR) is currently 119.15%.

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.