Union Bancaire Privee UBP SA Decreases Stock Holdings in Corning Incorporated $GLW

Union Bancaire Privee UBP SA lessened its holdings in Corning Incorporated (NYSE:GLW) by 42.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 65,508 shares of the electronics maker’s stock after selling 48,729 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Corning were worth $5,736,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GLW. GAMMA Investing LLC increased its holdings in Corning by 12.7% in the 4th quarter. GAMMA Investing LLC now owns 18,241 shares of the electronics maker’s stock valued at $1,597,000 after purchasing an additional 2,052 shares in the last quarter. AIA Group Ltd boosted its position in shares of Corning by 227.2% in the third quarter. AIA Group Ltd now owns 63,605 shares of the electronics maker’s stock worth $5,218,000 after buying an additional 44,168 shares during the period. Farmers National Bank purchased a new stake in shares of Corning in the third quarter worth about $492,000. Swiss Life Asset Management Ltd grew its stake in shares of Corning by 12.9% in the third quarter. Swiss Life Asset Management Ltd now owns 444,222 shares of the electronics maker’s stock valued at $36,440,000 after buying an additional 50,587 shares in the last quarter. Finally, Groupama Asset Managment purchased a new stake in shares of Corning during the 3rd quarter valued at about $624,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Susquehanna upped their price target on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. Weiss Ratings upgraded shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Morgan Stanley upped their target price on shares of Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Finally, Barclays set a $100.00 price objective on shares of Corning in a report on Thursday, January 29th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.75.

Insider Buying and Selling

In other Corning news, EVP Lewis A. Steverson sold 15,366 shares of Corning stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total value of $2,000,960.52. Following the completion of the transaction, the executive vice president directly owned 3,461 shares in the company, valued at $450,691.42. The trade was a 81.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Edward A. Schlesinger sold 21,104 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $104.55, for a total value of $2,206,423.20. Following the transaction, the chief financial officer directly owned 54,780 shares of the company’s stock, valued at $5,727,249. This trade represents a 27.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 233,201 shares of company stock worth $32,614,558. Company insiders own 0.40% of the company’s stock.

Corning Stock Performance

Shares of Corning stock opened at $124.72 on Friday. The firm has a market cap of $107.00 billion, a PE ratio of 67.78, a price-to-earnings-growth ratio of 2.10 and a beta of 1.05. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $162.10. The firm’s 50-day simple moving average is $122.00 and its 200-day simple moving average is $97.26. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59.

Corning (NYSE:GLW) last issued its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, February 27th. Corning’s dividend payout ratio (DPR) is presently 60.87%.

Corning 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.