201,199 Corning Incorporated $GLW Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its position in shares of Corning Incorporated (NYSE:GLW) by 46.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 235,419 shares of the electronics maker’s stock after selling 201,199 shares during the period. TD Waterhouse Canada Inc.’s holdings in Corning were worth $37,781,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Herbst Group LLC purchased a new stake in Corning in the second quarter valued at approximately $4,474,000. Principal Financial Group Inc. increased its position in Corning by 1.2% during the first quarter. Principal Financial Group Inc. now owns 893,451 shares of the electronics maker’s stock worth $121,483,000 after purchasing an additional 10,591 shares during the last quarter. Wealthfront Advisers LLC increased its position in Corning by 36.2% during the first quarter. Wealthfront Advisers LLC now owns 92,425 shares of the electronics maker’s stock worth $12,567,000 after purchasing an additional 24,589 shares during the last quarter. Silverlake Wealth Management LLC purchased a new position in Corning during the second quarter worth approximately $1,872,000. Finally, Atlas Wealth LLC raised its stake in Corning by 137.8% during the first quarter. Atlas Wealth LLC now owns 12,076 shares of the electronics maker’s stock worth $1,642,000 after purchasing an additional 6,998 shares during the period. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Stock Performance

NYSE GLW opened at $131.93 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 1.24. Corning Incorporated has a 1-year low of $77.39 and a 1-year high of $271.78. The firm has a market capitalization of $113.64 billion, a P/E ratio of 60.24, a P/E/G ratio of 1.68 and a beta of 1.13. The business’s 50-day simple moving average is $154.18 and its 200-day simple moving average is $168.66.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. Corning had a net margin of 11.20% and a return on equity of 20.09%. The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter in the prior year, the company earned $0.60 EPS. The company’s revenue was up 17.1% on a year-over-year basis. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Equities analysts predict that Corning Incorporated will post 3.28 EPS for the current year.

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, November 13th. Corning’s payout ratio is currently 51.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GLW shares. China Renaissance upgraded shares of Corning from a “hold” rating to a “buy” rating and set a $238.00 price target on the stock in a report on Tuesday, September 8th. Sanford C. Bernstein started coverage on Corning in a report on Wednesday, September 30th. They set a “market perform” rating and a $140.00 price objective for the company. Oppenheimer dropped their price objective on Corning from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, July 29th. Weiss Ratings lowered Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Finally, Barclays reduced their target price on Corning from $180.00 to $129.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $177.56.

Insider Transactions at Corning

In other news, EVP Lewis Steverson sold 13,100 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $151.29, for a total value of $1,981,899.00. Following the completion of the sale, the executive vice president owned 15,052 shares of the company’s stock, valued at $2,277,217.08. This represents a 46.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

About Corning

Corning Incorporated (NYSE: GLW) is a technology company that develops and manufactures specialty glass, ceramics and optical-fiber products. Its materials and engineering expertise support communications networks, consumer electronics, automotive systems, life sciences and other industrial applications.

The company’s products include optical fiber, cable and connectivity solutions used in telecommunications infrastructure; glass substrates for televisions, computer monitors and other displays; durable cover glass for mobile devices; emissions-control components for vehicles; laboratory glassware and consumables; and specialized glass and ceramic materials for scientific, industrial and semiconductor applications.

Founded in 1851 and headquartered in Corning, New York, the company serves customers through operations and facilities across North America, Europe, Asia and other international markets.