Aviva PLC Has $31.88 Million Stock Holdings in Corning Incorporated $GLW

Aviva PLC increased its position in Corning Incorporated (NYSE:GLW) by 1,963.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 606,154 shares of the electronics maker’s stock after purchasing an additional 576,784 shares during the quarter. Aviva PLC owned approximately 0.07% of Corning worth $31,878,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLW. Forte Capital LLC ADV boosted its stake in shares of Corning by 2.4% during the 2nd quarter. Forte Capital LLC ADV now owns 7,973 shares of the electronics maker’s stock worth $419,000 after acquiring an additional 190 shares during the period. Westside Investment Management Inc. boosted its position in Corning by 8.3% during the second quarter. Westside Investment Management Inc. now owns 2,565 shares of the electronics maker’s stock worth $135,000 after purchasing an additional 197 shares during the period. Smith Salley Wealth Management raised its position in shares of Corning by 3.3% in the second quarter. Smith Salley Wealth Management now owns 6,280 shares of the electronics maker’s stock valued at $330,000 after purchasing an additional 200 shares during the period. Leigh Baldwin & CO. LLC raised its position in shares of Corning by 1.7% in the first quarter. Leigh Baldwin & CO. LLC now owns 12,513 shares of the electronics maker’s stock valued at $573,000 after purchasing an additional 210 shares during the period. Finally, BLB&B Advisors LLC lifted its stake in shares of Corning by 0.7% during the 2nd quarter. BLB&B Advisors LLC now owns 30,443 shares of the electronics maker’s stock worth $1,601,000 after buying an additional 210 shares during the last quarter. Institutional investors own 69.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on GLW shares. Susquehanna upped their price target on shares of Corning from $75.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. Oppenheimer set a $100.00 target price on Corning and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Mizuho set a $97.00 price target on Corning in a research note on Wednesday, October 29th. Morgan Stanley set a $82.00 price objective on Corning in a report on Wednesday, October 29th. Finally, Wall Street Zen cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.82.

Insider Buying and Selling

In other Corning news, CFO Edward A. Schlesinger sold 20,893 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $91.25, for a total value of $1,906,486.25. Following the sale, the chief financial officer owned 66,959 shares in the company, valued at $6,110,008.75. This trade represents a 23.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Eric S. Musser sold 100,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $90.17, for a total transaction of $9,017,000.00. Following the transaction, the insider owned 44,926 shares of the company’s stock, valued at $4,050,977.42. This trade represents a 69.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 173,856 shares of company stock worth $15,456,476 in the last quarter. Corporate insiders own 0.40% of the company’s stock.

Corning Stock Performance

Shares of NYSE:GLW opened at $85.40 on Monday. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $92.57. The stock has a market capitalization of $73.22 billion, a price-to-earnings ratio of 54.05, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 0.93. The company’s 50 day simple moving average is $81.68 and its 200 day simple moving average is $63.71.

Corning (NYSE:GLW) last issued its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Corning had a return on equity of 18.12% and a net margin of 9.16%.The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter last year, the business posted $0.54 EPS. The company’s revenue was up 20.9% compared to the same quarter last year. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. As a group, research analysts predict that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 1.3%. Corning’s payout ratio is presently 70.89%.

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.