Intact Investment Management Inc. Has $4.57 Million Holdings in Corning Incorporated $GLW

Key Points

• Intact Investment Management cut its stake in Corning by 16.9% in Q4 to 52,200 shares valued at $4.57 million, and institutions now own about 69.8% of the company (Vanguard holds ~99.3 million shares).
• Q1 results and guidance: Corning beat estimates with $0.70 EPS (vs. $0.69) and $4.35B revenue (up 18.1% YoY), and set Q2 2026 guidance at $0.73–$0.77 EPS.
• Valuation and analyst stance: The stock has a $137.8B market cap and a P/E of 76.8, carries a $0.28 quarterly dividend (0.7% yield), and holds a consensus "Moderate Buy" target of $150.31 with analyst price targets up to $186.

Intact Investment Management Inc. cut its stake in shares of Corning Incorporated (NYSE:GLW - Free Report) by 16.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,200 shares of the electronics maker's stock after selling 10,600 shares during the period. Intact Investment Management Inc.'s holdings in Corning were worth $4,571,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Corning by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 99,283,317 shares of the electronics maker's stock worth $8,693,247,000 after buying an additional 580,678 shares in the last quarter. State Street Corp increased its holdings in shares of Corning by 1.2% during the third quarter. State Street Corp now owns 37,008,856 shares of the electronics maker's stock worth $3,035,836,000 after buying an additional 439,883 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Corning by 30.3% during the third quarter. Wellington Management Group LLP now owns 16,557,489 shares of the electronics maker's stock worth $1,358,211,000 after buying an additional 3,848,540 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Corning by 8.1% during the second quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker's stock worth $724,432,000 after buying an additional 1,036,988 shares in the last quarter. Finally, Capital Research Global Investors acquired a new position in shares of Corning during the third quarter worth $907,164,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Stock Performance

NYSE GLW opened at $160.41 on Tuesday. The company has a market capitalization of $137.80 billion, a price-to-earnings ratio of 76.75, a PEG ratio of 2.26 and a beta of 1.14. Corning Incorporated has a twelve month low of $44.33 and a twelve month high of $179.08. The stock has a fifty day simple moving average of $148.66 and a 200 day simple moving average of $113.22. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.Corning's quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Sell-side analysts expect that Corning Incorporated will post 3.17 EPS for the current year.

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, May 29th. Corning's dividend payout ratio (DPR) is presently 53.59%.

Insider Activity

In other Corning news, VP John Z. Zhang sold 1,531 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $133.75, for a total transaction of $204,771.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Avery H. Nelson III sold 1,583 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total value of $203,795.42. Following the sale, the chief operating officer owned 59,788 shares of the company's stock, valued at approximately $7,697,107.12. The trade was a 2.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 187,053 shares of company stock worth $27,653,630. 0.25% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GLW. Wall Street Zen upgraded shares of Corning from a "hold" rating to a "buy" rating in a report on Friday, January 23rd. Mizuho set a $145.00 price objective on Corning in a report on Monday, February 23rd. Barclays increased their price objective on Corning from $100.00 to $149.00 and gave the company an "equal weight" rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. downgraded Corning from an "overweight" rating to a "neutral" rating and increased their price objective for the company from $115.00 to $175.00 in a report on Thursday, April 16th. Finally, Bank of America increased their price objective on Corning from $155.00 to $186.00 and gave the company a "buy" rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.31.

About Corning

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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