Wellington Management Group LLP Has $3.37 Billion Stock Holdings in Corning Incorporated $GLW

Wellington Management Group LLP lifted its position in shares of Corning Incorporated (NYSE:GLW) by 50.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,174,194 shares of the electronics maker’s stock after purchasing an additional 4,446,514 shares during the period. Corning comprises 0.6% of Wellington Management Group LLP’s investment portfolio, making the stock its 28th largest holding. Wellington Management Group LLP’s holdings in Corning were worth $3,365,084,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in GLW. Brighton Jones LLC boosted its position in Corning by 46.0% during the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after buying an additional 2,114 shares during the period. Retirement Planning Co of New England Inc. acquired a new position in Corning in the 1st quarter valued at approximately $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Corning by 9.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock valued at $2,962,000 after acquiring an additional 5,522 shares during the period. Sivia Capital Partners LLC bought a new position in shares of Corning during the second quarter valued at $401,000. Finally, Schnieders Capital Management LLC. bought a new position in shares of Corning during the second quarter valued at $266,000. Institutional investors own 69.80% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Truist Financial raised shares of Corning from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $205.00 to $175.00 in a research note on Sunday, August 2nd. Weiss Ratings lowered Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Oppenheimer cut their target price on Corning from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Barclays reduced their price target on Corning from $180.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Finally, Bank of America increased their price target on Corning from $223.00 to $243.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corning currently has an average rating of “Moderate Buy” and a consensus price target of $174.08.

Corning Trading Down 2.6%

NYSE:GLW opened at $148.87 on Friday. Corning Incorporated has a 52 week low of $66.14 and a 52 week high of $271.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81. The firm’s fifty day moving average is $171.18 and its 200-day moving average is $164.60. The firm has a market cap of $128.24 billion, a P/E ratio of 67.98, a P/E/G ratio of 1.96 and a beta of 1.14.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.63 billion. Corning had a net margin of 11.20% and a return on equity of 20.09%. Corning’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Equities analysts expect that Corning Incorporated will post 3.27 earnings per share for the current year.

Corning Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be given a $0.28 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. Corning’s dividend payout ratio (DPR) is 51.14%.

Insider Buying and Selling at Corning

In other news, CEO Wendell P. Weeks sold 100,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total value of $18,646,000.00. Following the transaction, the chief executive officer directly owned 908,353 shares of the company’s stock, valued at $169,371,500.38. The trade was a 9.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.25% of the company’s stock.

Corning Company Profile

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.